Fully Functional Duplex Townhome
For Sale
$530,000
3060 W Crawford Street 601/602, Denison, TX 75020
Duplex units 601 and 602 feature 3 bedrooms, 2.5 baths, and private 2-car garages with modern interior finishes.
Property Size2,795 SF
Days on Market50
Property Features for 3060 W Crawford Street 601/602
General Information
Standard status
Active
Size
2,795 SF
Total Parking Spaces
4
Property subtype
Duplex
Additional Details
Highway Access
Yes
Clear Height
9 ft
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$42,103
Building Details
Building Size
2,795 SF
Year Built
2021
Tenancy
Multi
Listing Agency:
Real Broker, LLC
Listed By:
Jeff Dowden · License #0663053
(512) 960-3253
Source:
Texasliferealestate
Added: Jul 23
Changed: Sep 9
Last Checked: Sep 10 at 6:11AM
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
Units 601 and 602 at Westlake Townhomes comprise a fully functional duplex offering 3 bedrooms and 2.5 baths per unit. Each unit includes a private 2-car garage and modern finishes throughout, including nine-foot ceilings, stone countertops, and stainless appliances.
The property is located near the planned Waterloo Lake Trail System and just minutes from Downtown Denison. Quick access to U.S. Highway 75 provides convenient connectivity for tenants and occupants.
As configured, the duplex presents two separate, well-appointed residences within the same community setting, suited to an owner seeking a traditional long-term rental strategy or an owner-occupant approach.
The property is located near the planned Waterloo Lake Trail System and just minutes from Downtown Denison. Quick access to U.S. Highway 75 provides convenient connectivity for tenants and occupants.
As configured, the duplex presents two separate, well-appointed residences within the same community setting, suited to an owner seeking a traditional long-term rental strategy or an owner-occupant approach.
Key Highlights
- Year built 2021 duplex with two units: 601 and 602 at Westlake Townhomes
- Each unit offers 3 bedrooms and 2.5 bathrooms
- Each unit includes a private 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,426
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,520
$428.5K
Cap Rate 7%
$306,086
$306.1K
Cap Rate 9%
$238,067
$238.1K
Market Conditions
NOI Build-Up for 2,795 SF
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.
Gross rent
$34.5K $12.36/SF
− Vacancy
−$3.9K −$1.41/SF
EGI
$30.6K $10.95/SF
− OpEx
−$9.2K −$3.29/SF
NOI
$21.4K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$428,520
Cap Rate 7%
$306,086
Cap Rate 9%
$238,067
Alternative Uses
Best Use
Multifamily LT 5
$306.1K
$267.8K – $357.1K
NOI $21,426 @ 7.0% cap · market cap 4.04%
Second Best
Apartment 5plus
$271.3K
$237.4K – $316.6K
NOI $18,993 @ 7.0% cap · market cap 3.58%
Theoretical Best
Hotel Hospitality
$1.43M
$1.25M – $1.67M
NOI $100,368 @ 7.0% cap · market cap 18.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
9 ft
Clear height
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Duplex units 601 and 602 feature 3 bedrooms, 2.5 baths, and private 2-car garages with modern interior finishes.
Where is this duplex located?
The property is located at 3060 W Crawford Street 601/602 Denison, TX.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Year built 2021 duplex with two units: 601 and 602 at Westlake Townhomes; Each unit offers 3 bedrooms and 2.5 bathrooms; Each unit includes a private 2‑car garage
