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$232,000

NAL Estimated Property Value

516 N Riverside Dr, Fort Worth, TX, 76111

Off MarketInfo
Beds4 Beds
Baths2 Bath
Baths1,216 Sq Ft
price_per_sqft$265.62 / sqft
Year BuiltBuilt in 1923

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Half 2Bathrooms Half 2
Garage AvailableGarage Available
AppliancesElectric Oven, Electric Range, Microwave
FlooringCeramic Tile, Tile, Vinyl

Exterior

Lot Size5,349 sqft

Building Information

Year Built1923
Garage Spaces2

Land Information

APN27160-163-9
Lot Number9
SubdivisionMc Adams Addition
Land UseResidential
Legal DescriptionMC ADAMS ADDITION BLOCK 163 LOT 9
Census Tract101202
Assessed Land Value$26,750
Assessed Improvement Value$93,587
Assessment Year2025

About this property

This beautifully updated residence blends modern elegance with timeless charm—zoned Neighborhood Commercial (E), offering potential for business use! Thoughtfully restored to its original shiplap, it features porcelain and tile flooring, a sleek remodeled kitchen and baths with granite countertops, and custom built-ins. Ideally situated on a busy street just five minutes from downtown Fort Worth, this prime location provides easy access to major highways, shopping, dining, and entertainment. Enjoy a spacious backyard with a covered patio (converted garage), extra storage, and a two-car carport. Buyers should verify permitted uses with Fort Worth Zoning & Platting. Don’t miss this incredible opportunity!

Investor Tools

Property Icon
$232,000
Estimated Property Value
$0Estimated Mortgage Balance
$232,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,938 /month
Positive
Cash Flow Estimate:
$646 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$144/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$571
$120,337
2025
$26,750
$93,587
$120,337
No

Tax History

Year
Tax Paid
Assessed Value
2024
$571
$120,337

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$232,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Fort Worth

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Explore

Fort Worth

Fort Worth has transformed into one of the fastest-growing large cities in America. Anchoring the western side of the Dallas–Fort Worth Metroplex, the city combines its historic cattle industry and western heritage with modern economic strength. Major employers include aerospace and defense firms, healthcare systems, transportation companies, and advanced manufacturers.

With over one million residents and continued population growth at one of the fastest rates among major U.S. cities, Fort Worth offers relatively affordable housing compared to many peer cities while maintaining the economic advantages of a major metropolitan area. From North Fort Worth growth corridors to established neighborhoods, the city attracts homebuyers, businesses, and new residents seeking opportunity and affordability.

Explore Texas Explore This Area
Population Growth

Population Growth

11.9% since 2020

Net Migration

Net Migration

Strong Positive Migration

Median Home Price

Median Home Price

$299,655

Unemployment Rate

Unemployment Rate

3.7%

Price Trend

Price Trend

-2.5% YoY

New Permits

New Permits

158K

City: Fort Worth

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