Remodeled Duplex with
New
For Sale
$340,000
1104-1106 Mulkey Lane, Denton, TX 76209
Two-bedroom residences include covered parking, outdoor storage, and an open connection between the living and dining areas.
Property Size1,840 SF
Price / SF$184.78
Days on Market7
Property Features for 1104-1106 Mulkey Lane
General Information
Standard status
Active
Size
1,840 SF
Total Parking Spaces
4
Property subtype
Duplex
Property Condition
Severity
Repairs Needed
Evidence
Unit 1106 with a little updating
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$4,446
Amenities
outdoor storage closets
Building Details
Building Size
1,840 SF
Year Built
1976
Buildings
1
Listing Agency:
Repeat Realty, LLC
Listed By:
Jason Labrum · License #0620922
(972) 966-6683
Source:
Reserve76
Added: Oct 31
Last Checked: Nov 5 at 9:29AM
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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Investment Insights
Based on property information with market context.
This 1,840-square-foot duplex contains two units, each arranged with two bedrooms and one bathroom. Both sides have a two-car carport and exterior storage closets. The open layout connects a spacious living room with the breakfast area and kitchen, while the laundry area sits in the hall near the bedrooms.
Unit 1104 has been updated with new HVAC, cabinetry, stainless steel appliances, fresh paint, and luxury vinyl plank flooring. The roof was replaced in 2025. The property is in Denton, minutes from the University of North Texas and Texas Woman's University.
Unit 1104 has been updated with new HVAC, cabinetry, stainless steel appliances, fresh paint, and luxury vinyl plank flooring. The roof was replaced in 2025. The property is in Denton, minutes from the University of North Texas and Texas Woman's University.
Key Highlights
- Two‑unit duplex totaling 1,840 square feet
- Each unit has 2 bedrooms and 1 bathroom
- Two‑car carport and outdoor storage closets for each side
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$27,979
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,580
$559.6K
Cap Rate 7%
$399,700
$399.7K
Cap Rate 9%
$310,878
$310.9K
Market Conditions
NOI Build-Up for 1,840 SF
Gross rent
$57.0K $30.96/SF
− Vacancy
−$6.1K −$3.31/SF
EGI
$50.9K $27.65/SF
− OpEx
−$22.9K −$12.44/SF
NOI
$28.0K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$559,580
Cap Rate 7%
$399,700
Cap Rate 9%
$310,878
Alternative Uses
Best Use
Multifamily LT 5
$455.9K
$398.9K – $531.9K
NOI $31,914 @ 7.0% cap · market cap 9.39%
Second Best
Apartment 5plus
$399.7K
$349.7K – $466.3K
NOI $27,979 @ 7.0% cap · market cap 8.23%
Theoretical Best
Office A
$574.9K
$503.0K – $670.7K
NOI $40,241 @ 7.0% cap · market cap 11.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
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-bedroom residences include covered parking, outdoor storage, and an open connection between the living and dining areas.
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 $340,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,840 square feet; Each unit has 2 bedrooms and 1 bathroom; Two‑car carport and outdoor storage closets for each side
