Two-Unit Duplex with Attached
New
For Sale
$395,000
8020 Tanner Ave, Fort Worth, TX 76116
Each residence has three bedrooms, two bathrooms, a private fenced yard, and separately metered utilities.
Property Size2,188 SF
Price / SF$180.53
Days on Market7
Property Features for 8020 Tanner Ave
General Information
Standard status
Active
Size
2,188 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Western Hills
Taxes and HOA fees
Annual Taxes
$6,065
Listing Agency:
Turn Key Real Estate Mgmt LLC
Listed By:
Scott Richardson · License #0568809
(877) 727-4767
Source:
Exprealty
Added: Oct 31
Changed: Nov 3
Last Checked: Nov 4 at 4:54PM
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 Turn Key Real Estate Mgmt LLC
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Investment Insights
Based on property information with market context.
Built in 2007, this duplex contains two 3-bedroom, 2-bathroom residences totaling 2,188 square feet. Both units have an attached one-car garage and a private fenced yard. Interior finishes include luxury vinyl plank flooring in living areas and tile in the kitchens and bathrooms. Electricity and water are separately metered, with residents responsible for those utilities. There is no HOA.
One unit is leased through August 2027; the other is vacant. The property is professionally managed. Its Fort Worth location offers access to I-30 and Loop 820, with Lockheed Martin, NAS JRB, and the Camp Bowie corridor nearby.
One unit is leased through August 2027; the other is vacant. The property is professionally managed. Its Fort Worth location offers access to I-30 and Loop 820, with Lockheed Martin, NAS JRB, and the Camp Bowie corridor nearby.
Key Highlights
- Two 3‑bedroom, 2‑bathroom units
- 2,188‑square‑foot duplex built in 2007
- Attached one‑car garage and private fenced yard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,271
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,420
$665.4K
Cap Rate 7%
$475,300
$475.3K
Cap Rate 9%
$369,678
$369.7K
Market Conditions
NOI Build-Up for 2,188 SF
Gross rent
$67.7K $30.96/SF
− Vacancy
−$7.2K −$3.31/SF
EGI
$60.5K $27.65/SF
− OpEx
−$27.2K −$12.44/SF
NOI
$33.3K $15.21/SF
Area
Fort Worth, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,420
Cap Rate 7%
$475,300
Cap Rate 9%
$369,678
Alternative Uses
Best Use
Multifamily LT 5
$547.3K
$478.9K – $638.5K
NOI $38,308 @ 7.0% cap · market cap 9.70%
Second Best
Apartment 5plus
$475.3K
$415.9K – $554.5K
NOI $33,271 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$794.8K
$695.5K – $927.3K
NOI $55,636 @ 7.0% cap · market cap 14.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Location Intelligence
Trade Area within ½ mile
803
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, a private fenced yard, and separately metered utilities.
Where is this duplex located?
The property is located at 8020 Tanner Ave Fort Worth, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2‑bathroom units; 2,188‑square‑foot duplex built in 2007; Attached one‑car garage and private fenced yard for each residence
