INCOME-PRODUCING RIVER DISTRICT LAND PLAY Don't just buy land...buy INCOME-PRODUCING land! This 4,879 SF lot in Fort Worth's hottest neighborhood includes a habitable 660 SF rental that was generating $850-month. THREE WAYS TO WIN: PATH 1 - CASH FLOW: Rent as-is, break even on mortgage, build equity PATH 2 - VALUE-ADD: Invest $12,500, boost rent to $1,200-month, refinance at $205K PATH 3 - ASSEMBLAGE: Collect rent while positioning for developer premium in 3-property assemblage THE NUMBERS: •Land Value: $112,600 •Current Income: $850-month ($10,200-year) •Post-Renovation Income: $1,200-month ($14,400-year) •Development Potential: 4-plex or large single-family LOCATION: River District—Fort Worth's fastest-growing corridor. Median home price: $512K (this is 67% less). Adjacent to $185K vacant lot. Connected to Trinity Trails. PROPERTY: 660 SF, 2 bed-2 bath, solid cinder block (1940). Habitable, rentable condition. 4,879 SF lot with 13.5% coverage—massive development potential. IDEAL FOR: •First-time investors with clear entry point •BRRRR investors seeking value-add •Developers assembling parcels •Portfolio builders adding River District exposure INVESTMENT HIGHLIGHTS: Multiple exit strategies reduce risk. Income from day one. Land value provides equity cushion. High-growth location. Request pro forma analysis and assemblage details. Priced to sell in 30 days.
Riverbend Trinity Trails, located between the Trinity River and University Drive, is a trail-oriented and riverfront Fort Worth neighborhood with shaded greenbelts and low-slung residential streets. The neighborhood’s character concentrates around the trailheads and river crossings near University Drive and the Trinity Trails, where cyclists, runners, and dog-walkers stream past pocket parks and river overlooks. Housing leans contemporary and townhome-forward, with clean lines and balconies angled toward the trees. Days often revolve around the water, with kayaks and rowing shells sliding by near Panther Island. Cultural gravity sits close by at the Modern Art Museum of Fort Worth, the Kimbell Art Museum, and the Amon Carter Museum of American Art. The result feels outdoors-first, with museum-district polish and a calm, landscaped pace.
Provided by Walk Score and Local Logic
Market insights
5002 Scott Rd · $149,900
DAYS ON MARKET
159 days
The average home goes pending in 36 days.
SALE-TO-LIST
98.5%
Most homes are selling 2% below list price.
LIST PRICE
$149,900
Median sale price in this area is $359,046. (140% higher than this home)
PRICE DROP
1 price drop
27% of homes in this area have had a price drop in the past month.
Property details
Interior
Exterior
Finance
Interior features
Cable TV available
One living area
Two total rooms
Bedrooms
1 bedroom (primary bedroom on level 1)
Bathrooms
1 full bathroom
Kitchen
Electric cooktop
Exterior features
Yard on a lot under 0.5 acre (approximately 0.112 acre)
Subdivision: Deavers Add
Maps app will locate home
Home design
Single family residence (attached)
One level
Built in 1940
Parking
2-space carport
Driveway
Construction
Built in 1940
Utilities
City sewer
City water
Natural gas available
Not in a municipal utility district
HOA & community
No association
Financial info
Listing status: Active
Listing type: For Sale
Listing agreement: Exclusive right to sell
Electricity and solar
View estimated energy costs and solar savings for this home
It is the purpose of the two-family (B) district to provide a specific zone for the development of a maximum of two dwelling units upon a single lot and such uses accessory thereto.
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
Local insights from Redfin agents
There’s an energetic feel here, with shopping and dining at Alliance Town Center and plenty of room to enjoy the outdoors. Arcadia Trail Park brings creekside scenery and miles of trails, creating a nice balance of everyday convenience and open...