Unlock the potential of this 4-unit income property located at 7504 Chapin Dr, Fort Worth, TX 76116. Currently operating at approximately 75% occupancy, this property presents an opportunity for an investor to acquire an income-producing asset with potential to increase revenue through improved occupancy and management.
The property features four individual units, offering the benefits of multifamily ownership while spreading rental income across multiple tenants. With three-quarters of the units currently occupied, an investor has an opportunity to stabilize the remaining vacancy and potentially enhance the property's overall cash flow.
Located in Fort Worth, the property provides convenient access to major roadways, employment centers, shopping, dining, and other area amenities. Whether you're looking to add to an existing rental portfolio or seeking a multifamily investment with additional upside, 7504 Chapin Dr offers a combination of current rental income and value-add potential.
For sale
$650,000
7504 Chapin Rd, Fort Worth, TX 76116
8beds
4,298sqft
Quadruplex, Multi Family
Built in 1984
-- sqft lot
$-- Zestimate®
$151/sqft
$-- HOA
What's special
Four individual units
- 40 days
- 212
- 17
Zillow last checked:
Listing updated:
Listed by:
Ikay Aburime 0489252 972-504-8021,
Targetcost Realty 972-504-8021,
Olusegun Owoseni 0716977 240-439-1658,
TargetCost Realty
Source: NTREIS,MLS#: 21389114
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 8
- Full bathrooms: 4
- 1/2 bathrooms: 4
Heating
- Electric
Cooling
- Central Air, Ceiling Fan(s), Electric
Appliances
- Included: Dishwasher, Electric Range, Electric Water Heater, Disposal, Refrigerator
Features
- Other
- Flooring: Carpet, Tile, Vinyl
- Has basement: No
- Number of fireplaces: 1
- Fireplace features: Living Room, Wood Burning
Interior area
- Total structure area: 4,298
- Total interior livable area: 4,298 sqft
Video & virtual tour
Property
Parking
- Total spaces: 4
- Parking features: Alley Access, Carport
- Carport spaces: 1
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.28 Acres
Details
- Parcel number: 04813235
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Brick
- Foundation: Slab
- Roof: Composition
Condition
- Resale
- Year built: 1984
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Highland Homes Add
HOA
- Has HOA: No
Location
- Region: Fort Worth
Financial & listing details
- Price per square foot: $151/sqft
- Tax assessed value: $483,760
- Annual tax amount: $10,590
- Date on market: 9/17/2026
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Listed for sale | $650,000-10.3%$151/sqft |
Source: NTREIS #21389114 Report a problem | ||
| 3/16/2026 | Listing removed | $724,500$169/sqft |
Source: NTREIS #21063188 Report a problem | ||
| 9/22/2025 | Listed for sale | $724,500+23.8%$169/sqft |
Source: NTREIS #21063188 Report a problem | ||
| 8/5/2024 | Sold | -- |
Source: NTREIS #20526034 Report a problem | ||
| 7/1/2024 | Pending sale | $585,000$136/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 6/7/2024 | Price change | $585,000-3.3%$136/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 6/3/2024 | Price change | $605,000-0.8%$141/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 4/27/2024 | Price change | $610,000-0.8%$142/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 4/17/2024 | Price change | $615,000-1.6%$143/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 4/15/2024 | Listed for sale | $625,000$145/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 4/1/2024 | Pending sale | $625,000$145/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 3/22/2024 | Contingent | $625,000$145/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 3/21/2024 | Price change | $625,000-1.6%$145/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 3/18/2024 | Listed for sale | $635,000$148/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 3/12/2024 | Contingent | $635,000$148/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 2/19/2024 | Price change | $635,000-1.6%$148/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 2/5/2024 | Price change | $645,000+5.7%$150/sqft |
Source: NTREIS #20526034 Report a problem | ||
| 9/27/2023 | Pending sale | $610,000$142/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 9/14/2023 | Contingent | $610,000$142/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 8/29/2023 | Listed for sale | $610,000$142/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 8/14/2023 | Contingent | $610,000$142/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 7/6/2023 | Listed for sale | $610,000-3.9%$142/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 6/24/2023 | Contingent | $635,000$148/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 6/16/2023 | Listed for sale | $635,000+27%$148/sqft |
Source: NTREIS #20356083 Report a problem | ||
| 1/14/2022 | Sold | -- |
Source: NTREIS #14699720 Report a problem | ||
| 12/13/2021 | Pending sale | $500,000$116/sqft |
Source: NTREIS #14699720 Report a problem | ||
| 11/23/2021 | Contingent | $500,000$116/sqft |
Source: NTREIS #14699720 Report a problem | ||
| 5/3/2018 | Sold | -- |
Source: Agent Provided Report a problem | ||
| 10/21/2010 | Sold | -- |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,590 -7.2% | $483,760 -4.9% |
| 2024 | $11,416 -6% | $508,760 -5.2% |
| 2023 | $12,143 +34.9% | $536,648 +55% |
| 2022 | $8,998 -4% | $346,147 -0.7% |
| 2021 | $9,375 +4.5% | $348,758 +6.7% |
| 2020 | $8,967 +6.1% | $326,891 +2.4% |
| 2019 | $8,448 +31.1% | $319,183 +36.2% |
| 2018 | $6,446 +0.8% | $234,317 +2% |
| 2017 | $6,397 +34.8% | $229,698 +37.1% |
| 2016 | $4,745 +1.9% | $167,498 +2.1% |
| 2015 | $4,658 | $164,100 |
| 2014 | $4,658 | $164,100 +6% |
| 2013 | -- | $154,800 +32.3% |
| 2012 | -- | $117,000 -13.3% |
| 2011 | -- | $135,000 -37.1% |
| 2010 | -- | $214,700 -6.1% |
| 2009 | -- | $228,600 |
| 2008 | -- | $228,600 |
| 2007 | -- | $228,600 +9.5% |
| 2006 | -- | $208,700 +22.3% |
| 2005 | -- | $170,600 |
| 2004 | -- | $170,600 +15.7% |
| 2003 | -- | $147,400 +1% |
| 2002 | -- | $145,900 +43% |
| 2001 | -- | $102,000 |
| 2000 | -- | $102,000 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 76116
Nearby schools
Schools provided by the listing agent
- Elementary: Luellamerr
- Middle: Leonard
- High: Westn Hill
- District: Fort Worth ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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