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    Denison Townhome Portfolio Opportunity Title is generated by Realmo AI

    705 W Crawford Street, Denison, TX 75020

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    Claim this Listing
    For Sale
    $928,000

    Six connected townhomes with remodeling and value-add potential in Denison.

    Type:Commercial
    Property size:
    7,508 SF
    Price / SF:
    $123/SF
    Added:
    Apr 22, 2026
    Days on Market:
    60
    Last Refresh:
    Apr 22 at 5:31 pm

    Property Features for 705 W Crawford Street

    General Information

    Standard status
    Active
    Size
    7,508 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1990

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    Listing Contact
    Kathy Spillyards

    Listing agent Kathy Spillyards

    Listing office Integrity Plus Realty LLC

    Listing date Apr 22, 2026

    Source Signaturere

    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 Integrity Plus Realty LLC

    HighLights

    • Six connected townhomes offered as a single purchase, a rare opportunity.
    • Five units are fully remodeled with updated flooring, paint, and appliances.
    • Immediate rental income from five leased units.
    • Value‑add potential from one unit operating at a lower rate.
    • Prime location near schools, football field, and revitalizing downtown Denison.
    • Professionally managed, turnkey investment.

    Overview

    This offering presents a unique opportunity to acquire six connected townhomes located in Denison, TX. Five of the units have been fully remodeled, featuring updated flooring, paint, and appliances. The remaining unit presents a value-add opportunity, currently operating at a lower rate. The property is professionally managed by a local company, offering a turnkey investment. Each townhome includes a large two-car garage. Five units feature 2 bedrooms and 2.5 bathrooms, while one larger unit includes 3 bedrooms and 3.5 bathrooms. The 3-bedroom unit is currently vacant and available for lease. All five 2-bedroom units are leased. The property's location is near schools, the football field, and a revitalizing downtown area. The property is suitable for an owner occupant looking to generate rental income from the other five units. The complex is positioned for long-term growth due to growing rental demand in Denison.

    Local Financial Insights For Apartment 5plus

    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 $105.4k $14.04
    − Vacancy −$12.6k −$1.68
    EGI $92.8k $12.36
    − OpEx −$41.7k −$5.56
    NOI $51.0k $6.80
    7,508 SF · lease $14.04/SF/yr · vacancy 12.00% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $728.9K
    $637.8K – $850.3K (±1% cap)
    NOI $51,020 @ 7.0% cap · market cap 5.50%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Hotel Hospitality
    $3.85M
    $3.37M – $4.49M (±1% cap)
    NOI $269,612 @ 7.0% cap · market cap 29.05%
    Zoning and permitted uses should be independently verified with local authorities.
    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
    -96.545204
    Latitude
    33.75399

    FAQs

    What type of property is this?
    Multifamily property - Six connected townhomes with remodeling and value-add potential in Denison.
    Where is this multifamily property located?
    The property is located at 705 W Crawford Street Denison, TX.
    What is the asking price?
    The asking price for this property is $928,000.
    What are key features of this property?
    This property features: Six connected townhomes offered as a single purchase, a rare opportunity.; Five units are **fully remodeled with updated flooring, paint, and appliances.**; **Immediate rental income from five leased units.**
    More about this property
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