Duplex with Attached
New
For Sale
$445,000
1412 /1414 White Way, McKinney, TX 75069
One residence is occupied, while the second is vacant and available for leasing or owner occupancy.
Property Size2,287 SF
Price / SF$194.58
Days on Market5
Property Features for 1412 /1414 White Way
General Information
Standard status
Active
Size
2,287 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Occupancy
50%
Units
Unit Mix
2 x 2BR/2BA
Multifamily Units
2
Parking per Unit
1
Building Details
Year Built
1985
Buildings
1
Listing Agency:
Real Broker, LLC
Listed By:
K.C. McKeown · License #0690463
(512) 960-3253
Source:
Cityupgroup
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 9:25PM
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.
Built in 1985, this 2,287-square-foot duplex contains two residences, each with 2 bedrooms, 2 full bathrooms, an attached one-car garage, and a private fenced yard. One side is occupied; the other is vacant. The vacant residence has a single-story layout with a separate dining area, hard-surface flooring in the main living spaces, and an updated kitchen with tile backsplash. Its bathrooms have updated vanities and tile finishes.
The property is in McKinney’s 75069 area, with Historic Downtown McKinney, shopping, dining, entertainment, and major roads described as minutes away or convenient to reach.
The property is in McKinney’s 75069 area, with Historic Downtown McKinney, shopping, dining, entertainment, and major roads described as minutes away or convenient to reach.
Key Highlights
- Two residences, each with 2 bedrooms and 2 full bathrooms
- One residence occupied; the other is vacant
- 2,287 square feet; built in 1985
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,763
Cap Rate
8.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$795,260
$795.3K
Cap Rate 7%
$568,043
$568.0K
Cap Rate 9%
$441,811
$441.8K
Market Conditions
NOI Build-Up for 2,287 SF
Gross rent
$81.0K $35.40/SF
− Vacancy
−$8.7K −$3.79/SF
EGI
$72.3K $31.61/SF
− OpEx
−$32.5K −$14.23/SF
NOI
$39.8K $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%
$795,260
Cap Rate 7%
$568,043
Cap Rate 9%
$441,811
Alternative Uses
Best Use
Multifamily LT 5
$642.4K
$562.1K – $749.5K
NOI $44,967 @ 7.0% cap · market cap 10.10%
Second Best
Apartment 5plus
$568.0K
$497.0K – $662.7K
NOI $39,763 @ 7.0% cap · market cap 8.94%
Theoretical Best
Office A
$643.0K
$562.6K – $750.1K
NOI $45,008 @ 7.0% cap · market cap 10.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
50%
Occupancy
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
Check the figures for this property
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, while the second is vacant and available for leasing or owner occupancy.
Where is this duplex located?
The property is located at 1412 /1414 White Way McKinney, TX.
What is the asking price?
The asking price for this property is $445,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 2 full bathrooms; One residence occupied; the other is vacant; 2,287 square feet; built in 1985
