Updated Duplex with Private
For Sale
$695,000
3305-3307 Hilltop Lane, Plano, TX 75023
Two residences share a backyard pool, solar panels, and contemporary kitchen and bath improvements.
Property Size2,651 SF
Price / SF$262.17
Days on Market48
Property Features for 3305-3307 Hilltop Lane
General Information
Standard status
Active
Size
2,651 SF
Property subtype
Duplex
Additional Details
Public Transit
Yes
Multifamily Units
2
Amenities
pool
solar panels
hot tub
Building Details
Year Built
1982
Buildings
1
Listing Agency:
Keller Williams Rockwall
(972) 772-7000
Listed By:
Tesha Shannon · License #0740676
(469) 765-6334
Source:
Lonestarluxuryrealty
Added: Aug 21
Changed: Sep 26
Last Checked: Oct 5 at 7:38PM
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 Keller Williams Rockwall
Investment Insights
Based on property information with market context.
This full duplex at 3305 & 3307 Hilltop Lane contains 2,651 square feet with six bedrooms and four baths across the two residences. Built in 1982, the property has been updated with refreshed kitchens, contemporary appliances, upgraded vanities, smart mirrors, and modern fixtures. A private pool serves the backyard, while solar panels add an energy-conscious feature. Included items consist of two refrigerators, a washer and dryer, and a hot tub at 3305, plus a refrigerator at 3307.
Unit 3307 is occupied by a tenant. The property is near a transit bus line and a rail line, with Plano Senior High School less than a mile away. Jack Carter Dog Park, shopping, dining, and entertainment are also nearby. The duplex offers separate residences for an income-producing arrangement or multi-generational living.
Unit 3307 is occupied by a tenant. The property is near a transit bus line and a rail line, with Plano Senior High School less than a mile away. Jack Carter Dog Park, shopping, dining, and entertainment are also nearby. The duplex offers separate residences for an income-producing arrangement or multi-generational living.
Key Highlights
- Full duplex with 2,651 square feet, six bedrooms, and four baths
- 3307 is currently occupied by a tenant
- Private backyard pool and solar panels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,740
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,800
$854.8K
Cap Rate 7%
$610,571
$610.6K
Cap Rate 9%
$474,889
$474.9K
Market Conditions
NOI Build-Up for 2,651 SF
Gross rent
$68.4K $25.80/SF
− Vacancy
−$7.3K −$2.77/SF
EGI
$61.1K $23.03/SF
− OpEx
−$18.3K −$6.91/SF
NOI
$42.7K $16.12/SF
Area
Plano, TX
Vacancy
10.73%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,800
Cap Rate 7%
$610,571
Cap Rate 9%
$474,889
Alternative Uses
Best Use
Multifamily LT 5
$610.6K
$534.3K – $712.3K
NOI $42,740 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,264 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
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Business Placement
Demographics for 75023, TX
46,777
Population
19,621
Households
2.4
Avg Household Size
40
Median Age
55%
College-Educated
94%
High-School Grad
9.2 sq mi
ZIP Area
5,084
Density / Sq Mi
$106,488
Median Household Income
$58,070
Median Earnings
$1,897
Median Rent
$385,800
Median Home Value
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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 - Two residences share a backyard pool, solar panels, and contemporary kitchen and bath improvements.
Where is this duplex located?
The property is located at 3305-3307 Hilltop Lane Plano, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Full duplex with 2,651 square feet, six bedrooms, and four baths; 3307 is currently occupied by a tenant; Private backyard pool and solar panels
