Modern Duplex with Alley
For Sale
$500,000
931-933 River Rd, Fort Worth, TX 76114
Built in 2024, this duplex offers two residences with private entrances and five alley-access parking spaces.
Property Size2,618 SF
Price / SF$190.99
Days on Market101
Property Features for 931-933 River Rd
General Information
Standard status
Active
Size
2,618 SF
Total Parking Spaces
5
Property subtype
Multi-Family
Site & Location
Neighborhood
Eastgate Neighbors
Additional Details
Multifamily Units
2
Building Details
Year Built
2024
Tenancy
Multi
Listing Agency:
NextHome NTX Real Estate
Listed By:
Graham Stiles · License #0482946
(817) 809-6996
Source:
Brandeekelley
Added: Jul 25
Changed: Oct 25
Last Checked: Oct 7 at 4:25PM
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 NextHome NTX Real Estate
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Investment Insights
Based on property information with market context.
Built in 2024, this modern duplex provides two separate residences under one ownership, each with a private entrance and an open-concept interior. Both units feature contemporary finishes, modern cabinetry, granite countertops, durable flooring, spacious bedrooms, walk-in closets, and two-and-a-half bathrooms. One residence includes three bedrooms, while the other includes two bedrooms. The property also has five alley-access parking spaces, and one residence is currently vacant. The other unit can be made available quickly, offering flexibility for the next owner.
Situated near the Trinity River and Trinity Trails, the property is positioned for convenient access to downtown Fort Worth, NAS JRB, Westworth Village, and nearby shopping, dining, and entertainment, with miles of walking and biking trails close by.
With remaining builder warranty coverage noted in the seller’s remarks, this is a newer duplex setup well-suited to rental income or owner-occupancy with leasing support.
Situated near the Trinity River and Trinity Trails, the property is positioned for convenient access to downtown Fort Worth, NAS JRB, Westworth Village, and nearby shopping, dining, and entertainment, with miles of walking and biking trails close by.
With remaining builder warranty coverage noted in the seller’s remarks, this is a newer duplex setup well-suited to rental income or owner-occupancy with leasing support.
Key Highlights
- Duplex built in 2024 with modern construction and two separate residences
- Each unit has a private entrance and open‑concept living with contemporary finishes
- Granite countertops and modern cabinetry in each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,836
Cap Rate
9.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$916,720
$916.7K
Cap Rate 7%
$654,800
$654.8K
Cap Rate 9%
$509,289
$509.3K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$72.9K $27.84/SF
− Vacancy
−$7.4K −$2.83/SF
EGI
$65.5K $25.01/SF
− OpEx
−$19.6K −$7.50/SF
NOI
$45.8K $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%
$916,720
Cap Rate 7%
$654,800
Cap Rate 9%
$509,289
Alternative Uses
Best Use
Multifamily LT 5
$654.8K
$573.0K – $763.9K
NOI $45,836 @ 7.0% cap · market cap 9.17%
Second Best
Apartment 5plus
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 7.96%
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,571 @ 7.0% cap · market cap 13.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
Explore this area
Business Placement
Demographics for 76114, TX
26,676
Population
10,648
Households
2.5
Avg Household Size
36
Median Age
18%
College-Educated
76%
High-School Grad
9.7 sq mi
ZIP Area
2,750
Density / Sq Mi
$61,055
Median Household Income
$40,145
Median Earnings
$1,231
Median Rent
$195,400
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 2024, this duplex offers two residences with private entrances and five alley-access parking spaces.
Where is this duplex located?
The property is located at 931-933 River Rd Fort Worth, TX.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Duplex built in 2024 with modern construction and two separate residences; Each unit has a private entrance and open‑concept living with contemporary finishes; Granite countertops and modern cabinetry in each residence
