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1016 E Arlington Ave - 1016 East Arlington Ave | Quadplex 4 Unit Apartment Building Offered at $439,000 at a 9% Cap Rate Fort Worth, TX 76104
Investment Highlights
- Beautifully renovated
- Designated parking
- Near downtown Fort Worth
- Attractive floor plan
- Yard drainage system
- Roof replaced within the last 5 years
Executive Summary
Beautifully renovated quadplex located just 4 miles from vibrant downtown Fort Worth. Attractive and highly rentable floor plan for long-term or mid-term leases. Designated parking for each unit. Recent improvements make this an exceptional low-maintenance addition to any portfolio. In 2025, the yard drainage system was replaced, providing peace of mind for years to come. Interior updates throughout the property enhance durability and tenant appeal, while the spacious layout in each unit supports strong, consistent rental demand. Situated in a quickly growing corridor with easy access to major highways, medical centers, universities, and Fort Worth's cultural district, this property is perfectly positioned for sable cash flow and long-term appreciation.
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$51,600
|
$14.05
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$51,600
|
$14.05
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$12,000
|
$3.27
|
| Net Operating Income |
$39,600
|
$10.78
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $51,600 |
| Annual Per SF | $14.05 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $51,600 |
| Annual Per SF | $14.05 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $12,000 |
| Annual Per SF | $3.27 |
| Net Operating Income | |
|---|---|
| Annual | $39,600 |
| Annual Per SF | $10.78 |
Property Facts
| Price | $439,000 | Lot Size | 0.14 AC |
| Price Per Unit | $109,750 | Building Size | 3,672 SF |
| Sale Type | Investment | No. Stories | 2 |
| Cap Rate | 9% | Year Built | 1930 |
| No. Units | 4 | Opportunity Zone |
Yes
|
| Property Type | Multifamily |
| Price | $439,000 |
| Price Per Unit | $109,750 |
| Sale Type | Investment |
| Cap Rate | 9% |
| No. Units | 4 |
| Property Type | Multifamily |
| Lot Size | 0.14 AC |
| Building Size | 3,672 SF |
| No. Stories | 2 |
| Year Built | 1930 |
| Opportunity Zone |
Yes |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | $1,075 | 918 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 02858207 | Improvements Assessment | $299,990 |
| Land Assessment | $18,000 | Total Assessment | $317,990 |
Property Taxes
Parcel Number
02858207
Land Assessment
$18,000
Improvements Assessment
$299,990
Total Assessment
$317,990
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1016 E Arlington Ave - 1016 East Arlington Ave | Quadplex