Last listed at $575,000, sold on nov 2021

—

•

4,244

sq ft

516 Rita Ln, Arlington, TX 76014

About this home

WOW! Fantastic cash-flowing fourplex in terrific Arlington location. RIGHT NEXT TO MEDICAL CITY. Short walk to Vandergriff Park. Units A, B, and C have all been remodeled in the past 12 months, leased at $1,150 per month, and have awesome well-qualified tenants. Unit D is leased at $910 per month with long-term tenant on month to month lease. Roof replaced in summer of 2020. Recent siding repairs and brick work. All the work has already been done! Don't miss your chance to own this low-maintenance money-maker! Survey, T 47, Seller's Disclosure, and Rent Roll are all in Transaction Desk.

Multi-familyProperty Type

1985Year Built

0.29 acresLot Size

$135Price/Sq.Ft.

8 spacesParking

Listed by Nathan Frickle • Way Home Realty

Listed by David Johns

Bought with Jimmy Lam • Kimberly Adams Realty

Redfin checked: 3 minutes ago

•Source:NTREIS #14649375

Redfin Estimate

Unfortunately, we don't have enough data to generate an accurate Estimate at this time.

Market trends in 76014, TX

Last updated October 2026

Buyer's Market

Seller's Market

Seller's market

Sale-to-list price

97.4%

1.2% MoM

Median sale price

$261K

$14K MoM

Avg. days on market

31d

4 days MoM

Recently sold homes

6 MoM

New listings for sale

NEW 4 HRS AGO
$150,000
2 beds2 baths1,102 sq ft
2200 Busch Dr, Arlington, TX 76014
FOR SALE BY OWNER
$350,000
3 beds2 baths1,794 sq ft
114 Karen Ct, Arlington, TX 76014
$270,000
4 beds2 baths1,937 sq ft
309 Pebblebrook St, Arlington, TX 76014
$255,000
3 beds2 baths1,264 sq ft
2318 Idlewood Dr, Arlington, TX 76014
3D WALKTHROUGH
$218,000
2 beds2 baths1,227 sq ft
2409 Summer Place Dr, Arlington, TX 76014
$275,000
4 beds3 baths1,394 sq ft
1302 Shelmar Dr, Arlington, TX 76014
3D WALKTHROUGH
$299,000
3 beds2 baths1,748 sq ft
3207 Wintersmith Dr, Arlington, TX 76014
See all

Provided by Redfin

Sale history for 516 Rita Ln

Year

Property tax

Land + Additions

Assessment*

2025

$14,900

$45,000 + $636,541

$681,541

2024

$14,896 (+12.2%)

$45,000 + $636,541

$681,541

2023

$13,271 (−0.4%)

$45,000 + $556,429

$601,429

2022

$13,329 (+48.5%)

$45,000 + $490,933

$535,933

2021

$8,975 (−1.3%)

$20,000 + $330,000

$350,000

2020

$9,094 (+3.5%)

$20,000 + $330,000

$350,000

2019

$8,789 (−6.3%)

$20,000 + $330,000

$350,000

2018

$9,379 (+20.5%)

$20,000 + $341,000

$361,000

2017

$7,783 (+18.8%)

$20,000 + $277,418

$297,418

2016

$6,553 (+3.9%)

$20,000 + $277,418

$297,418

2015

$6,306 (+1.3%)

$20,000 + $226,226

$246,226

2014

$6,224 (+0.3%)

$20,000 + $213,388

$233,388

2013

$6,206 (+8.9%)

$20,000 + $216,000

$236,000

2012

$5,698 (+4.7%)

$20,000 + $220,400

$240,400

2011

$5,444 (−9.9%)

$20,000 + $200,000

$220,000

2010

$6,045

$2,000 + $208,000

$210,000

Tax history for 516 Rita Ln

Year

Property tax

Land + Additions

Assessment*

2025

$14,900

$45,000 + $636,541

$681,541

2024

$14,896 (+12.2%)

$45,000 + $636,541

$681,541

2023

$13,271 (−0.4%)

$45,000 + $556,429

$601,429

2022

$13,329 (+48.5%)

$45,000 + $490,933

$535,933

2021

$8,975 (−1.3%)

$20,000 + $330,000

$350,000

2020

$9,094 (+3.5%)

$20,000 + $330,000

$350,000

2019

$8,789 (−6.3%)

$20,000 + $330,000

$350,000

2018

$9,379 (+20.5%)

$20,000 + $341,000

$361,000

2017

$7,783 (+18.8%)

$20,000 + $277,418

$297,418

2016

$6,553 (+3.9%)

$20,000 + $277,418

$297,418

2015

$6,306 (+1.3%)

$20,000 + $226,226

$246,226

2014

$6,224 (+0.3%)

$20,000 + $213,388

$233,388

2013

$6,206 (+8.9%)

$20,000 + $216,000

$236,000

2012

$5,698 (+4.7%)

$20,000 + $220,400

$240,400

2011

$5,444 (−9.9%)

$20,000 + $200,000

$220,000

2010

$6,045

$2,000 + $208,000

$210,000

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Public record
Zoning

Beds

Baths

Stories

Lot width

—

Lot depth

—

Lot size

0.29 Acres

Year renovated

1985

Sq. Ft.

4,244

Year built

1985

Style

Multi-Family (2-4 Unit)

County

Tarrant County

APN

05676460

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Sep 18, 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

Property details

Parking

Parking & Garage
# of Parking Spaces: 8
2-Car Single Doors, On Street, Rear

Interior

Virtual Tours
Virtual Tour (External Link)

Bathroom Information
# of Baths (1/2): 4
# of Baths (Full): 4

Interior Features
Central Vacuum, Decorative Lighting, High Speed Internet Available, Wet Bar
# of Fireplaces: 4
Fireplace Features: Brick, Wood Burning
Flooring: Carpet, Ceramic Tile, Laminate, Luxury Vinyl Plank

Heating & Cooling
Central A/C (Electric), Central Heat (Electric)

Multi-Unit Information
# of Units: 4
# of Units: 4
Capitalization Rate: 6.57
Gross Annual Expenses: $14,563
Gross Annual Income: $52,320
Insurance Expense: $5,470
Net Annual Income: $37,757
Occupancy Rate: 100
Total Annual Expenses Include: Insurance, Taxes

Unit Type 1 Information
Sq. Ft.: 1,061
# of Baths (Full): 1
# of Baths (1/2): 1
# of Bedrooms: 2
Master Bedroom Dimensions: 12
Master Bedroom Width: 16
Dining Area Dimensions: 7
Dining Area Width: 8
Kitchen Dimensions: 10
Kitchen Width: 12
Living Area Dimensions: 19
Living Area Width: 17
Lease: 1150
# of Units: 1

Unit 2 Information
Sq. Ft.: 1,061
# of Baths (Full): 1
# of Baths (1/2): 1
# of Bedrooms: 2
Master Bedroom Dimensions: 12
Master Bedroom Width: 16
Dining Area Dimensions: 7
Dining Area Width: 8
Kitchen Dimensions: 10
Kitchen Width: 12
Living Area Dimensions: 19
Living Area Width: 17
Lease: 1150
# of Units: 1

Unit 3 Information
Sq. Ft.: 1,061
# of Baths (Full): 1
# of Baths (1/2): 1
# of Bedrooms: 2
Master Bedroom Dimensions: 12
Master Bedroom Width: 16
Dining Area Dimensions: 7
Dining Area Width: 8
Kitchen Dimensions: 10
Kitchen Width: 12
Living Area Dimensions: 19
Living Area Width: 17
Lease: 1150
# of Units: 1

Unit 4 Information
Sq. Ft.: 1,061
# of Baths (Full): 1
# of Baths (1/2): 1
# of Bedrooms: 2
Master Bedroom Dimensions: 12
Master Bedroom Width: 16
Dining Area Dimensions: 7
Dining Area Width: 8
Kitchen Dimensions: 10
Kitchen Width: 12
Living Area Dimensions: 19
Living Area Width: 17
Lease: 910
# of Units: 1

Exterior

Building Information
Pre-Owned
# of Buildings: 1
Building Area Source: Tax
Foundation: Slab

Exterior Features
Gutters
Roof: Composition
Exterior Construction: Brick, Wood

Property Information
Exclusions: All tenants personal items.
Tenancy: Month to Month, 9+ Months

Property Features
# of Stories: 2
Dishwasher, Disposal, Range/Oven (Electric), Refrigerator

Lot Information
Block: 1
Lot Number: 2
Features: Corner, No Backyard Grass, Park View
Lot Size Units: Acres
Area: 0.286
Area Sq. Ft.: 12,458.16
Parcel Number: 05676460

Financial

Tax Information
Tax Legal Description: PARK SIDE PLACE BLOCK 1 LOT 2
Unexempt Taxes: $9,094

Financial Information
Financing Proposed: Cash, Conventional

Utilities

Utility Information
Alley, City Sewer, City Water, Concrete, Curbs, Individual Water Meter, Sidewalk

Green Features
Ceiling Fans

Location

School Information
Elementary School Name: Burgin
Junior High School Name: Workman
High School Name: Bowie
School District: Arlington ISD

Location Information
Subdivision Name: Park Side Place
Complex Name: 516 Rita Ln
Country: United States
Directions: Exit Matlock from 20 and head North on Matlock. Take a right on Rita Ln. Property will be on your right.

Public facts

Beds: 8
Baths: 4.0
Sq. Ft.: 4,244
Stories: 2.0
Lot Size: 0.29 acres
Style: Multi-Family (2-4 Unit)
Year Built: 1985
Year Renovated: 1985
County: Tarrant County
APN: 05676460

Home facts updated by county records on Sep 18, 2026

Other

Listing Agent & Office Information
Co-Listing Agent Direct Work Phone: 214-215-6716

Around this home

Schools

Burgin Elementary School

Public PreK-6 • Assigned • 0.5mi

5/10

Workman Junior High School

Public 7-8 • Assigned • 1.0mi

3/10

Bowie High School

Public 9-12 • Assigned • 3.2mi

3/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

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 • 76014

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 9.9 hours in June and 5.5 hours in December, placing it above the U.S. average for solar exposure.

9.9 hrs

5.5 hrs

JuneDecember

Provided by Shadowmap

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New listings for sale in 76014

NEW 4 HRS AGO

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2200 Busch Dr, Arlington, TX 76014

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FOR SALE BY OWNER

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3 beds2 baths1,794 sq ft

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3D WALKTHROUGH

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Home values near 516 Rita Ln

Data from public records.

Address	Redfin Estimate
500 Rita Lane, Arlington, TX 9 Beds \| 4 Baths \| 5328 Sq. Ft.	—
506 Rita Lane, Arlington, TX 9 Beds \| 4 Baths \| 4680 Sq. Ft.	$697,694

Address	Redfin Estimate
502 Rita Lane, Arlington, TX 9 Beds \| 4 Baths \| 4761 Sq. Ft.	$682,251
508 Rita Lane, Arlington, TX 8 Beds \| 4 Baths \| 4632 Sq. Ft.	$647,274

Address	Redfin Estimate
504 Rita Lane, Arlington, TX 9 Beds \| 4 Baths \| 4680 Sq. Ft.	$678,412
510 Rita Lane, Arlington, TX 8 Beds \| 6 Baths \| 4320 Sq. Ft.	$632,281

Property information provided by NTREIS when last listed in 2021. This data may not match . Learn more.

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GreatSchools Ratings provided by GreatSchools.org.

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About this home

Redfin Estimate

Market trends in 76014, TX

Sale history for 516 Rita Ln

Tax history for 516 Rita Ln

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Nearby similar homes

New listings for sale in 76014

Home values near 516 Rita Ln

More real estate resources