Two-Unit Duplex with
For Sale
$350,000
1104-1106 Mulkey Lane, Denton, TX 76209
Two residences offer open living areas, private laundry access, and outdoor storage closets.
Property Size1,840 SF
Days on Market33
Property Features for 1104-1106 Mulkey Lane
General Information
Standard status
Active
Size
1,840 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$4,446
Building Details
Building Size
1,840 SF
Year Built
1976
Listing Agency:
Repeat Realty, LLC
Listed By:
Jason Labrum · License #0620922
(972) 966-6683
Source:
Sociallivingre
Added: Sep 20
Changed: Oct 10
Last Checked: Oct 21 at 6:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Repeat Realty, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex contains two separate residences, each arranged with two bedrooms, one bathroom, a spacious living room, breakfast area, kitchen, hallway laundry, and a two-car carport with outdoor storage closets. The open layouts provide straightforward connections between the primary living spaces and kitchen areas.
Unit 1104 has received a full interior update that includes a new HVAC system, cabinetry, stainless steel appliances, fresh paint, and luxury vinyl plank flooring. The roof was replaced in 2025. Built in 1976, the property is located in Denton near the University of North Texas and Texas Woman’s University. Interior photographs represent Unit 1104.
Unit 1104 has received a full interior update that includes a new HVAC system, cabinetry, stainless steel appliances, fresh paint, and luxury vinyl plank flooring. The roof was replaced in 2025. Built in 1976, the property is located in Denton near the University of North Texas and Texas Woman’s University. Interior photographs represent Unit 1104.
Key Highlights
- Two‑unit duplex with two bedrooms and one bathroom per residence
- Each side includes a two‑car carport and outdoor storage closets
- Unit 1104 remodeled with new HVAC, cabinets, appliances, paint, and luxury vinyl plank flooring
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,914
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,280
$638.3K
Cap Rate 7%
$455,914
$455.9K
Cap Rate 9%
$354,600
$354.6K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$51.2K $27.84/SF
− Vacancy
−$5.6K −$3.06/SF
EGI
$45.6K $24.78/SF
− OpEx
−$13.7K −$7.43/SF
NOI
$31.9K $17.34/SF
Area
Denton, TX
Vacancy
11.00%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,280
Cap Rate 7%
$455,914
Cap Rate 9%
$354,600
Alternative Uses
Best Use
Multifamily LT 5
$455.9K
$398.9K – $531.9K
NOI $31,914 @ 7.0% cap · market cap 9.12%
Second Best
Apartment 5plus
$399.7K
$349.7K – $466.3K
NOI $27,979 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$574.9K
$503.0K – $670.7K
NOI $40,241 @ 7.0% cap · market cap 11.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
272
Businesses Nearby
Explore this area
Business Placement
Demographics for 76209, TX
28,088
Population
11,403
Households
2.5
Avg Household Size
31
Median Age
38%
College-Educated
90%
High-School Grad
6.7 sq mi
ZIP Area
4,192
Density / Sq Mi
$66,883
Median Household Income
$34,680
Median Earnings
$1,367
Median Rent
$248,900
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residences offer open living areas, private laundry access, and outdoor storage closets.
Where is this duplex located?
The property is located at 1104-1106 Mulkey Lane Denton, TX.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Two‑unit duplex with two bedrooms and one bathroom per residence; Each side includes a two‑car carport and outdoor storage closets; Unit 1104 remodeled with new HVAC, cabinets, appliances, paint, and luxury vinyl plank flooring
