For sale · House · Active

3124 Cherry Lane

3124 Cherry Lane · Fort Worth, TX 76116

$380,000

LIRIX / PHOTOS

A CLOSER LOOK

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6Bedrooms

4Bathrooms

—Living area (units not supplied)

HouseHome type

A closer look.

Texas Cash Flow Duplex Turn Key investment opportunity in Fort Worth's West Side. This beautifully built 2007 duplex features two spacious 3 bed 2 bath units each with attached garage and privacy fenced yard. Whether you're adding to your portfolio or stepping into your first investment property, 3124-3126 Cherry Lane delivers quality construction, strong rental income, and a location that keeps units leased. 3 bed 2 bath per unit 2,236 total sq ft building. Updated luxury vinyl plank flooring throughout living areas of both units - durable, attractive, tenant-approved. Tile in bathrooms and kitchens. 3124 Cherry Lane Lease expires March 2027 rent IS $1395. 3126 Cherry Lane Vacant for Showings listed for lease at $1395. Rents have room to increase at renewal you're buying in below where the market is heading. No HOA your asset, your rules. Very good overall condition this is not a project, it's a performer. New Roof 2023, Electricity and Water separately metered and residents responsibility, Property Taxes 2025 $7,068.50 Annual Insurance 2025 $1,194.33 Why West Fort Worth? Why Now? DFW's growth is shifting west. Western Tarrant and Parker Counties is where land, capital, and corporate expansion are heading as the eastern metro fills up. Investors who position now are buying ahead of the wave. The fundamentals are hard to beat: Anchor employers that don't blink Lockheed Martin, Naval Air Station JRB, Bell Textron, and the West Fort Worth medical corridor keep tenant demand steady year after year. Camp Bowie is booming record-low retail vacancy. Texas tailwinds no state income tax, landlord-friendly laws, sustained population growth. Professionally managed by Turn Key Real Estate Management, LLC a full-service residential property management company serving the DFW Metroplex since 2008. The current management team is happy to continue serving the new owner making for a truly Turn Key investment from day one

Listing ID: 21329758 · Turn Key Real Estate Mgmt LLC · Updated 2026-09-08T19:12:56.010-00:00

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Property details

Listing agent

Name: Scott Richardson
MLS agent ID: 0568809

The listing agent and brokerage represent this listing. Lirix handles inquiries submitted on this site.

Listing activity

Original asking price: $400,000
Cumulative days listed: 60
Listing date: Jul 10, 2026
Price change date: Aug 3, 2026

Current versus original asking price is not a complete price history. Cumulative days may span listing periods.

Home and lot

Year built: 2007
Garage spaces: 2
Subdivision: Broadmoor Add
Lot size: 0.179 acres
Parking: Garage
Pool features: None
Fireplace: No
Fireplaces: 0

Amenities and utilities

Heating: Central
Electric
Cooling: Central Air
Ceiling Fan(s)
Electric
Appliances: Dishwasher
Electric Range
Electric Water Heater
Refrigerator
Interior: Granite Counters
Open Floorplan
Patio / porch: Covered
Patio
Utilities: Sewer Available
Separate Meters
Water Available

Listed schools

Elementary: Westn Hill
Middle / junior high: Leonard
High school: Westn Hill
District: Fort Worth ISD

Schools are reported by the listing source. Verify attendance boundaries and enrollment directly with the district; no ratings or guaranteed assignment are provided.

Reported property tax

Reported by the MLS annual tax: $7,069

Tax year is not supplied. This is reported in the listing information, not a current tax quote or market valuation.

THE AREA IN NUMBERS

Local market snapshot

Fort Worth, TX · Property ZIP 76116

Typical home value

$296,101

-0.1% year over year

ZIP 76116 · Single-family homes

Aug 2026

Typical monthly rent

$1,239

ZIP 76116 · All homes plus multifamily

Aug 2026

Explore home value history

Typical single-family home values for ZIP 76116. Smoothed and seasonally adjusted. Chart range: $296,044–$306,740.

Monthly home value index · ZIP 76116
Month	Typical home value
Sep 2024	$306,740
Oct 2024	$306,579
Nov 2024	$306,276
Dec 2024	$305,800
Jan 2025	$305,064
Feb 2025	$303,992
Mar 2025	$302,658
Apr 2025	$301,284
May 2025	$299,803
Jun 2025	$298,197
Jul 2025	$296,971
Aug 2025	$296,311
Sep 2025	$296,363
Oct 2025	$296,597
Nov 2025	$297,181
Dec 2025	$297,784
Jan 2026	$298,209
Feb 2026	$298,434
Mar 2026	$298,314
Apr 2026	$298,009
May 2026	$297,370
Jun 2026	$296,672
Jul 2026	$296,044
Aug 2026	$296,101

Dallas–Fort Worth market context

Homes for sale

37,227 homes

Dallas–Fort Worth · Single-family homes and condos/co-ops

Aug 2026

Median days to pending

34 days

Dallas–Fort Worth · Single-family homes and condos/co-ops

Aug 2026

Source: Zillow Research. Regional statistics are not this home’s Zestimate, appraisal or sold price. Inventory counts homes listed during the month; days to pending excludes the closing period.

PLAN YOUR POSSIBILITIES

See the path to paid off.

Purchase price ($)Down payment (%)Annual interest rate (%)Loan term

—/ month · principal & interest

Loan amount: —
Total interest: —
Total repayment: —

Illustrative fixed-rate estimate, principal and interest only. The 6.5% starting rate is an example, not a current lender quote. Taxes, insurance, HOA fees, PMI and closing costs are excluded. Not a loan offer. Final payment may vary for rounding.

View amortization schedule