Three-Bedroom
For Sale
$550,000
6525 Greenway Road, Fort Worth, TX 76116
Both residences are leased month to month and include attached one-car garages with spacious landscaped backyards.
Property Size2,606 SF
Days on Market56
Property Features for 6525 Greenway Road
General Information
Standard status
Active
Size
2,606 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$9,200
Building Details
Building Size
2,606 SF
Year Built
2009
Listing Agency:
Williams Trew Real Estate
(817) 632-9510
Listed By:
Jeff Bankhead · License #0613789
Source:
Nilesrealtygroup
Added: Jul 6
Changed: Aug 29
Last Checked: Aug 29 at 2:46PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Williams Trew Real Estate
Investment Insights
Based on property information with market context.
This 2009 duplex includes two residences, each offering three bedrooms, two bathrooms, and an attached one-car garage. Both units are leased on a month-to-month basis. Interior layouts feature tile flooring and an open connection between the kitchen, dining area, and living room. Kitchen finishes and equipment include granite countertops, an electric range, microwave, and dishwasher. Each primary bedroom includes a private bathroom and closet, while the additional bedrooms are currently configured as an office and guest bedroom.
The property occupies 0.305 acres at 6525 and 6527 Greenway Road in Fort Worth. Each residence has a generously sized backyard with grass and mature trees. Camp Bowie and I-30 are nearby, with shopping and restaurants in the surrounding area.
The property occupies 0.305 acres at 6525 and 6527 Greenway Road in Fort Worth. Each residence has a generously sized backyard with grass and mature trees. Camp Bowie and I-30 are nearby, with shopping and restaurants in the surrounding area.
Key Highlights
- Two leased residences with month‑to‑month occupancy
- Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car attached garage
- 0.305‑acre lot with a backyard for each unit, including grass and trees
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$45,626
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,520
$912.5K
Cap Rate 7%
$651,800
$651.8K
Cap Rate 9%
$506,956
$507.0K
Market Conditions
NOI Build-Up for 2,606 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$72.6K $27.84/SF
− Vacancy
−$7.4K −$2.83/SF
EGI
$65.2K $25.01/SF
− OpEx
−$19.6K −$7.50/SF
NOI
$45.6K $17.51/SF
Area
Fort Worth, TX
Vacancy
10.16%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$912,520
Cap Rate 7%
$651,800
Cap Rate 9%
$506,956
Alternative Uses
Best Use
Multifamily LT 5
$651.8K
$570.3K – $760.4K
NOI $45,626 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$566.1K
$495.3K – $660.5K
NOI $39,627 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$946.6K
$828.3K – $1.10M
NOI $66,265 @ 7.0% cap · market cap 12.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,038
Businesses Nearby
Explore this area
Business Placement
Demographics for 76116, TX
51,639
Population
25,808
Households
2
Avg Household Size
35
Median Age
33%
College-Educated
88%
High-School Grad
12.3 sq mi
ZIP Area
4,198
Density / Sq Mi
$54,738
Median Household Income
$39,040
Median Earnings
$1,205
Median Rent
$286,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both residences are leased month to month and include attached one-car garages with spacious landscaped backyards.
Where is this duplex located?
The property is located at 6525 Greenway Road Fort Worth, TX.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Two leased residences with month‑to‑month occupancy; Each unit includes 3 bedrooms, 2 bathrooms, and a 1‑car attached garage; 0.305‑acre lot with a backyard for each unit, including grass and trees
