2517 Glencrest Dr · Fort Worth, TX 76119

$149,900

3 bd · 1.0 ba · 2,053 sqft · SingleFamily public records · 554 Days on market

Built 1940 9,583 sqft lot $73/sqft · 45% below area Est $272k · 45% under

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Why this score? — see what drove the B grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +28.7/30.0
• ARV discount +15.0/15.0
• DSCR +10.0/10.0
• 1% rule +8.7/10.0
• Livability +4.0/5.0
• Condition / age +2.5/5.0
• Rent growth +2.1/5.0
• Schools +2.0/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

Key facts

• 9,583 sq ft lot
• Built 1940
• Listed 554 days

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $150k.

Deal economics

• At list price, monthly cash flow is $501 ($6k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($2k rent vs $150k).
• Recommended offer: $132k (12.0% below list) — sets the bar for market timing.
• Cap rate 10.3% vs local median 3.9% in Fort Worth — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 80/100 on livability (#49 in TX, #1,954 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, cost of living A+, housing A+; Watch: schools D+, crime F.
• Fort Worth ISD (urban): math 18% / reading 28% proficiency, ranked #742 of 826 in TX (top 90%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 73% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents soft (-1.6%/yr); 186 active listings in the ZIP; 15 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 53% of comp listings sitting > 30 days — soft ceiling on asking rent; 18,938 units permitted in Tarrant County in 2024 (8,336 in 5+ unit buildings).
• At $2,050/mo this rent would consume 48% of the median local household income ($51k/yr) (locally 2221% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $4k of value loss. Plan a longer hold.
• Tarrant County population projected at +41% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 554 days — a 12% lower offer ($132k) is reasonable based on typical stale-listing flexibility.
• 6 sale attempts since 2y ago; this cycle's ask has dropped $150k (50%) from the opening price — seller is motivated, your offer sets the floor, not the list.

Risks & watch-outs

• Watch-outs: built in 1940 — expect roof / HVAC / electrical / plumbing capex.
• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 6→20/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $131,912 (12.0% below list)

Questions for the listing agent

1. It's been on market 554 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Built in 1940 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
4. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
5. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
6. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
7. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
8. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
9. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 1.37% ✓
• Cap rate: 10.30%
• Cash-on-cash: 14.31%
• DSCR: 1.64
• GRM: 6.1

CMA / ARV

• ARV (median comp): $272,431
• List price: $149,900
• Delta: -44.98%
• Verdict: UNDERPRICED
• Comps: 20 within 1.0 mi

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
2333 Glencrest Dr	0.21mi	3/2.0	2,035 (-1%)	9mo	$289,000	$142	77
2617 Sarah Jane Ln	0.34mi	3/2.0	1,848 (-10%)	10mo	$299,000	$162	55
4216 Heather Trl	0.45mi	3/2.0	1,869 (-9%)	6mo	$305,000	$163	55
2309 Donnyville Ct	0.47mi	3/2.0	2,151 (+5%)	19mo	$210,000	$98	50
2337 Timberline Dr	0.21mi	4/2.0 (+1)	1,796 (-12%)	14mo	$275,000	$153	48
2420 Hillview Dr	0.56mi	3/2.0	1,948 (-5%)	20mo	$285,000	$146	45
2129 Kingsdale Dr	0.59mi	4/3.0 (+1)	2,104 (+2%)	15mo	$323,000	$154	43
2333 Timberline Dr	0.23mi	4/2.0 (+1)	1,783 (-13%)	20mo	$285,000	$160	42
3000 Hunting Dr	0.49mi	4/2.0 (+1)	1,807 (-12%)	9mo	$375,000	$208	41
2216 Old Leonard St	0.71mi	4/2.5 (+1)	2,053 (0%)	19mo	$292,000	$142	40
5137 Glen Eden Dr	0.71mi	4/2.0 (+1)	1,965 (-4%)	18mo	$288,000	$147	36
2101 Kingsdale Dr	0.64mi	4/2.5 (+1)	1,779 (-13%)	15mo	$264,000	$148	25

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 0.0% rent growth · sell at horizon

5-year hold

• IRR: 1.1%
• Equity multiple: 1.04×
• Total profit: $1,665
• Equity at exit: $22,351

10-year hold

• IRR: 7.2%
• Equity multiple: 1.47×
• Total profit: $19,615
• Equity at exit: $12,961

Cash invested: $41,972 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 87 Strongly Landlord-Friendly
• State Texas: 87 Strongly Landlord-Friendly · R+5
• County: — inherits STATE
• City: — inherits STATE

3-day notice; statewide preemption; one of the fastest eviction climates; Travis County (Austin) slightly slower.

Methodology + full state rankings →

ZIP-level market 76119

• Home prices YoY: -6.4%
• Rents YoY: -1.6%
• Active inventory: 186
• Price-to-rent: 6.1×

Monthly cashflow live

• Estimated rent: $2,050 high
• Mortgage (P&I): −$786
• Tax from tax record: −$271 /mo · $3,248/yr
• Insurance: −$62
• HOA: −$0
• Vacancy / Maint / Mgmt: −$431
• Net cashflow: $501

Break-even live

Break-even rent $1,417

Max offer price $149,900

Occupancy floor 71%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $37,475
• Closing costs: $4,497
• Reserves months: —
• Total cash needed: —

Rent comps 15 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
4800 Dunlap Dr Fort Worth, TX	3.0	2.0	1705	$2,150	$1.26	19d	1	0.15mi
4800 Dunlap Dr Fort Worth, TX	3.0	2.0	1706	$2,150	$1.26	4d	1	0.15mi
4800 Dunlap Dr Fort Worth, TX	3.0	2.0	1705	$2,150	$1.26	6d	1	0.15mi
2401 Stephen Lee Dr Fort Worth, TX	4.0	2.5	2515	$2,450	$0.97	5d	1	0.30mi
2344 Linda Ln Fort Worth, TX	3.0	2.0	1679	$1,850	$1.10	43d	1	0.33mi
4029 Saint Christian St Fort Worth, TX	4.0	2.0	1690	$2,145	$1.27	6d	1	0.57mi
2256 Old Leonard St Fort Worth, TX	4.0	2.0	1899	$2,400	$1.26	44d	1	0.58mi
2216 Old Leonard St Fort Worth, TX	4.0	2.5	2053	$2,500	$1.22	43d	1	0.67mi
3225 Knox St Fort Worth, TX	4.0	2.0	2024	$1,900	$0.94	43d	1	0.90mi
1224 Elva Warren St Fort Worth, TX	4.0	2.5	1584	$2,000	$1.26	43d	1	1.01mi
3211 Montague St Fort Worth, TX	3.0	2.0	1460	$1,999	$1.37	43d	1	1.06mi
1516 Chama Dr Fort Worth, TX	3.0	2.5	1625	$1,700	$1.05	24d	1	1.12mi
4514 Erath St Fort Worth, TX	4.0	2.0	1536	$1,850	$1.20	43d	1	1.20mi
2920 Pima Ln Fort Worth, TX	3.0	2.5	1540	$1,800	$1.17	14d	1	1.27mi
4801 Shackleford St Fort Worth, TX	4.0	2.5	2009	$2,375	$1.18	43d	1	1.36mi

Listing history 29 events

1. 2026-06-07
   status $149,900 Pending 554 DOM
2. 2026-06-04
   days on market $149,900 Active Option Contract 554 DOM
3. 2026-06-03
   days on market $149,900 Active Option Contract 553 DOM
4. 2026-06-02
   days on market $149,900 Active Option Contract 552 DOM
5. 2026-06-02
   days on market $149,900 Active Option Contract 551 DOM
6. 2026-05-31
   days on market $149,900 Active Option Contract 550 DOM
7. 2026-05-11
   price $149,900 1892-char remark

   Show marketing remark (1892 chars)

   ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

8. 2026-01-23
   price $189,900 1892-char remark

   Show marketing remark (1892 chars)

   ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

9. 2025-11-04
   price $199,900 1892-char remark

   Show marketing remark (1892 chars)

   ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

10. 2025-10-14
    price $209,900 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

11. 2025-08-19
    price $225,000 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

12. 2025-05-24
    price $239,900 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

13. 2025-03-20
    price $245,000 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

14. 2025-02-20
    price $269,000 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

15. 2025-02-05
    price $274,900 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

16. 2024-11-27
    listed $299,999 Active 1892-char remark

    Show marketing remark (1892 chars)

    ATTENTION AGENTS & BROKERS - Now offered at an improved price point, this Fort Worth property awaits a visionary transformation. Presently structured as a 5-Plex, it carries a clear directive from the City of Fort Worth: conversion back to its original single-family use. This requirement, however, unveils immense potential for value creation and specialized housing solutions. Consider the compelling possibilities: once thoughtfully converted, this property could become an outstanding co-living residence, offering private, self-contained living spaces within a communal home. It is also ideally suited for student housing, providing comfortable and independent living arrangements, or for a group home requiring multiple private living areas. The ideal configuration involves crafting three or four generously sized bedrooms, each boasting a dedicated en-suite bathroom, a highly sought-after feature that will maximize appeal and rental income. This property is not merely a renovation project; it is an opportunity to reposition a structure for significant future returns.This home was converted to a 5-Plex and MUST be converted back to its highest & best use as single family, per the City of Fort Worth. The property offers investors a versatile opportunity with significant upside, ideal for a group home, a generational home, or student housing once converted. Situated on a spacious lot with mature trees, the structure is primed for conversion back into a single-family home, making it ideal for those looking to maximize value through redevelopment. Located in a well-established neighborhood with easy access to schools, shopping, and major transit routes, this property combines convenience with long-term potential. Whether you are looking to create a standout single-family home or explore other possibilities, this property delivers flexibility and opportunity.

17. 2024-10-19
    historical $1,075
18. 2024-10-17
    historical $1,075
19. 2024-09-12
    listed $1,075
20. 2024-09-11
    historical $1,075
21. 2024-09-11
    price $1,075
22. 2024-09-11
    listed $1,075
23. 2024-08-20
    historical $1,200
24. 2024-08-20
    listed $1,200
25. 2024-07-30
    historical
26. 2024-07-19
    listed $1,200
27. 2024-03-29
    listed $789,000 Active
28. 2021-05-20
    soldstatus
29. 2021-05-19
    soldstatus

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast TX · Resets to sale price

• Current annual tax: $3,248 · $271/mo
• Projected year-2 tax: $3,248 · $271/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 6 d/yr ≥109°F today · 20 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 3 unhealthy d/yr today · 4 by 30 yrs out

Taxation est. · year 1

• Rental income: $24,605
• − Mortgage interest: −$8,397
• − Property taxes: −$3,248
• − Insurance: −$750
• − Repairs & maintenance: −$1,968
• − Management: −$1,968
• − Depreciation: −$4,361
• Taxable income: $3,913
• Est. tax owed @ 24.0%: −$939
• After-tax cash flow: $5,068/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Fort Worth ISD
• NCES district ID: 4819700
• Math proficiency: 18% ▼ -16.00%
• Reading proficiency: 28% ▼ -6.00%
• Median HH income: $42,109
• Composite: 19.61/100
• National rank: #8753
• State rank: #742 of 826 in TX

Livability — Fort Worth

• Score: 80/100
• State rank: #49
• US rank: #1954

Category grades

Amenities A+ Commute A Cost of living A+ Crime F Employment B- Housing A+ Health & safety A User ratings F

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Fort Worth, TX
• County: Tarrant County · 2,033,669 people
• City population: 911,619
• Metro: Dallas-Fort Worth-Arlington, TX
• Population (ZIP): 52,974
• Household income: $51,267
• Rent vs Own: 45.3% rent · 54.7% own
• Severe rent burden: 2221.0

Population outlook (Tarrant County) Hauer SSP2

• Today (2025): 2,380,417 people
• By 2030: 2,578,900 · +8.3%
• By 2040: 2,974,995 · +25.0%
• By 2050: 3,350,489 · +40.8%
• By 2075: 4,216,909 · +77.2%
• By 2100: 4,741,527 · +99.2%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: Hispanic / Latino 51% Black 36% Two or more races 26% White 8% Asian 3%
• Hispanic origin (detail): Mexican 44%
• Foreign-born: 25% · Canada, Philippines
• Languages at home: 54% English-only · Spanish 42% Other Indo-European 2% Other Asian/Pacific 1%

Political lean MEDSL · Tarrant

• 2024 margin: Lean R (+5.1) · D 46.7% · R 51.9% · Other 1.4%
• 2008→2024 swing: +6.6pp toward D · 2008: -11.7pp · 2024: -5.1pp
• All cycles: 2024: R+5.1 2020: D+0.2 2016: R+8.7 2012: R+15.7 2008: R+11.7

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -23.04%
• Current HPI: 336.7941
• Rent YoY: ▼ -1.61%
• Metro: Dallas-Fort Worth-Arlington, TX
• State GDP YoY: ▲ 3.95%
• F500 in state: 110

Industry mix (Fortune 500 HQ in TX)

Industry	F500 HQs	Revenue
▸Energy	16	$1,198B
▸Technology	5	$198B
▸Engineering / Construction	4	$72B
▸Energy Services	3	$60B
▸Utilities	3	$41B
▸Healthcare	2	$330B

Price history

-81.0% since first listed

23 events — show timeline

• 2026-05-11 Price Changed $149,900 NTREIS
• 2026-01-23 Price Changed $189,900 NTREIS
• 2025-11-04 Price Changed $199,900 NTREIS
• 2025-10-14 Price Changed $209,900 NTREIS
• 2025-08-19 Price Changed $225,000 NTREIS
• 2025-05-24 Price Changed $239,900 NTREIS
• 2025-03-20 Price Changed $245,000 NTREIS
• 2025-02-20 Price Changed $269,000 NTREIS
• 2025-02-05 Price Changed $274,900 NTREIS
• 2024-11-27 Listed $299,999 NTREIS
• 2024-10-19 Rental Removed $1,075 APPFOLIO
• 2024-10-17 Rental Removed $1,075 APPFOLIO
• 2024-09-12 Listed for Rent $1,075 APPFOLIO
• 2024-09-11 Rental Removed $1,075 NTREIS
• 2024-09-11 Price Changed $1,075 APPFOLIO
• 2024-09-11 Listed for Rent $1,075 NTREIS
• 2024-08-20 Rental Removed $1,200 NTREIS
• 2024-08-20 Listed for Rent $1,200 APPFOLIO
• 2024-07-30 Listing Removed — NTREIS
• 2024-07-19 Listed for Rent $1,200 NTREIS
• 2024-03-29 Listed $789,000 NTREIS
• 2021-05-20 Sold (Public Records) — Public Records
• 2021-05-19 Sold (Public Records) — Public Records

Property tax history

+5.8%/yr

Latest (2025): $3,248 · -2.4% YoY. Source: county tax records.