Two-Unit Duplex with
For Sale
$245,000
17 MacArthur Drive, Denison, TX 75020
Residential income property with rear carport parking, central air, fireplaces, and no HOA restrictions.
Property Size2,012 SF
Price / SF$121.77
Days on Market150
Property Features for 17 MacArthur Drive
General Information
Standard status
Active
Size
2,012 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Amenities
carport parking
Ceiling Fan(s), Central Air, Window Unit(s)
Central, Fireplace(s)
Carpet, Ceramic Tile, Luxury Vinyl Plank
Dishwasher, Disposal, Electric Cooktop, Gas Cooktop, Microwave, Double Oven, Refrigerator
1
Eat-in Kitchen, Kitchen Island, Open Floorplan
Living Room
No
Shingle
One
Pillar/Post/Pier
Assessor
2
Brick, Wood
Building Details
Year Built
1945
Buildings
1
Listing Agency:
On Q Texas LLC
(469) 830-9271
Listed By:
Carly Medonich · License #0798702
(469) 830-9271
Source:
Compass
Added: Apr 3
Changed: Aug 29
Last Checked: Aug 29 at 2:28PM
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 On Q Texas LLC
Investment Insights
Based on property information with market context.
This duplex contains two residential units, each with 2 bedrooms, 1 bathroom, and approximately 1,006 square feet of living space. The combined property size is 2,012 square feet, with layouts that include living areas, eat-in kitchens, kitchen islands, and functional appliance packages. Interior finishes include carpet, ceramic tile, and luxury vinyl plank. Listed features include central air, window units, ceiling fans, fireplaces, dishwashers, disposals, cooktops, microwaves, double ovens, and refrigerators.
Rear carport parking serves the property. The building was constructed in 1945 and has brick and wood exterior materials with a shingle roof. The property is identified as having no HOA, and the address is 17 MacArthur Drive in Denison, Texas.
Rear carport parking serves the property. The building was constructed in 1945 and has brick and wood exterior materials with a shingle roof. The property is identified as having no HOA, and the address is 17 MacArthur Drive in Denison, Texas.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- Each unit offers approximately 1,006 square feet of living space
- Combined property size of 2,012 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,423
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,460
$308.5K
Cap Rate 7%
$220,329
$220.3K
Cap Rate 9%
$171,367
$171.4K
Market Conditions
NOI Build-Up for 2,012 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$24.9K $12.36/SF
− Vacancy
−$2.8K −$1.41/SF
EGI
$22.0K $10.95/SF
− OpEx
−$6.6K −$3.29/SF
NOI
$15.4K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$308,460
Cap Rate 7%
$220,329
Cap Rate 9%
$171,367
Alternative Uses
Best Use
Multifamily LT 5
$220.3K
$192.8K – $257.1K
NOI $15,423 @ 7.0% cap · market cap 6.30%
Second Best
Apartment 5plus
$195.3K
$170.9K – $227.9K
NOI $13,672 @ 7.0% cap · market cap 5.58%
Theoretical Best
Hotel Hospitality
$1.03M
$903.1K – $1.20M
NOI $72,251 @ 7.0% cap · market cap 29.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
83
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
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 - Residential income property with rear carport parking, central air, fireplaces, and no HOA restrictions.
Where is this duplex located?
The property is located at 17 MacArthur Drive Denison, TX.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Each unit offers approximately 1,006 square feet of living space; Combined property size of 2,012 square feet
