Duplex with Fenced
New
For Sale
$375,000
1309 S 5th Avenue, Denison, TX 75021
Both residences feature open layouts, granite finishes, and washer-dryer connections.
Property Size2,556 SF
Days on Market6
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
(305) 998-9922
Source:
Texasliferealestate
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 6 at 8:55AM
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.
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 = 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
$19,593
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
5.22%
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%
$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
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
$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 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%
$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 5.22%
Second Best
Apartment 5plus
$248.1K
$217.1K – $289.5K
NOI $17,369 @ 7.0% cap · market cap 4.63%
Theoretical Best
Hotel Hospitality
$1.31M
$1.15M – $1.53M
NOI $91,786 @ 7.0% cap · market cap 24.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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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 $375,000.
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
