Income Duplex with Two
119 Vandenburg Drive Denison, TX 75020
For Sale
$189,000
Duplex with two 2-bedroom, 1-bath units, each with an attached carport and durable flooring.
Property Size2,247 SF
Price / SF$84.11
Days on Market100
Property Features for 119 Vandenburg Drive
General Information
- Standard status
- Active
- Size
- 2,247 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1945
Listing Agency:
eXp Realty LLC
(903) 422-1558
Listed By:
Kaylee Wood · License #0792362
(903) 422-1558
Source:
Compass
Added: Apr 15
Changed: Jul 23
Last Checked: Jul 23 at 12:27PM
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 eXp Realty LLC
Investment Insights
Based on property information with market context.
This income-producing duplex includes two well-maintained units, and each side features two bedrooms and one bathroom. Flooring consists of a combination of hardwood and luxury vinyl plank. Each unit also has an attached carport, and the property includes a fenced backyard for added functionality.
The property is located at 119 Vandenburg Drive in Denison, TX 75020. Public remarks indicate the duplex is part of a larger portfolio, and additional properties may be available through the listing agent.
As configured, the building provides a straightforward two-unit rental setup with practical indoor layout features and outdoor space supported by the fenced backyard.
The property is located at 119 Vandenburg Drive in Denison, TX 75020. Public remarks indicate the duplex is part of a larger portfolio, and additional properties may be available through the listing agent.
As configured, the building provides a straightforward two-unit rental setup with practical indoor layout features and outdoor space supported by the fenced backyard.
Key Highlights
- Income‑producing 2‑unit duplex built in 1945
- Each unit has 2 bedrooms and 1 bathroom
- Attached carport for each unit
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.8k | $12.36 |
| − Vacancy | −$3.2k | −$1.41 |
| EGI | $24.6k | $10.95 |
| − OpEx | −$7.4k | −$3.29 |
| NOI | $17.2k | $7.67 |
2,247 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$246.1K
$215.3K – $287.1K
NOI $17,225 @ 7.0% cap · market cap 9.11%
Second Best
Apartment 5plus
$218.1K
$190.9K – $254.5K
NOI $15,269 @ 7.0% cap · market cap 8.08%
Theoretical Best
Hotel Hospitality
$1.15M
$1.01M – $1.34M
NOI $80,690 @ 7.0% cap · market cap 42.69%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units, each with an attached carport and durable flooring.
Where is this duplex located?
The property is located at 119 Vandenburg Drive Denison, TX.
What is the asking price?
The asking price for this property is $189,000.
What are key features of this property?
This property features: Income‑producing 2‑unit duplex built in 1945; Each unit has 2 bedrooms and 1 bathroom; Attached carport for each unit
