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115 Merritt Street

Fort Worth, TX 76114

$2,500,000

8 units · 2025

Units8
Building area8,400 sq ft
Year built2025
Gross income$185,760/yr
Cap rate4.45% as listed
Parking8 spaces
Lot size0.975 acres
TypeApartment

What it costs to own

TaxesNot provided by the listing
HOA$173 per month · Touchstone Property Management
HOA fee coversMaintenance Grounds, Maintenance Structure, Pest Control, Sewer, Water
Operating expenses$74,395 per year — as listed
Insurance$6,888 per year — as listed
Net operating income$111,365 per year — as listed

About this home

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!

The details

HeatingCentral
CoolingCentral Air
FlooringLuxury Vinyl Plank, Tile
AppliancesDishwasher, Disposal, Electric Range, Microwave, Refrigerator
Interior featuresCable TV Available, Decorative Lighting, High Speed Internet Available, Kitchen Island, Multiple Staircases, Pantry, Walk-In Closet(s)
Bathrooms12 full · 4 half
Fireplace8 · Living Room

Construction materialsBrick
RoofComposition
FoundationSlab
New constructionYes

Water sourceCity Water, Individual Water Meter
SewerCity Sewer
UtilitiesIndividual Gas Meter, Underground Utilities

SubdivisionHassett Gardens Add
Community featuresPerimeter Fencing, Sidewalks

ElementaryCastleberr
Middle schoolMarsh
High schoolCastleberr
DistrictCastleberry ISD

Gross income$185,760 per year
Operating expenses$74,395 per year
Operating includesInsurance, Maintenance, Payroll, Professional Management, Utilities
Insurance$6,888 per year
Cap rate4.45% — as listed
Net operating income$111,365 per year

MLS #21268353
Source
On the market1 day
CountyTarrant

Around this home

One moment…

Everyday life

Nearest groceryWalmart Supercenter · 1.7 mi
Nearest parkRiver Oaks Community Park · 0.3 mi

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Listing courtesy of League Real Estate — Ross Utley.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21268353. Information last updated May 19, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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