• Office Phone - 214.572.1400
  • Primary - 214.801.4417

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Listing provided courtesy of League Real Estate- MLS# 21268353MLS ProviderContact Information: Ross Utley - 817-523-9113

115 Merritt StreetFort Worth, TX 76114

Multi-Family · 12 Beds · 12 Full Baths · 4 Half Baths · 8,400 Sq. ft. | 0.98 Acres
$2,500,000 Active

115 Merritt Street Overview

Visits:
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The Merritt Condominiums is a brand new 36-unit condo development in the heart of The River District! 115 Merritt St includes (4) 1bed, 1 bath and (4) 2bed, 2.5bath units, ranging from 650-1200sqft and 100% leased. Property is perfectly positioned minutes from downtown Fort Worth, Cultural District and Fort Worth Stockyards. Zoned MU-1, each unit is thoughtfully designed for efficient, comfortable living - ideal for individuals searching for a lock-and-leave lifestyle. Minimal maintenance for investors seeking a prime opportunity to own income-producing property in a high-demand area. The location and layout make these units excellent candidates for long-term leasing or short-term rental strategies. Zoning allows for fully legal Airbnb operations in the city of Fort Worth! Additional buildings are continuing to be leased and can be purchased individually or as a package. Reach out for more information!

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115 Merritt Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 8,400
  • Price/Sq.ft. $298
  • Lot 0.98 Acres

Details

General

Association/HOA

  • Association Amenities: Maintenance Front Yard
  • Association Fee: 173.0
  • Association Fee Frequency: Monthly
  • Association Fee Includes: Maintenance Grounds,Maintenance Structure,Pest Control,Sewer,Trash,Water
  • Association Name: Touchstone Property Management
  • Association: Yes

School Information

  • School District: Castleberry ISD
  • Elementary School: Castleberr
  • Middle Or Junior School: Marsh
  • High School: Castleberr

Income/Expenses

  • Gross Income: 185760.0
  • Insurance Expense: 6888.0
  • Net Operating Income: 111365.0
  • Operating Expense Includes: Accounting,Insurance,Maintenance,Professional Management,Utilities

Building Information

  • Year Built: 2025
  • Year Built Details: New Construction - Complete

Location/Region

  • Country: US
  • County Or Parish: Tarrant
  • Postal City: FORT WORTH
  • Subdivision Name: Hassett Gardens Add

Community/Development

  • Community Features: Fenced Yard,Community Mailbox,Curbs,Sidewalks

General Information

  • Listing Terms: Cash,1031 Exchange
  • Parcel Number: 42777010
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Senior Community: No

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 12
  • Bathrooms Half: 4
  • Bathrooms Total: 16
  • Bedrooms Total: 12

Building Interior

  • Building Area Source: Plans
  • Building Area Total: 8400.0

General Information

  • Appliances: Dishwasher,Electric Range,Disposal,Gas Water Heater,Microwave,Refrigerator,Tankless Water Heater
  • Basement: No
  • Fireplace Features: Living Room
  • Fireplace: Yes
  • Fireplaces Total: 8
  • Flooring: Luxury Vinyl Plank,Tile
  • Foundation Details: Slab
  • Interior Features: Decorative/Designer Lighting Fixtures,High Speed Internet,Kitchen Island,Multiple Staircases,Pantry,Cable TV,Walk-In Closet(s)
  • Levels: Three Or More
  • Living Area: 8400.0
  • Security Features: Smoke Detector(s)

Exterior

Parking Information

  • Open Parking: Yes
  • Parking Features: Common,Concrete,Lighted,On Site,Open,Parking Lot
  • Parking Total: 8.0

Lot Information

  • Lot Size Acres: 0.975
  • Lot Size Area: 0.975
  • Lot Size Dimensions: 166X256
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 42471.0
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Attached Garage: No
  • Construction Materials: Brick
  • Patio And Porch Features: Balcony,Covered
  • Roof: Composition

General Information

  • Carport: No
  • Exterior Features: Balcony
  • Number Of Units Total: 8
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Natural Gas Available,Sewer Available,Separate Meters,Underground Utilities,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 1 Bedroom
  • Units Total: 4

Unit 2 Details

  • Unit Type: 2 Bedroom
  • Units Total: 4

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

115 Merritt Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

115 Merritt Street Market Data

Based on the last 30 days in this zip code

$424,792
Average List Price
$230
Average Price per Square Foot
14
Properties Sold
94
Average Days on Market
99
Properties for Sale
Calculations provided by Reliance Network


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