Modern Two-Unit
For Sale
Contact for pricing
931 River Road, Fort Worth, TX 76114
Completed in 2024, the property offers open-concept interiors, private entrances, and contemporary finishes.
Property Size2,618 SF
Price / SF$0.73
Days on Market211
Property Features for 931 River Road
General Information
Standard status
Active
Size
2,618 SF
Property subtype
Residential Lease / Duplex
Lease Term
12 Months
Units
Unit Mix
1 x 2BR/2.5BA, 1 x 3BR/2.5BA
Multifamily Units
2
Amenities
Living Room, 1, 16.00, 9.00, 9 x 16
Bedroom, 2, 13.00, 9.00, 9 x 13
Bath-Full, 2, 5.00, 8.00, 8 x 5
Dining Room, 1, 10.00, 9.00, 9 x 10
Bedroom-Primary, 2, 13.00, 9.00, 9 x 13
Bath-Half, 1, 8.00, 3.00, 3 x 8
Central Air, Electric
Central, Electric
No
Carpet, Luxury Vinyl Plank
Dishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Yes
1170.0
Bedroom-Primary-2-1, Master Bedroom-2-1, Bedroom-2-1, Bath-Full-2-1, Bath-Half-1-1, Living Room-1-1, Dining Room-1-1
Full Size W/D Area, Dryer Hookup, Washer Hookup
Cable TV Available, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Kitchen Island, Open Floorplan, Pantry, Walk-In Closet(s)
1
Two
Bedroom-Primary, Master Bedroom, Bedroom, Bath-Full, Bath-Half, Living Room, Dining Room
2
3
Concrete, Fiber Cement, Siding
Building Details
Year Built
2024
Construction
modern-style
Listing Agency:
LPT Realty, LLC
Listed By:
Spencer Hal · License #0752812
(214) 499-2522
Source:
Compass
Added: Mar 20
Changed: Oct 16
Last Checked: Oct 16 at 10:31AM
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 LPT Realty, LLC
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Investment Insights
Based on property information with market context.
This 2024-built duplex at 931 River Road includes two separately entered residences with open-concept living areas and contemporary finishes. One unit provides 2 bedrooms and 2.5 bathrooms, while the other includes 3 bedrooms and 2.5 bathrooms. Both homes feature modern cabinetry, granite countertops, kitchen islands, pantries, luxury vinyl plank flooring, and generous living spaces. Appliances include dishwashers, disposals, electric cooktops, ovens, ranges, microwaves, and electric water heaters. Central electric air conditioning and ENERGY STAR Qualified Equipment are also included.
The property is minutes from NAS JRB, Trinity River walking and biking trails, and Fort Worth conveniences. It remains under builder warranty, and exterior materials include concrete, fiber cement, and siding over a slab foundation. Additional features include decorative lighting, ceiling fans, walk-in closets, high-speed internet availability, and private entries for each residence.
The property is minutes from NAS JRB, Trinity River walking and biking trails, and Fort Worth conveniences. It remains under builder warranty, and exterior materials include concrete, fiber cement, and siding over a slab foundation. Additional features include decorative lighting, ceiling fans, walk-in closets, high-speed internet availability, and private entries for each residence.
Key Highlights
- Built in 2024 and still under builder warranty
- Two‑unit duplex with private entries
- Unit mix includes 2 bedrooms and 2.5 bathrooms plus 3 bedrooms and 2.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,809
Suggested Prices Based on Cap Rates
Cap Rate 5%
$796,180
$796.2K
Cap Rate 7%
$568,700
$568.7K
Cap Rate 9%
$442,322
$442.3K
Market Conditions
NOI Build-Up for 2,618 SF
Gross rent
$81.1K $30.96/SF
− Vacancy
−$8.7K −$3.31/SF
EGI
$72.4K $27.65/SF
− OpEx
−$32.6K −$12.44/SF
NOI
$39.8K $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%
$796,180
Cap Rate 7%
$568,700
Cap Rate 9%
$442,322
Alternative Uses
Best Use
Multifamily LT 5
$654.8K
$573.0K – $763.9K
NOI $45,836 @ 7.0% cap · market cap 2,412.42%
Second Best
Apartment 5plus
$568.7K
$497.6K – $663.5K
NOI $39,809 @ 7.0% cap · market cap 2,095.21%
Theoretical Best
Office A
$951.0K
$832.1K – $1.11M
NOI $66,571 @ 7.0% cap · market cap 3,503.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
147
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Completed in 2024, the property offers open-concept interiors, private entrances, and contemporary finishes.
Where is this duplex located?
The property is located at 931 River Road Fort Worth, TX.
What are key features of this property?
This property features: Built in 2024 and still under builder warranty; Two‑unit duplex with private entries; Unit mix includes 2 bedrooms and 2.5 bathrooms plus 3 bedrooms and 2.5 bathrooms
