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.
Highland Homes, located between I-30 and Camp Bowie Blvd, is a residential and historic Fort Worth neighborhood with brick bungalows and a tree-lined street grid. The neighborhood’s character concentrates around the Camp Bowie Blvd and Montgomery St corridor, where galleries, coffee counters, and chef-driven dining set a polished, walkable rhythm. Nearby anchors like the Modern Art Museum of Fort Worth, Kimbell Art Museum, and Casa Mañana shape a culture-forward backdrop. Side streets read as early-20th-century, with deep porches and mature shade. Trinity Park and the river trails add a daily outdoor loop. Downtown sits just east, keeping commutes and evenings in close reach.
Provided by Walk Score and Local Logic
Offer insights
7504 Chapin Rd · $650,000
$650K and above
75% chance or better to win
Why $650K+ is a strong offer
DAYS ON MARKET
21 days
The average home goes pending in 27 days.
SALE-TO-LIST
95.7%
Most homes are selling 4% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Kitchen
Bathroom
Living
Interior features
Other interior features
Living room wood-burning fireplace
Bedrooms
8 total bedrooms
Bathrooms
8 total bathrooms (4 full, 4 half)
Kitchen
Dishwasher
Disposal
Electric range
Refrigerator
Electric water heater
Laundry & utility
Washer/dryer connections (electric water heater noted)
Flooring
Carpet
Tile
Vinyl
Heating & cooling
Electric heating
Central air conditioning
Ceiling fans
Electric cooling components
Exterior features
Alley access
City water
City sewer
Home design
Quadruplex residential income property
Two levels
Single building (4 units)
Parking
Carport (1 carport space)
4 parking spaces total
Construction
Brick and siding exterior
Composition roof
Slab foundation
Built in 1984
Utilities
City water
City sewer
No municipal utility district
HOA & community
No association
Financial info
Gross annual income: $61,200
Reported gross annual expenses: $1
Insurance expense listed as $1
Net operating income listed as $1
Treat as clear loan type
No second mortgage
No special taxing entities
Other
Parcel number 04813235
Subdivision: Highland Homes Add
Electricity and solar
View estimated energy costs and solar savings for this home
Multi-family four-plex located in Highland Homes perfect for an investor looking to house hack. Two units have been completely updated with neutral paint, fixtures, carpet and flooring throughout and much more. Upgrade list is available upon request. Kitchens has been updated with granite in 1 unit, stainless sink and new appliances within the last 2 years. Bathrooms have been updated with granite in 1 unit, fixtures and hardware. 3 units are occupied. Two HVAC's have been replaced in the last 3 years. Landlord pays - Dumpster $100 monthly, Water $150 approx, Lawncare provided by tenant $50 month credit. Room to increase rent on 1 unit, lease agreements renew Sept 24', Unit has not been updated at all. AGGRESIVELY PRICED TO SELL. $5000 towards closing cost for buyer.
BUILDIUM #1
Jul 5, 2024
Rental Removed
$1,275
$0/sq ft
May 10, 2024
Listed for Rent
$1,275
$0/sq ft
Feb 2, 2024
Rental Removed
$1,195
$0/sq ft
Dec 15, 2023
Listed for Rent
$1,195
$0/sq ft
NTREIS #20356083
Sep 14, 2023
Contingent
—
Sep 13, 2023
Listing Removed
—
Aug 14, 2023
Contingent
—
Jul 5, 2023
Price Changed
$610,000
$142/sq ft
Jun 24, 2023
Contingent
—
Jun 16, 2023
Listed
$635,000
$148/sq ft
Public Records
Jan 14, 2022
Sold
*
NTREIS #14699720
Jan 14, 2022
Sold
*
Dec 13, 2021
Pending
—
Nov 23, 2021
Contingent
—
Nov 16, 2021
Listed
$500,000
$116/sq ft
Public Records
May 10, 2018
Sold
*
NTREIS #13802552
May 7, 2018
Sold
*
Apr 17, 2018
Pending
—
Mar 30, 2018
Contingent
—
Mar 26, 2018
Listed
$319,990
$74/sq ft
Public Records
Jun 13, 2017
Sold
*
Public Records
Jan 25, 2012
Sold
*
NTREIS #11506150
Nov 17, 2010
Listed
$110,000
$26/sq ft
Public Records
Oct 25, 2010
Sold
*
Public Records
Feb 6, 2006
Sold
*
Public Records
Aug 7, 2001
Sold
*
Public Records
Jun 16, 2000
Sold
*
Public Records
Sep 17, 1990
Sold
*
Public Records
Aug 26, 1984
Sold
*
Year
Property tax
Land + Additions
Assessment*
2025
$10,590 (−7.2%)
$25,000 + $458,760
$483,760
2024
$11,416 (−6.0%)
$25,000 + $483,760
$508,760
2023
$12,143 (+34.9%)
$25,000 + $511,648
$536,648
2022
$8,998 (−4.0%)
$25,000 + $321,147
$346,147
2021
$9,375 (+4.5%)
$25,000 + $323,758
$348,758
2020
$8,967 (+6.1%)
$25,000 + $301,891
$326,891
2019
$8,448 (+31.1%)
$25,000 + $294,183
$319,183
2018
$6,446 (+0.8%)
$25,000 + $209,317
$234,317
2017
$6,397 (+34.8%)
$25,000 + $204,698
$229,698
2016
$4,745 (+0.8%)
$25,000 + $204,698
$229,698
2015
$4,707 (+1.1%)
$25,000 + $142,498
$167,498
2014
$4,657 (+6.0%)
$24,700 + $139,400
$164,100
2013
$4,394 (+32.3%)
$24,700 + $139,400
$164,100
2012
$3,320 (−13.3%)
$24,700 + $130,100
$154,800
2011
$3,831 (+0.4%)
$24,700 + $92,300
$117,000
2010
$3,816
$24,700 + $110,300
$135,000
Public record
Public record
Zoning
Beds
8
Baths
8
Stories
2
Lot width
—
Lot depth
—
Lot size
0.28 Acres
Year renovated
1984
Finished Sq. Ft.
4,298
Unfinished Sq. Ft.
—
Total Sq. Ft.
4,298
Year built
1984
Style
Multi-Family (2-4 Unit)
County
Tarrant County
APN
04813235
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Sep 18, 2026.
E
AO-CUZ
Neighborhood Commercial District
The purpose of the neighborhood commercial (E) district is to provide areas for neighborhood-serving commercial, institutional and office uses.
Zone overlays
NASJRB AIRPORT OVERLAY COMPATIBLE USE ZONE II
Permitted uses
Include but are not limited to:
Gas station
Convenience store
Day care facility
General retail
Restaurant
Hospital / medical center
Housing-Senior
Housing-Student
Bed & breakfast
Office
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