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$800,000

1501 W Morphy St, Fort Worth, TX, 76104

On MarketInfo
Just AddedInfo
Beds8 Beds
Baths4 Bath
Baths4,552 Sq Ft
QuadruplexQuadruplex
price_per_sqft$175.75 / sqft
Year BuiltBuilt in 1926

Property Lead Type:

BankruptcyAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 4Bathrooms Full 4
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
FlooringOther

Exterior

Lot Size5,000 sqft

Building Information

Year Built1926
Stories2
Garage Spaces2

Land Information

APN27200----E---27---20
Lot Number27-28
SubdivisionMc Anulty & Nye Subdivision
Land UseResidential
Legal DescriptionMC ANULTY & NYE SUBDIVISION BLOCK E LOT 27 & 28
Census Tract123700
Assessed Land Value$110,000
Assessed Improvement Value$375,000
Assessment Year2026

About this property

1501 W Morphy presents an attractive multifamily investment opportunity, combining 100% occupancy, stabilized cash flow, and a prime urban infill location in Fort Worth's highly sought-after Fairmount neighborhood. Located just one block from Magnolia Avenue, this income-producing fourplex features a well-balanced unit mix consisting of three 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit. Significant capital improvements include a roof replacement in 2014, along with plumbing, HVAC, and electrical upgrades completed in 2016. Residents benefit from walkable access to Magnolia Avenue's popular dining and entertainment destinations, including Salsa Limón, Maggie's R&R, Melt Ice Cream, and numerous other neighborhood amenities. With established in-place rental income, historical capital improvements, and proximity to Fort Worth's Medical District and Near Southside, 1501 W Morphy offers investors the opportunity to acquire a stabilized multifamily asset in an established urban infill location. Capitalize on this opportunity to add a fully occupied, income-producing asset to your investment portfolio. Contact the listing broker for additional financial information, property details, and to discuss this investment opportunity.

Investor Tools

$0Estimated Mortgage Balance
$687,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,800 /month
Positive
Cash Flow Estimate:
$1,600 /month

Interested in this property?

Ross Utley

League Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,186/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,801
$485,000
2026
$110,000
$375,000
$485,000
No

Tax History

Year
Tax Paid
Assessed Value
2026
$10,801
$485,000

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$687,000
100%
0%
$0/mo

City: Fort Worth

1501 W Morphy St | Property Details | No Agent List