Updated 1-Story Duplex with
2416-2418 Bolivar Street Denton, TX 76201
For Sale
$425,000
Mirrored, updated duplex units each offer two bedrooms, a full bath, and an attached two-car garage.
Property Size1,860 SF
Price / SF$228.49
Days on Market55
Property Features for 2416-2418 Bolivar Street
General Information
- Standard status
- Active
- Size
- 1,860 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1971
Listing Agency:
Ebby Halliday, REALTORS
(940) 391-9654
Listed By:
Kristen Caswell · License #0682808
(940) 391-9654
Source:
Compass
Added: May 30
Changed: Jul 21
Last Checked: Jul 23 at 10:06AM
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 Ebby Halliday, REALTORS
Investment Insights
Based on property information with market context.
This updated, one-story duplex includes two mirrored units, each featuring two bedrooms, one full bathroom, a living and dining area, a kitchen, and an interior laundry room. Both units have tile flooring throughout, ceiling fans, and granite countertops in the kitchen and bath. The dining rooms include decorative lighting and custom wood features. The laundry rooms offer built-in cabinets and space for full-size washer and dryer. Each unit also benefits from an attached two-car garage.
The property is located near TWU and UNT, and it has no HOA. Unit 2418 is currently leased through August, and showings are available for Unit 2416 at this time.
The property is located near TWU and UNT, and it has no HOA. Unit 2418 is currently leased through August, and showings are available for Unit 2416 at this time.
Key Highlights
- 2‑unit 1‑story brick duplex built in 1971 with attached 2‑car garages (one per unit)
- Both units feature 2 bedrooms, 1 full bath, living, dining, kitchen, and a dedicated laundry room
- Updated interiors include ceramic tile flooring and granite counters in each kitchen and bath
Financial Insights For Multifamily LT 5
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 | $51.8k | $27.84 |
| − Vacancy | −$5.7k | −$3.06 |
| EGI | $46.1k | $24.78 |
| − OpEx | −$13.8k | −$7.43 |
| NOI | $32.3k | $17.34 |
1,860 SF · lease $27.84/SF/yr · vacancy 11.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$460.9K
$403.3K – $537.7K
NOI $32,260 @ 7.0% cap · market cap 7.59%
Second Best
Apartment 5plus
$404.0K
$353.5K – $471.4K
NOI $28,283 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$581.1K
$508.5K – $678.0K
NOI $40,679 @ 7.0% cap · market cap 9.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Mirrored, updated duplex units each offer two bedrooms, a full bath, and an attached two-car garage.
Where is this duplex located?
The property is located at 2416-2418 Bolivar Street Denton, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: 2‑unit 1‑story brick duplex built in 1971 with attached 2‑car garages (one per unit); Both units feature 2 bedrooms, 1 full bath, living, dining, kitchen, and a dedicated laundry room; Updated interiors include ceramic tile flooring and granite counters in each kitchen and bath
