Luxury Duplex with Bonus
1716-1718 Stonegate Drive Denton, TX 76205
1716-1718 Stonegate Drive, Denton, TX, 76205
$699,000
For Sale
$699,000
Custom-built duplex features 3 bedrooms per unit, each with an en-suite bathroom, plus a bonus room over the detached garage.
Property Size3,828 SF
Price / SF$182.60
Days on Market100
Property Features for 1716-1718 Stonegate Drive
General Information
- Standard status
- Active
- Size
- 3,828 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2005
Listing agency
Keller Williams Realty
(940) 484-9411
Listed by
MYRA OLIVER · License #0490513
(940) 484-9411
Source
Compass
Added: Apr 13 Updated: Jul 21 at 12:35AM Checked: Jul 21 at 6:44AM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
Custom-built luxury duplex with two residences, each configured with 3 bedrooms and 3.5 bathrooms. The layout includes an expansive bonus room over the detached garage. Interior finishes feature hardwood floors through the main living areas and ceramic tile in the bathrooms and utility areas.
The property is located at 1716–1718 Stonegate Drive and is across the street from Joe Skiles Park. Both sides of the duplex offer a setup that can support live-in and rental use.
As presented, the duplex is designed for versatility with private bedroom and bathroom arrangements, which may appeal to buyers looking for separate, self-contained living spaces within one property.
The property is located at 1716–1718 Stonegate Drive and is across the street from Joe Skiles Park. Both sides of the duplex offer a setup that can support live-in and rental use.
As presented, the duplex is designed for versatility with private bedroom and bathroom arrangements, which may appeal to buyers looking for separate, self-contained living spaces within one property.
Key Highlights
- Custom‑built luxury duplex (2 units) built in 2005 with brick construction and a two‑story layout
- Each unit features 3 bedrooms with en‑suite bathrooms, plus an additional bonus room over the detached garage
- Hardwood flooring in main living areas and ceramic tile in bathrooms and utility areas
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $118.5k | $30.96 |
| − Vacancy | −$12.7k | −$3.31 |
| EGI | $105.8k | $27.65 |
| − OpEx | −$47.6k | −$12.44 |
| NOI | $58.2k | $15.21 |
3,828 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$948.5K
$829.9K – $1.11M
NOI $66,394 @ 7.0% cap · market cap 9.50%
Second Best
Apartment 5plus
$831.6K
$727.6K – $970.2K
NOI $58,209 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,719 @ 7.0% cap · market cap 11.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Custom-built duplex features 3 bedrooms per unit, each with an en-suite bathroom, plus a bonus room over the detached garage.
Where is this duplex located?
The property is located at 1716-1718 Stonegate Drive Denton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Custom‑built luxury duplex (2 units) built in 2005 with brick construction and a two‑story layout; Each unit features 3 bedrooms with en‑suite bathrooms, plus an additional bonus room over the detached garage; Hardwood flooring in main living areas and ceramic tile in bathrooms and utility areas
