Luxury Duplex with Bonus
For Sale
$699,000
Pending
1716-1718 Stonegate Drive, Denton, TX 76205
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
Days on Market138
Property Features for 1716-1718 Stonegate Drive
General Information
Standard status
Pending
Size
3,828 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Full Duplex
Additional Details
Multifamily Units
2
Amenities
Ceiling Fan(s), Central Air, Electric, Window Unit(s)
Central, Natural Gas
No
Ceramic Tile, Hardwood
Dishwasher, Disposal, Electric Cooktop, Electric Range, Microwave
2
Cable TV Available, Decorative Lighting, Eat-in Kitchen, Granite Counters, High Speed Internet Available, Tile Counters, Walk-In Closet(s), Second Primary Bedroom
Decorative, Gas Logs
Composition
Two
Fenced, Wood, Wrought Iron
Covered Patio/Porch
Pillar/Post/Pier
Assessor
Brick
Covered
Building Details
Year Built
2005
Buildings
3
Listing Agency:
Keller Williams Realty
Listed By:
MYRA OLIVER · License #0490513
(940) 484-9411
Source:
Compass
Added: Apr 21
Changed: Aug 8
Last Checked: Jul 22 at 10:58AM
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
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
$58,209
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
8.33%
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%
$1,164,180
$1.2M
Cap Rate 7%
$831,557
$831.6K
Cap Rate 9%
$646,767
$646.8K
Market Conditions
NOI Build-Up for 3,828 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
$118.5K $30.96/SF
− Vacancy
−$12.7K −$3.31/SF
EGI
$105.8K $27.65/SF
− OpEx
−$47.6K −$12.44/SF
NOI
$58.2K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
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%
$1,164,180
Cap Rate 7%
$831,557
Cap Rate 9%
$646,767
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 authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
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 - 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
