Rare opportunity to own a FULL DUPLEX 2904 & 2906 in a prime Arlington location! Whether you're looking to begin your real estate investment journey or expand your existing portfolio, this property offers exceptional versatility and income potential. Live in one unit while generating rental income from the other, or lease both units for maximum cash flow. Both units feature similar floor plans with spacious living rooms highlighted by cozy fireplaces, updated kitchens with granite countertops, three generously sized bedrooms, and two-and-a-half bathrooms. A dedicated laundry room includes full-size washer and dryer hookups for added convenience. New HVAC inside and outside installed in July 2026 in unit 2904, providing added value and peace of mind. Each unit offers a two-car carport, and separate electric meters. Water and sewer are serviced through a single meter, with utility costs paid by the owner and reimbursed by the tenants. No HOA adds to the property's appeal and investment flexibility. Ideally located within walking distance of the Gunn middle school and just minutes from The Parks Mall, shopping, dining, entertainment and gym. Convenient access to I-20, this property offers both comfort and convenience. Tenant in unit 2904 will be moving out Aug. 2, 2026. Unit 2906 is vacant and ready for showings. Perfect for an owner-occupant or investor seeking additional income potential. Information deemed reliable but not guaranteed. Buyer and Buyer's Agent to verify all information, including schools, square footage, measurements, taxes and property condition. PLEASE DO NOT DISTURB TENANT.
Scots Wood Estates, located between Interstate 20 and Matlock Road, is a residential and suburban Arlington neighborhood with curving cul-de-sacs and mature tree cover. The neighborhood’s character concentrates around the Matlock Road and I-20 frontage, where big-box retail, casual dining, and service storefronts set a steady, practical rhythm. Housing trends toward late-20th-century brick homes with broad driveways and shaded backyards. Daily routines orbit nearby green space and recreation corridors rather than a single main street. Lake Arlington and its shoreline parks shape the local geography with water views and trail time. Entertainment and errands often point toward the Parks Mall area and the Arlington Highlands district.
Provided by Walk Score and Local Logic
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Bedroom
Living
Interior features
Granite counters
Two levels
Other flooring
Electric water heater
Bedrooms
6 bedrooms
Bathrooms
4 full bathrooms
2 half bathrooms
6 total bathrooms
Kitchen
Electric range
Flooring
Other
Heating & cooling
Central heating
Central air
Exterior features
Yard on a 0.146-acre lot
Subdivision: Scots Wood Estates
Directions available
Home design
Duplex residential income property
Two-story
Built in 1978
Complex/addresses: 2904 & 2906
Parking
Carport parking (4 covered spaces)
Construction
Brick and stucco construction
Composition roof
Slab foundation
Utilities
City water
City sewer
Municipal utility district not in place
HOA & community
No homeowners association
Financial info
Property marketed as residential income with 2 units
Gross annual income reported: $24,000
Gross annual expenses reported: $11,150
Insurance expense: $3,215
Net operating income: $12,850
Capitalization rate: 2.58%
Other
No accessibility features listed
Electricity and solar
View estimated energy costs and solar savings for this home
Bring your offers. Amazing opporunity to for first home buyer to buy their first home and have cash flow from other side of duplex. Great for first time investor as well. Live in one side of the duplex while have a tenant living next door to of set your payments. Both unit are idential with all 3 bedrooms upstairs with 2 full bathrooms. Downstairs has living area, dining room, kitchen, and half bath. Washer and dryer area downstairs as well. Each unit has individual eletric meters and owner pays for water and sewer which you can RUB back to tenant. Long term ownwership with next door leased for $1790.
NTREIS #20709455
Oct 3, 2024
Price Changed
$462,000
$154/sq ft
Aug 21, 2024
Listed
$462,500
$154/sq ft
Public Records
Mar 5, 2014
Sold
*
Public Records
Jul 31, 1990
Sold
*
Public Records
Jun 8, 1988
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$7,936
$35,000 + $328,000
$363,000
2024
$7,934 (−11.7%)
$35,000 + $328,000
$363,000
2023
$8,982 (+20.7%)
$35,000 + $372,060
$407,060
2022
$7,443 (+12.5%)
$35,000 + $264,274
$299,274
2021
$6,619 (+85.1%)
$14,000 + $244,132
$258,132
2020
$3,576 (+2.7%)
$14,000 + $123,644
$137,644
2019
$3,483 (−2.5%)
$14,000 + $124,683
$138,683
2018
$3,573 (−1.5%)
$14,000 + $123,535
$137,535
2017
$3,626 (+1.7%)
$14,000 + $124,556
$138,556
2016
$3,566 (+5.5%)
$14,000 + $124,556
$138,556
2015
$3,380 (+2.5%)
$14,000 + $120,020
$134,020
2014
$3,299 (+2.2%)
$14,000 + $111,100
$125,100
2013
$3,230 (−1.0%)
$14,000 + $111,100
$125,100
2012
$3,263 (+1.5%)
$14,000 + $111,100
$125,100
2011
$3,215 (−7.9%)
$14,000 + $112,000
$126,000
2010
$3,490
$14,000 + $110,000
$124,000
Public record
Public record
Zoning
Beds
6
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
6,365 Sq. Ft.
Year renovated
1978
Finished Sq. Ft.
2,994
Unfinished Sq. Ft.
—
Total Sq. Ft.
2,994
Year built
1978
Style
Multi-Family (2-4 Unit)
County
Tarrant County
APN
02693631
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 2026.
RMF-22
Residential Multi-Family- 22 District
The RMF-22 district is established to provide opportunities for high-density multi-family residential uses with a maximum density of 22 units per acre, which are designed to be compatible with their sites and surroundings. The district also allows medium-density residential uses, including attached residential, live/work units, and residential units over ground-floor non-residential uses.
Permitted uses
Include but are not limited to:
Religious facility
Garden center
Housing-Group
Housing-Multiple units
Housing-Senior
Public service
Museum / gallery
Golf related
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
7/10 Heat Factor
7 days above 109° expected this year, 24 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Arlington, TX • 76015
Average low and high temperatures (°F)
55
35
67
43
78
54
79
60
84
65
92
75
94
75
94
75
90
68
85
62
72
52
63
44
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
97/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.8 hrs
6.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 2904 S Fielder Rd
$490,741
$8,259 under list price of $499K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $362K to $510K.