Its 130-acre site is located northeast of downtown Fort Worth at the intersection of North Sylvania Avenue and 28th Street adjacent to the Oakhurst Historic District.

Over 70,000 people are buried at Mount Olivet, including Fort Worth settlers and members of many prominent local families.

Mount Olivet was the first cemetery in the southern United States to offer perpetual care; 25% of the cost of each burial plot went into a reserve fund, whose interest paid for ongoing maintenance of the property.

In 1908, a new road connecting Fort Worth and then-suburb Riverside was built, making the cemetery far more accessible to local residents.

The directors of the Farmers and Mechanics Bank of Fort Worth paid off McPeak's debt and assumed ownership.

[13] Local businessman William J. Bailey acquired Mount Olivet in 1917, and his son, John, became its general manager in 1945.

The original cemetery's articles of incorporation stating that "no negro or person of African descent shall ever be interred on said lots" were found to be illegal and were amended in 1969.