Duplex with Fenced
For Sale
$365,000
1309 S 5th Avenue, Denison, TX 75021
Both residences feature open layouts, granite finishes, and washer-dryer connections.
Property Size2,556 SF
Days on Market58
Property Features for 1309 S 5th Avenue
General Information
Standard status
Active
Size
2,556 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,755
Amenities
epoxy concrete flooring
ceiling fans
faux wood blinds
open bar area
shaker-style cabinetry
granite countertops
full-size washer and dryer connections
fenced backyard
Building Details
Building Size
2,556 SF
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
OmniKey Realty, LLC.
Listed By:
Bernard Bell · License #0718117
(954) 588-8484
Source:
Texasliferealestate
Added: Sep 2
Changed: Oct 25
Last Checked: Oct 28 at 3:20PM
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 OmniKey Realty, LLC.
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains two residences, with each side offering 3 bedrooms, 2.5 bathrooms, and 1,224 SF. The interiors combine polished concrete flooring with open living areas, ceiling fans, faux wood blinds, and kitchens equipped with shaker cabinetry, granite countertops, and open serving bars. Each residence also includes full-size washer and dryer connections and a fenced backyard.
The property is located at 1309 S 5th Avenue in Denison, with shopping, dining, and major roadways nearby. Both units are leased: Unit 1309 through 7-1-27 and Unit 1311 through 7-23-27.
The property is located at 1309 S 5th Avenue in Denison, with shopping, dining, and major roadways nearby. Both units are leased: Unit 1309 through 7-1-27 and Unit 1311 through 7-23-27.
Key Highlights
- Two‑unit duplex built in 2022
- Each side includes 3 bedrooms, 2.5 bathrooms, and 1,224 SF
- Both units are leased through 7‑1‑27 and 7‑23‑27
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,593
Cap Rate
5.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,860
$391.9K
Cap Rate 7%
$279,900
$279.9K
Cap Rate 9%
$217,700
$217.7K
Market Conditions
NOI Build-Up for 2,556 SF
Gross rent
$31.6K $12.36/SF
− Vacancy
−$3.6K −$1.41/SF
EGI
$28.0K $10.95/SF
− OpEx
−$8.4K −$3.29/SF
NOI
$19.6K $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 Rate 5%
$391,860
Cap Rate 7%
$279,900
Cap Rate 9%
$217,700
Alternative Uses
Best Use
Multifamily LT 5
$279.9K
$244.9K – $326.6K
NOI $19,593 @ 7.0% cap · market cap 5.37%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 4.76%
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,786 @ 7.0% cap · market cap 25.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Explore this area
Business Placement
Demographics for 75021, TX
8,288
Population
3,871
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
58.4 sq mi
ZIP Area
142
Density / Sq Mi
$67,159
Median Household Income
$36,955
Median Earnings
$900
Median Rent
$188,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences feature open layouts, granite finishes, and washer-dryer connections.
Where is this duplex located?
The property is located at 1309 S 5th Avenue Denison, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2022; Each side includes 3 bedrooms, 2.5 bathrooms, and 1,224 SF; Both units are leased through 7‑1‑27 and 7‑23‑27
