Duplex with Attached
New
For Sale
$430,000
1408/1410 White Way, McKinney, TX 75069
One residence is occupied by a tenant, while the other is vacant and available for lease or owner occupancy.
Property Size2,229 SF
Price / SF$192.91
Days on Market6
Property Features for 1408/1410 White Way
General Information
Standard status
Active
Size
2,229 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
1 x 1BR/1BA, 1 x 1BR/2BA
Multifamily Units
2
Building Details
Year Built
1983
Tenancy
Single
Listing Agency:
Real Broker, LLC
Listed By:
K.C. McKeown 509-551-4884 · License #0690463
(512) 960-3253
Source:
Easttxhomesforsale
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 5 at 7:00PM
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.
This 2,229-square-foot duplex, built in 1983, contains two separate residences: one with 1 bedroom and 1 bathroom, and another with 1 bedroom and 2 bathrooms. Each residence has an attached one-car garage. One side is tenant occupied; the other is vacant. The vacant residence has a single-story layout, a large pantry, French doors leading from the dining area to the backyard, and tile and hard-surface flooring. The property also includes a fenced backyard with mature trees.
The duplex is in McKinney’s 75069 area, minutes from Historic Downtown McKinney and near shopping, dining, entertainment, and major roadways. Three duplexes are available side by side, either individually or together.
The duplex is in McKinney’s 75069 area, minutes from Historic Downtown McKinney and near shopping, dining, entertainment, and major roadways. Three duplexes are available side by side, either individually or together.
Key Highlights
- 2,229‑square‑foot duplex built in 1983
- Two residences: one with 1 bedroom and 1 bathroom; the other with 1 bedroom and 2 bathrooms
- One side is tenant occupied; the other is vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,755
Cap Rate
9.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,100
$775.1K
Cap Rate 7%
$553,643
$553.6K
Cap Rate 9%
$430,611
$430.6K
Market Conditions
NOI Build-Up for 2,229 SF
Gross rent
$78.9K $35.40/SF
− Vacancy
−$8.4K −$3.79/SF
EGI
$70.5K $31.61/SF
− OpEx
−$31.7K −$14.23/SF
NOI
$38.8K $17.39/SF
Area
McKinney, TX
Vacancy
10.70%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,100
Cap Rate 7%
$553,643
Cap Rate 9%
$430,611
Alternative Uses
Best Use
Multifamily LT 5
$626.1K
$547.8K – $730.4K
NOI $43,826 @ 7.0% cap · market cap 10.19%
Second Best
Apartment 5plus
$553.6K
$484.4K – $645.9K
NOI $38,755 @ 7.0% cap · market cap 9.01%
Theoretical Best
Office A
$626.7K
$548.3K – $731.1K
NOI $43,867 @ 7.0% cap · market cap 10.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,043
Businesses Nearby
Explore this area
Business Placement
Demographics for 75069, TX
39,084
Population
16,958
Households
2.3
Avg Household Size
38
Median Age
37%
College-Educated
88%
High-School Grad
33.7 sq mi
ZIP Area
1,160
Density / Sq Mi
$82,804
Median Household Income
$42,816
Median Earnings
$1,530
Median Rent
$413,700
Median Home Value
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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 - One residence is occupied by a tenant, while the other is vacant and available for lease or owner occupancy.
Where is this duplex located?
The property is located at 1408/1410 White Way McKinney, TX.
What is the asking price?
The asking price for this property is $430,000.
What are key features of this property?
This property features: 2,229‑square‑foot duplex built in 1983; Two residences: one with 1 bedroom and 1 bathroom; the other with 1 bedroom and 2 bathrooms; One side is tenant occupied; the other is vacant
