4936 Flamingo Rd Unit 4936/39/40/42 Flamingo Rd, Fort Worth, TX 76119
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About this home
Fully occupied quadplex in Fort Worth offering immediate cash flow and strong investment potential. Each of the four units features a spacious two-story layout with 2 bedrooms and 1.5 bathrooms, approximately 780 square feet per unit, providing comfortable and functional living spaces for tenants. Property has seen recent improvements, with updates completed in select units and a roof replaced approximately three years ago, helping reduce near-term capital expenses. Units offer open-concept living areas, with bedrooms privately situated upstairs and convenient half baths on the main level. Centrally located with easy access to major thoroughfares, shopping, dining, and public transportation, this asset presents an excellent opportunity for investors seeking a stabilized property with upside potential through continued updates and rental growth.
Multi-familyProperty Type
1986Year Built
9,060 sq ftLot Size
$143Price/Sq.Ft.
4 spacesParking
Listed by Laura-Marie Captain• C21 Fine Homes Judge Fite
Contact: 469-329-1828
Bought with Dale Corbett• C21 Fine Homes Judge Fite
Sale and tax history for 4936 Flamingo Rd Unit 4936/39/40/42 Flamingo Rd
Sale History
Tax History
Date
Event
Price
NTREIS #21243872
Aug 27, 2026
Sold
*
Aug 14, 2026
Pending
—
Aug 4, 2026
Contingent
—
Aug 4, 2026
Pending
—
Jul 13, 2026
Contingent
—
Jun 25, 2026
Price Changed
$444,995
$143/sq ft
Apr 18, 2026
Listed
$449,000
$144/sq ft
NTREIS #21314624
Jul 14, 2026
Rental Removed
$1,045
$0/sq ft
Jun 28, 2026
Listed for Rent
$1,045
$0/sq ft
NTREIS #20641121
Jul 25, 2024
Rental Removed
$1,045
$0/sq ft
Jun 10, 2024
Listed for Rent
$1,045
$0/sq ft
Public Records
Jul 11, 2023
Sold
*
NTREIS #20292113
Jul 10, 2023
Sold
*
Jun 14, 2023
Pending
—
May 23, 2023
Contingent
—
May 18, 2023
Price Changed
$425,000
$136/sq ft
Apr 19, 2023
Price Changed
$449,000
$144/sq ft
Mar 31, 2023
Listed
$485,000
$155/sq ft
Investors, seize the opportunity to own an underpriced quadplex great potential! This property features four units, each with two bedrooms, one full bath, and one half bath, providing comfortable living space of 780 square feet per unit. The property has potential for improvement, with a little effort and investment, this property could shine and command higher rents, providing excellent returns for investors. It has an average lease of $881 per month, providing immediate cash flow for investors. This investment property requires some TLC, but the potential for long-term capital appreciation and higher rents over time make it a smart addition to any portfolio. Don't miss out on this opportunity to own an well-priced quadplex with lots of potential.
NTREIS #13853501
May 29, 2018
Sold
*
May 29, 2018
Listed
$300,000
$96/sq ft
May 29, 2018
Listing Removed
—
Public Records
Mar 12, 2018
Sold
*
Public Records
Mar 14, 2008
Sold
*
Public Records
Apr 12, 2007
Sold
*
Public Records
Jun 20, 2003
Sold
*
Public Records
Jun 8, 1993
Sold
*
Public Records
Feb 7, 1990
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$9,938 (−2.4%)
$5,000 + $448,975
$453,975
2024
$10,187 (+3.5%)
$5,000 + $448,975
$453,975
2023
$9,843 (−13.6%)
$5,000 + $429,995
$434,995
2022
$11,398 (+44.7%)
$5,000 + $433,462
$438,462
2021
$7,878 (+1.3%)
$5,000 + $288,064
$293,064
2020
$7,777 (+3.9%)
$2,000 + $281,507
$283,507
2019
$7,484 (+61.6%)
$2,000 + $280,759
$282,759
2018
$4,632 (+2.8%)
$2,000 + $166,378
$168,378
2017
$4,505 (+3.9%)
$2,000 + $159,757
$161,757
2016
$4,337 (+49.7%)
$2,000 + $159,757
$161,757
2015
$2,897 (+1.1%)
$2,000 + $151,115
$153,115
2014
$2,866
$2,000 + $99,000
$101,000
2013
$2,867
$2,000 + $99,000
$101,000
2012
$2,866 (−10.0%)
$2,000 + $99,000
$101,000
2011
$3,184
$2,000 + $99,000
$101,000
2010
$3,183
$2,000 + $110,200
$112,200
Public record
Public record
Zoning
Permits
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
9,079 Sq. Ft.
Year renovated
1986
Sq. Ft.
3,120
Year built
1986
Style
Multi-Family (2-4 Unit)
County
Tarrant County
APN
05843189
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jun 24, 2026.
R2
Townhouse/Cluster District
It is the purpose of the townhouse/cluster (R2) district to provide a specific zone for the development of row houses and townhouses on unique patterned lots clustered around a common access road or cul-de-sac.
Permitted uses
Include but are not limited to:
Community / recreation center
Religious facility
Housing-Single unit
Housing-Multiple units
Public service
Educational/school
Library
Museum / gallery
Golf related
Park & open space
Jun 13, 2013 • Final
Commercial remodel building
Remodel
Permit history is from public records and may be incomplete or inaccurate. Redfin and its agents make no representations about the property condition or permit status. Buyers should independently verify all information.
Property details
Parking
Parking Information
Number Of Parking Spaces: 4
Parking Features: No Garage, Parking Pad
Interior
Virtual Tour
Bathroom Information
Bathrooms Full: 1
Bathrooms Half: 1
Bathrooms Total Decimal: 1.1
Bathrooms Total Integer: 2
Bedroom Information
Bedrooms Total: 2
Heating & Cooling
Cooling: Central Air
Heating: Central
Interior Features
Appliances: Dishwasher, Other
Levels: Two
Flooring: Laminate
Interior Features: Cable TV Available, High Speed Internet Available
Multi-Unit Information
Number Of Buildings: 1
Number Of Units Total: 4
Unit Count: 4
Gross Annual Income: 0.00
Gross Annual Expenses: 0.00
Insurance Expense: 0
Net Operation Income: 0
Exterior
Building Information
Roof: Composition
Construction Materials: Brick, Wood
Foundation Details: Slab
Exterior Features
Fencing: Back Yard
Lot Information
Lot Size Acres: 0.2080
Lot Size Area: 0.2080
Lot Size Square Feet: 9060.4800
Lot Size Units: Acres
Parcel Number: 05843189
RATIO List Price By Lot Size Acr: 2139399.03846
Will Subdivide: No
Property Information
Property Type: Residential Income
Property Sub Type: Quadruplex
Accessibility Features YN: No
Multi Parcel IDYN: No
Property Key: 48439|05843189|1|75067271
Property Match: APN
US Property MUI: 402163916
Building Information
Building Area Total: 3120.00
Building Area Source: Assessor
Year Built: 1986
Year Built Details: Preowned
Smart Home Features Appor Pass Y: No
Financial
Tax Information
Tax Block: 6
Tax Legal Description: COUCH, J T ADDITION BLOCK 6 LOT 20R7
Tax Lot: 20R-7
Unexempt Taxes: 9938
Financial Information
Buyer Financing: VA
Capitalization Rate: 0.00
Loan Type: Treat As Clear
Second Mortgage YN: No
Utilities
Utility Information
Municipal Utility District YN: No
Utilities: City Sewer, City Water, Electricity Available
Location
HOA Information
Association Type: None
School Information
Elementary School: MG Ellis
High School Name: Wyatt Od
Middle School Name: Forest Oak
Primary School Name: MG Ellis
School District: Fort Worth ISD
Location Information
County Or Parish: Tarrant
Country: United States
Directions: GPS
Latitude: 32.68833500
Longitude: -97.26238900
Geocode Confidence: High
Complex Name: Couch J T Add
Subdivision Name: Couch J T Add
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,120
Stories: 2.0
Lot Size: 9,079 square feet
Style: Multi-Family (2-4 Unit)
Year Built: 1986
Year Renovated: 1986
County: Tarrant County
APN: 05843189
Home facts updated by county records on Jun 24, 2026
Originating System Name: North Texas Real Estate Information Systems
Photos Count: 18
Possession: Closing/Funding
Seller Contributions: 10384
Special Listing Conditions: Standard
Standard Status: Closed
Third Party Assistance Program Y: No
Listing Date Information
Days On Market: 86
Cumulative Days On Market: 86
Close Date: 2026-08-27
Purchase Contract Date: 2026-07-13
Expiration Date Option: 2026-08-10
Listing Contract Date: 2026-04-18
Off Market Date: 2026-07-13
Price Change Timestamp: 2026-06-25T10:57:23.150
Status Change Timestamp: 2026-08-27T17:06:56.377
Listing Price Information
Original List Price: 449000.00
Previous List Price: 449000.00
List Price: 444995.00
RATIO Close Price By Lot Size Ac: 2115384.61538
RATIO Current Price By Lot Size: 2115384.61538
Around this home
Schools
W M Green Elementary School
Public PreK-5 • Assigned • 0.8mi
1/10
Forest Oak Middle School
Charter 6-8 • Assigned • 0.9mi
3/10
O D Wyatt High School
Public 9-12 • Assigned • 1.9mi
1/10
Provided by GreatSchools
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