Duplex Build-To-Rent Development

Property Description

RI Marketplace Online Auction June 9-11, 2025

Register to bid on Marketplace:

Marcus & Millichap, in partnership with Real Insight Marketplace, proudly presents 198 Garnet Road, Springtown, Texas-a prime ±8.49-Acre development site. Located just 23 miles from Fort Worth, this property offers investors the opportunity to acquire a development-ready site for build-to-rent duplexes featuring two- and three-bedroom units.

This offering consists of two parcels totaling ±8.49 acres, with convenient access to Highway 199-Just a 30-minute drive to downtown Fort Worth. The property will be conveyed with a clean geotechnical (Geotech) report and architectural plans, providing investors with a shovel-ready opportunity to develop a quadplex community featuring three-bedroom, two-bath units (approximately 1,300 SF each) and two-bedroom, two-bath units (approximately 1,200 SF each). The proposed development features 15 duplex structures, comprising a total of 60 units, with a unit mix of 26 three-bedroom, two-bath units and 34 two-bedroom, two-bath units.

Springtown, Texas, is a growing community just 23 miles from Fort Worth, offering small-town charm with easy access to major employment hubs. Part of the booming DFW Metroplex-home to over 8 million residents-the area benefits from 150,000+ new jobs added annually, a strong business climate, and high real estate demand.

Springtown's median household income exceeds $80,000, and its renter population is steadily increasing, driven by young professionals and families seeking quality housing near Fort Worth via Highway 199. With rising rental demand and Dfw's continued expansion, this shovel-ready development is positioned for strong investment potential.

Lamar P. Fisher

Fisher Auction Company Inc.

License: 10344