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    Two-Unit Duplex Investment Title is generated by Realmo AI

    312 E Day Street, Denison, TX 75021

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    For Sale
    $395,000

    MULTI_FAMILY - Denison, TX

    Lot size:
    0.17 Acres
    Added:
    Mar 21, 2026
    Days on Market:
    77
    Last Refresh:
    Jun 5 at 10:06 pm

    Property Features for 312 E Day Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bedroom 2, Bedroom 4, Bathroom 6, Bathroom 2, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 6, Bedroom 3
    Parking
    4
    Parking features
    Covered, Driveway, Garage
    Interior features
    DecorativeDesignerLightingFixtures, GraniteCounters, WalkInClosets
    Fencing
    Fenced, Privacy
    Appliances
    Dishwasher, ElectricRange, Disposal, Microwave
    Standard status
    Active
    APN
    146244
    Lot size
    0.17 Acres

    Taxes and HOA fees

    Tax Description
    DUMAS J P ADDN, BLOCK 9, LOT 5, ACRES .1722
    Tax Annual Amount
    7773

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric
    Water source
    Public

    Building Details

    Year built
    2021
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Laminate
    Roof type
    Shingle

    We can help!

    Listing Contact
    Maureen Kane

    Listing agent Maureen Kane License #0733572

    Listing office PARAGON, REALTORS Sherman, TX

    Listing date Mar 21, 2026

    MLS# 21151024 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Two‑story duplex built in 2021: 2 units, each with 3 bedrooms and 2.5 baths
    • Unit 312 was previously leased for $1,545/month through June 2025; Unit 314 is owner‑occupied and vacant is noted for 312
    • Each unit features an open living‑dining layout and a kitchen with ample storage
    • Interior highlights include granite counters, walk‑in closets, designer lighting fixtures, and laminate flooring
    • Central electric HVAC with ceiling fans; public water and public sewer connected
    • Parking includes a garage plus covered parking and driveway; privacy fencing and fenced yard

    Overview

    This two-story duplex offers two separate residential units with matching three-bedroom, two-and-a-half-bath floorplans. Each unit features laminate flooring and an open living-dining layout, along with a kitchen that provides ample storage. Upstairs, each unit includes three bedrooms and a primary suite with a private bath, plus an additional full bath and a convenient half bath downstairs. Unit 314 is owner-occupied, and Unit 312 is currently vacant; Unit 312 was previously leased for $1,545 per month through June 2025.

    The property is located in Denison, minutes from downtown Denison, about 10 minutes to Lake Texoma, and roughly 30 minutes to Choctaw Casino. Access is described as easy via major roads, supporting convenient day-to-day connectivity for residents.

    With one unit already occupied and the other available for immediate showing, the duplex may appeal to investors seeking rental income while maintaining an on-site ownership presence. The current vacancy in Unit 312 offers an opportunity to re-lease the unit following the prior term through June 2025, while the shared layout can simplify operations and future leasing. Photos are of Unit 312, with Unit 314 described as the same floorplan flipped with similar furnishings.
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.531791
    Latitude
    33.747881

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    FAQs

    What type of property is this?
    Multifamily property - Two-story duplex with two 3-bedroom, 2.5-bath units and strong rental history potential.
    Where is this multifamily property located?
    The property is located at 312 E Day Street Denison, TX.
    What is the asking price?
    The asking price for this property is $395,000.
    What are key features of this property?
    This property features: Two‑story duplex built in 2021: 2 units, each with 3 bedrooms and 2.5 baths; Unit 312 was previously leased for $1,545/month through June 2025; Unit 314 is owner‑occupied and vacant is noted for 312; Each unit features an open living‑dining layout and a kitchen with ample storage
    (903) 893-8174
    We can help!
    Listing Contact
    Maureen Kane
    Real Estate License ID: 0733572
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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