3124 Cherry Lane Fort Worth, TX $ 400,000
3124 Cherry Lane
$ 400,000
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3124 Cherry Lane

Fort Worth, TX, 76116
$ 400,000
Bedrooms6 Baths4.0

Monthly Estimate*

$ 2,526

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Multi-Family Home for sale in Fort Worth, TX

for $400,000 with 6 bedrooms and 4 full baths. This home was built in 2007 on a lot size of 0.179.

Texas Cash Flow Duplex Turn Key investment opportunity in Fort Worth's West Side. This beautifully built 2007 duplex features two spacious 3 bed 2 bath units each with attached garage and privacy fenced yard. Whether you're adding to your portfolio or stepping into your first investment property, 3124-3126 Cherry Lane delivers quality construction, strong rental income, and a location that keeps units leased. 3 bed 2 bath per unit 2,236 total sq ft building. Updated luxury vinyl plank flooring throughout living areas of both units - durable, attractive, tenant-approved. Tile in bathrooms and kitchens. 3124 Cherry Lane Lease expires March 2027 rent is below market at $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1595. Rents have room to increase at renewal you're buying in below where the market is heading. No HOA your asset, your rules. Very good overall condition this is not a project, it's a performer. New Roof 2023, Electricity and Water separately metered and residents responsibility, Property Taxes 2025 $7,068.50 Annual Insurance 2025 $1,194.33 Why West Fort Worth? Why Now? DFW's growth is shifting west. Western Tarrant and Parker Counties is where land, capital, and corporate expansion are heading as the eastern metro fills up. Investors who position now are buying ahead of the wave. The fundamentals are hard to beat: Anchor employers that don't blink Lockheed Martin, Naval Air Station JRB, Bell Textron, and the West Fort Worth medical corridor keep tenant demand steady year after year. Camp Bowie is booming record-low retail vacancy. Texas tailwinds no state income tax, landlord-friendly laws, sustained population growth. Professionally managed by Turn Key Real Estate Management, LLC a full-service residential property management company serving the DFW Metroplex since 2008. The current management team is happy to continue serving the new owner making for a truly Turn Key investment from day one

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Multi-Family Active

Price

$ 400,000

Bedrooms

6

Full Bath

4

Property Type

Multi-Family

Taxes

$ 7,069

Style

Duplex

Lot Size

0.179

Year Built

2007

Town/City

Fort Worth

County/Region

Tarrant

MLS | Web ID

21329758

Features
Interior
Interior Features Granite Counters Open Floorplan
Flooring Ceramic Tile Luxury Vinyl Plank
Basement Y/N 0
Occupancy Rate 50
Total Units 2
Half Baths 0
Total Bedrooms 6
Total Baths 4
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General
Heating Central Electric
Complex Name None
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Individual Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Electric Range Electric Water Heater Refrigerator
Number of Garage Spaces 2
School District Fort Worth ISD
Pool Y/N 0
Exclusions Resident Belongings
Year Built 2007
Levels One
Property Subtype Duplex
Subdivision Name Broadmoor Add
Occupant Type Tenant
County Tarrant
Property Type Residential Income
Construction Materials Brick Siding
Year Built Details Preowned
HOA Type None
# of Buildings 1
Full Baths 4
Status Active
Directions GPS
City Fort Worth
Elementary School Name Westn Hill
High School Westn Hill
Elementary School Westn Hill
Standard Status Active
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Exterior
Waterfront 0
Fencing Wood
Garage Length 19
Garage Width 12
Parking Features Garage
Foundation Slab
Building Area Total 2236.00
Garage Y/N 1
Attached Garage Y/N 1
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Internal Only
Street Number 1 3124
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* Excluded Features
List By
Scott Richardson

Listing Agent

Turn Key Real Estate Mgmt Llc

Broker

Affordability Calculator

$3,115
Per Month
81%
19%
0%
Monthly Principal & Interest
$2,526
Monthly Property Taxes
$589
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
287860 Elementary School
2966025 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/13/2026$400,000 Listed Price

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3124 Cherry Lane, Fort Worth, TX, 76116 is a Multi-Family Home for sale at $400,000 with a lot size of 0.179. 3124 Cherry Lane has 6 bedrooms, 4.0 baths, and was built in 2007. The property's zip code is 76116 which is in Fort Worth, TX