3212 Forest Park Boulevard
Property Description
NRES is pleased to offer 3212-3214 Forest Park Boulevard, a 2026-built, three-story duplex about half a mile from the TCU campus core. The property has two 5-bed, 5-bath units, for 10 beds and 10 baths in total, across approximately 4,556 SF on a 6,250 SF lot in Fort Worth's Berry and University corridor. Each roughly 2,278 SF unit has a private bath for every bedroom. The second floor holds an open kitchen and living area with a center island and stainless appliances. Each unit also has an in-unit washer and dryer, wood-look plank flooring, walk-in closets in select bedrooms, covered balconies, and a rooftop deck. Residents park in a striped surface lot at the rear. Both units are fully leased at $13,500 per month, or $162,000 in annual scheduled rent. 3212 is leased through May 2028, and 3214's leases run through May 2027 and May 2028. At the $1,990,000 asking price, estimated Year 1 NOI of $129,500 gives a 6.51% cap rate, or $199,000 per bedroom. Completed in 2026, the property gives a buyer a brand-new asset with minimal near-term capital needs. The site sits on a block of newer three-story duplexes, about 0.2 mile south of W Berry Street. Kroger and Bluebonnet Circle are each about half a mile away, and Downtown Fort Worth is roughly 4.4 miles by car.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,990,000 |
| No. of Units: | 2 |
| Year Built: | 2026 |
| Opportunity Zone: | No |
| Price per unit: | $995,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 10 |
ID: 3yd-NTREIS-21428868
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