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    Well-Maintained Duplex Investment Title is generated by Realmo AI

    17 Macarthur Drive, Denison, TX 75020

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    For Sale
    $230,000

    MULTI_FAMILY - Denison, TX

    Lot size:
    0.38 Acres
    Added:
    Apr 16, 2026
    Days on Market:
    51
    Last Refresh:
    Jun 5 at 5:06 pm

    Property Features for 17 Macarthur Drive

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 1, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 1
    Parking
    4
    Parking features
    Carport, Driveway
    Interior features
    EatInKitchen, KitchenIsland, OpenFloorplan
    Fireplace
    1
    Appliances
    DoubleOven, Dishwasher, ElectricCooktop, GasCooktop, Disposal, Microwave, Refrigerator
    Standard status
    Active
    APN
    115401
    Lot size
    0.38 Acres

    Taxes and HOA fees

    Tax Description
    PERRIN CLUB ESTATES, BLOCK 1, LOT 11, ACRES .
    Tax Annual Amount
    5234

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Fireplace(s)
    Cooling system
    Central Air, Window Unit(s), Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    1945
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Carpet, Tile, Vinyl
    Building materials
    Brick, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Carly Medonich

    Listing agent Carly Medonich License #0798702

    Listing office On Q Texas LLC Plano, TX

    Listing date Apr 16, 2026

    MLS# 21228177 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Duplex with 2 units, each featuring 2 bedrooms and 1 bathroom, with approximately 1,006 SF of living space per side
    • Carport parking in the rear for residents, plus driveway parking
    • Eat‑in kitchen with kitchen island and open floorplan features
    • Appliances include double oven, dishwasher, microwave, refrigerator, and electric and gas cooktops
    • Built in 1945 with brick and wood siding and a shingle roof
    • Utilities: public water and public sewer; central heating and cooling with fireplace(s)

    Overview

    Located at 17 Macarthur Drive in Denison, this well-maintained duplex provides two separate, tenant-ready homes under one roof. Each side offers a functional layout with 2 bedrooms and 1 bathroom, along with approximately 1,006 square feet of living space per unit. The property includes carport parking in the rear for residents.

    This is a straightforward income opportunity in Denison, with the practical advantage of no HOA, which can help keep operational decisions simpler for owners. With two spacious units, the duplex is designed for rental appeal and provides options for both investors and owner-occupants.

    For investors, the property’s duplex configuration supports diversified rental income within a single asset. For house hackers, the layout offers a way to live in one unit while potentially offsetting expenses with rental income from the second side. Overall, this is a flexible, low-friction addition to a rental portfolio where you can focus on managing two comparable units and maximizing resident convenience.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Restaurant Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Department Store Storage Facility Discount Store Daycare Center Wine and Liquor Store Travel Agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.656951
    Latitude
    33.711489

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    FAQs

    What type of property is this?
    Duplex - A two-unit duplex with two 2-bedroom layouts and rear carport parking, offering flexibility with no HOA.
    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 $230,000.
    What are key features of this property?
    This property features: Duplex with 2 units, each featuring 2 bedrooms and 1 bathroom, with approximately 1,006 SF of living space per side; Carport parking in the rear for residents, plus driveway parking; Eat‑in kitchen with kitchen island and open floorplan features
    (469) 830-9272
    We can help!
    Listing Contact
    Carly Medonich
    Real Estate License ID: 0798702
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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