Two-Unit Duplex with Attached
New
For Sale
$430,000
1408 /1410 White Way, McKinney, TX 75069
One residence is occupied, while the second is vacant and offers a separate leasing or owner-use option.
Property Size2,229 SF
Price / SF$192.91
Days on Market2
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
Buildings
1
Listing Agency:
Real Broker, LLC
Listed By:
K.C. McKeown · License #0690463
(512) 960-3253
Source:
Franzettirealestate
Added: Oct 7
Last Checked: Oct 7 at 2:43PM
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 two-residence property contains a one-bedroom, one-bathroom unit and a one-bedroom, two-bathroom unit. Each residence has an attached one-car garage. One unit is tenant occupied; the other is vacant and has a single-story layout, a living area, kitchen pantry, and French doors connecting the dining area with the backyard. The property was built in 1983.
The duplex is in McKinney’s 75069 area, minutes from Historic Downtown McKinney, with shopping, dining, entertainment, and major roadways throughout McKinney and Collin County described as convenient to reach. Three duplexes are available side by side, individually or together; the other properties are identified by MLS numbers 21399419 and 21399424, with this listing associated with 21399428.
The duplex is in McKinney’s 75069 area, minutes from Historic Downtown McKinney, with shopping, dining, entertainment, and major roadways throughout McKinney and Collin County described as convenient to reach. Three duplexes are available side by side, individually or together; the other properties are identified by MLS numbers 21399419 and 21399424, with this listing associated with 21399428.
Key Highlights
- Two residences: one has 1 bedroom and 1 bathroom; the other has 1 bedroom and 2 bathrooms
- Both units have an attached one‑car garage
- One unit 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
Current Use
Lease Details
2
Residential units
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
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 - One residence is occupied, while the second is vacant and offers a separate leasing or owner-use option.
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: Two residences: one has 1 bedroom and 1 bathroom; the other has 1 bedroom and 2 bathrooms; Both units have an attached one‑car garage; One unit is tenant occupied; the other is vacant
