Updated Two-Unit
New
For Sale
$289,900
809 Broadus Avenue, Fort Worth, TX 76115
Each residence has its own entrance and in-unit laundry, with a fenced backyard shared by the property.
Property Size1,347 SF
Price / SF$215.22
Days on Market4
Property Features for 809 Broadus Avenue
General Information
Standard status
Active
Size
1,347 SF
Property subtype
Residential Income
Site & Location
Neighborhood
Rosemont
Highway Access
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
in-unit laundry
private fenced backyard
private entrance
Open Floorplan
Building Details
Building Size
1,347 SF
Year Built
1982
Buildings
2
Stories
1
Units
2
Listing Agency:
Repeat Realty, LLC
(972) 966-6683
Listed By:
Duha Abdallah · License #6501401247
(586) 219-1911
Source:
Drakecopelandrealty
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:05PM
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 Repeat Realty, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,347-square-foot duplex contains two residences, each arranged with 2 bedrooms and 1 bathroom. Kitchen, bathroom, and flooring updates are reported in both units. Each residence also has in-unit laundry and a separate entrance. The property includes parking and a fenced backyard.
Built in 1982, the duplex is near major freeways, the Fort Worth Stockyards, and area universities, including TCU.
Built in 1982, the duplex is near major freeways, the Fort Worth Stockyards, and area universities, including TCU.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,347 square feet; built in 1982
- Kitchen, bathroom, and flooring updates in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,583
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$471,660
$471.7K
Cap Rate 7%
$336,900
$336.9K
Cap Rate 9%
$262,033
$262.0K
Market Conditions
NOI Build-Up for 1,347 SF
Gross rent
$37.5K $27.84/SF
− Vacancy
−$3.8K −$2.83/SF
EGI
$33.7K $25.01/SF
− OpEx
−$10.1K −$7.50/SF
NOI
$23.6K $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 Rate 5%
$471,660
Cap Rate 7%
$336,900
Cap Rate 9%
$262,033
Alternative Uses
Best Use
Multifamily LT 5
$336.9K
$294.8K – $393.1K
NOI $23,583 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$292.6K
$256.0K – $341.4K
NOI $20,482 @ 7.0% cap · market cap 7.07%
Theoretical Best
Office A
$489.3K
$428.2K – $570.9K
NOI $34,252 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
839
Businesses Nearby
Explore this area
Business Placement
Demographics for 76115, TX
20,956
Population
6,706
Households
3.1
Avg Household Size
29
Median Age
17%
College-Educated
53%
High-School Grad
4.6 sq mi
ZIP Area
4,556
Density / Sq Mi
$51,823
Median Household Income
$29,868
Median Earnings
$1,177
Median Rent
$132,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own entrance and in-unit laundry, with a fenced backyard shared by the property.
Where is this duplex located?
The property is located at 809 Broadus Avenue Fort Worth, TX.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,347 square feet; built in 1982; Kitchen, bathroom, and flooring updates in both units
