1409 W Allen Avenue
Property Description
Two blocks off Magnolia Avenue in Historic Fairmount, a 1920 duplex taken to the studs and rebuilt with designer finishes. Two self-contained units under one roof, roughly 1,036 square feet each, each with its own private entry, full kitchen, living room, and bedrooms. Live in one and rent the other, run both as furnished rentals, or hold a proven income property on one of Fairmount's best blocks. The character is original and intact: wood floors, shiplap walls and ceilings, statement lighting, gas ranges, and built-ins. A mint-cabinet kitchen with open shelving and a vintage brass faucet, tufted seating, and warm, livable rooms that photograph as well as they show. Outside, the signature double-stacked covered porches run the full width of the house, strung with cafe lights and shaded by mature trees: balcony above, gathering space below. Recent, documented updates take the guesswork out: a full 2018 designer renovation, exterior paint and updated siding in 2022, a new water heater in 2024, and individual electric meters. The numbers back it up. The property has averaged about $70,000 a year in furnished-rental income and is tracking toward $80,000 in 2026, owner-reported P&L is in transaction desk. Available fully turnkey with all furnishings, linens, and operating setup for an additional $25,000 under a separate bill of sale; seller's preference is to sell turnkey. Steps from the restaurants, coffee shops, and bars on Magnolia, and minutes from TCU, the Cultural District museums, the Near Southside medical district, and the Stockyards. Fort Worth ISD: Lily B. Clayton Elementary, McLean Middle, Paschal High. 2,072 total square feet, six bedrooms, three baths, on an interior Fairmount lot with on-street parking. Seller is a licensed real estate agent. Buyer to verify square footage, schools, taxes, and income.
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $550,000 |
| No. of Units: | 2 |
| Year Built: | 1920 |
| Opportunity Zone: | No |
| Price per unit: | $275,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-NTREIS-21280934
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