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Property Description
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.
Full Property Details
Full Property Details for 5002 Scott Rd
General
- Taxes: $3,792
- Status: Closed
- Type: Single Family
- Source: NTREIS
- MLS ID: 21200618
- Added to Site: 239 day(s) ago
Interior
- Interior Features: Cable TV
- Appliances: Electric Cooktop
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
Parking
- Carports: Yes
- Carport Spaces: 2
- Parking Features: Driveway
Location
- County: Tarrant
- Subdivision: Deavers Add
- Driving Directions: Maps App will locate home
School Information
- Elem School District: Castleberry ISD
- Midd School District: Castleberry ISD
- High School District: Castleberry ISD
- Elementary School: Cato
- Middle School: Marsh
- High School: Castleberr
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Natural Gas Available, Sewer Available, Water Available, Cable Available
Structural Information
- Architectural Style: Detached
- Structure Type: House
- Detached/Attached: Attached
- Stories/Levels: 1
- Living Area: 660 Sq. Ft.
- Year Built: 1940
Lot Features
- Lot Size (Acres): 0.112
- Lot Size (Sq. Ft.): 4,878.72
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $3,792
Disclosures and Reports
- Legal Description: DEAVERS ADDITION-FORT WORTH BLOCK 1 LOT 16A
- Property ID: 5866200
- Block: 1
- Lot Number: 16A
Listed by Elite Real Estate Texas, Bobby Minor
Sold by Non Mls, Unrepresented Buyer
Get Pre-Approved Today
Schools
Schools serving 5002 Scott Rd
School District:Castleberry Independent School District
| Name | Grades | Distance |
|---|---|---|
A V Cato Elementary School 4501 Barbara Road, Fort Worth, TX 76114 | PK-5 | 1.2 mi |
Castleberry High School 215 Churchill Rd, Fort Worth, TX 76114 | 9-12 | 0.6 mi |
Marsh Middle School 415 Hagg Dr, Fort Worth, TX 76114 | 6-8 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
5002 Scott Road, Fort Worth, TX 76114 (MLS# 21200618) is a Single Family property that was sold on August 31, 2026. Want to learn more about 5002 Scott Road? Do you have questions about finding other Single Family real estate for sale in Fort Worth? You can browse all Fort Worth real estate or contact a Coldwell Banker agent to request more information.

