1901 Fairmount Avenue
About This Property
The layout offers plenty of space for dining, entertaining, and everyday living with two living spaces and dining space as well as an eat in kitchen. The front porch welcomes neighbors. A large walk in primary closet is also a feature. A detached studio garage apartment provides an excellent opportunity for guests or additional rental income, while a separate studio space offers flexibility for an art studio, workshop, or home office. The backyard is very private and secluded.
Set in the middle of Fort Worth's historic Fairmount neighborhood, the home is a short walk from Magnolia Avenue's shops, restaurants, and coffee houses, and minutes from downtown, TCU, or Texas A&M's coming soon campus. The Fairmount neighborhood is an historic district and there are guidelines that must be followed and changes must be approved for any alterations to the exterior of houses within the neighborhood.
Showings to start Saturday, August 30.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 7, 2025 | Sold | ||
| Sold | |||
| Sep 10, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Listed by League Real Estate | $658,000 | |
| Listed by League Real Estate | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017