Fort Worth Duplexes, Triplexes & Fourplexes For Sale

How much do duplexes cost in Fort Worth?

The days of the cheap Texas duplex are over. That said, it is still possible to get a Fort Worth duplex in the $200k's but you might not be happy with the neighborhood. If you want to be near TCU you'll pay more but the rents are high and there's always a steady flow of new tenants with parents who can afford any necessary repairs. Venturing outside of Fort Worth you'll find developers building brand new duplexes and fourplexes which aren't cheap, but the advantage is they're new so the maintenance will be minimal. Contact us about a Fort Worth Multi-Family investment strategy and we will work with you to find one that fits your needs.

Can I get a mortgage for a Fort Worth duplex?

Yes, it is possible to get a mortgage on a Fort Worth duplex. That's one of the best things about duplexes - if you plan to live in one side you can usually get a conventional 30-year financing the same way you can with a single family home. The terms and rates should be very similar (depending on your credit and income). The best part is you can use the income from the other half to offset your mortgage. We've have some clients that pay their entire Principal & Interest with that rental income! You can still get financing if you don't plan to live in one half, but you may pay a higher rate because then it's considered an investment loan and higher risk.

Can I finance a Fort Worth duplex with an FHA Loan?

Yes, you can use FHA financing to buy a Fort Worth duplex if you plan to live in one half. That can help you get into a duplex with a lower down payment, and it's especially popular with first-time buyers. The property will have to meet all the FHA requirements and you'll have to pay for  Private Mortgage Insurance (PMI).

Are Fort Worth duplexes a good investment?

We can't give you a straight yes or no answer here. Fort Worth Duplexes can be a good investment, but that depends on your own individual situation and investment goals. We strongly recommend you talk with your own CPA and/or Financial Planner to determine whether investing in a duplex is right for you. It's important to keep in mind that real estate is not liquid - it could take a while to sell it and there are expenses involved. And the last thing you want to do is get into a position where you HAVE to sell. Real Estate is cyclical and investors who get into a cash bind in a down market are the ones who typically lose money on their investment.