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Days341Days on Market
Views19view

$724,500

7504 Chapin Road, Fort Worth, TX, 76116

On MarketInfo
Beds8 Beds
Baths8 Bath
Baths4,298 Sq Ft
QuadruplexQuadruplex
Year BuiltBuilt in 1984

Property Lead Type:

Absentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms Full 8Bathrooms Full 8
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Range, Microwave, Refrigerator, Vented Exhaust Fan
FlooringCeramic Tile, Tile, Vinyl, Wood

Exterior

Exterior FeaturesLighting, Private Yard
Lot Size12,349 sqft

Building Information

Year Built1984
Stories2
Garage Spaces3

Land Information

APN18080-17-18A
Lot Number18A
SubdivisionHighland Homes Addition
Land UseResidential
Legal DescriptionHIGHLAND HOMES ADDITION BLOCK 17 LOT 18A
Census Tract102301
Assessed Land Value$25,000
Assessed Improvement Value$458,760
Assessment Year2025

About this property

Unlock immediate income potential with this rare multi-family fourplex, ideally situated in the heart of Highland Homes. Each of the four units offers a private front entrance, a fenced backyard patio, and a thoughtfully designed two-bedroom, 1.5-bath layout that appeals to long-term tenants. Inside, residents enjoy expansive living rooms with fireplaces, open dining areas, efficient kitchens, convenient first-floor half baths with utility closets, and upstairs layouts featuring two spacious bedrooms and a full bath. Two units have been recently updated with modern finishes, including fresh neutral paint, new flooring and carpet, updated fixtures, and kitchens enhanced with granite countertops, stainless sinks, and newer appliances, while select bathrooms showcase granite vanities and stylish hardware. With three units already occupied, the property is generating steady rental income, complemented by recent capital improvements such as two HVAC systems replaced within the past three years. Additional conveniences include covered rear carport parking and extra open spaces for guests. Tenants will also appreciate the unbeatable location with easy access to Camp Bowie Blvd, I-20, Highway 377, Loop 820, and I-30, making commutes across the metroplex quick and convenient. A true turnkey opportunity, this fourplex is perfectly suited for both seasoned investors seeking reliable returns and first-time buyers eager to own an income-producing property in a prime Fort Worth location.

Investor Tools

$0Estimated Mortgage Balance
$563,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,347 /month
Positive
Cash Flow Estimate:
$1,449 /month

Interested in this property?

Michael Hershenberg

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,117/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,590
$483,760
2025
$25,000
$458,760
$483,760
No

Tax History

Year
Tax Paid
Assessed Value
2025
$10,590
$483,760

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$563,000
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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7504 Chapin Road | Property Details | No Agent List