Modern Duplex With Attached
For Sale
$399,000
1516 W Walker Street, Denison, TX 75020
Two leased residences feature contemporary interiors, private fenced yards, and dedicated parking.
Property Size3,176 SF
Days on Market60
Property Features for 1516 W Walker Street
General Information
Standard status
Active
Size
3,176 SF
Property subtype
Duplex
Financials
Gross Income
$39,000
Average Monthly Rent
$1,625
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,380
Amenities
fenced yard
modern appliances
Building Details
Building Size
3,176 SF
Year Built
2023
Buildings
1
Listing Agency:
Milestone Premier Properties
Listed By:
Greg Parks · License #0691443
(903) 462-0282
Source:
Texasliferealestate
Added: Aug 22
Changed: Oct 17
Last Checked: Oct 19 at 3:32PM
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 Milestone Premier Properties
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Investment Insights
Based on property information with market context.
This duplex contains two separate three-bedroom, two-and-one-half-bath residences, each offering approximately 1,461 square feet. Interior features include luxury vinyl plank flooring, granite countertops, open living and dining areas, pantry storage, decorative lighting, and modern appliances with an electric range, oven, microwave, and dishwasher. Each residence also includes an attached one-car garage, driveway parking, and a fenced yard.
Both units are leased, providing an established rental setup for an owner seeking a two-unit residential income property. The property is located in Denison with access to local amenities, employment, shopping, dining, and major roadways.
Both units are leased, providing an established rental setup for an owner seeking a two-unit residential income property. The property is located in Denison with access to local amenities, employment, shopping, dining, and major roadways.
Key Highlights
- Two 3‑bedroom, 2.5‑bath units, each approximately 1,461 square feet
- Each residence includes an attached one‑car garage and driveway parking
- Luxury vinyl plank flooring and granite countertops in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,346
Cap Rate
6.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$486,920
$486.9K
Cap Rate 7%
$347,800
$347.8K
Cap Rate 9%
$270,511
$270.5K
Market Conditions
NOI Build-Up for 3,176 SF
Gross rent
$39.3K $12.36/SF
− Vacancy
−$4.5K −$1.41/SF
EGI
$34.8K $10.95/SF
− OpEx
−$10.4K −$3.29/SF
NOI
$24.3K $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 Rate 5%
$486,920
Cap Rate 7%
$347,800
Cap Rate 9%
$270,511
Alternative Uses
Best Use
Multifamily LT 5
$347.8K
$304.3K – $405.8K
NOI $24,346 @ 7.0% cap · market cap 6.10%
Second Best
Apartment 5plus
$308.3K
$269.8K – $359.7K
NOI $21,582 @ 7.0% cap · market cap 5.41%
Theoretical Best
Hotel Hospitality
$1.63M
$1.43M – $1.90M
NOI $114,050 @ 7.0% cap · market cap 28.58%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
Explore this area
Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
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
Frequently Asked Questions
What type of property is this?
Duplex - Two leased residences feature contemporary interiors, private fenced yards, and dedicated parking.
Where is this duplex located?
The property is located at 1516 W Walker Street Denison, TX.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Two 3‑bedroom, 2.5‑bath units, each approximately 1,461 square feet; Each residence includes an attached one‑car garage and driveway parking; Luxury vinyl plank flooring and granite countertops in both units
