Two-Unit Duplex with Mirrored
For Sale
$400,000
2614 & 2616 S Fannin Avenue, Denison, TX 75020
ResidentialIncome, Denison, TX
Property Size2,648 SF
Lot Size0.57 Acres
Price / SF$151.06
Days on Market79
Property Features for 2614 & 2616 S Fannin Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 5, Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 4, Bedroom 1, Bathroom 2, Bathroom 6, Bathroom 3, Bathroom 5, Bedroom 2
Parking
4
Parking features
Driveway
Interior features
EatInKitchen, GraniteCounters, KitchenIsland, Pantry, WalkInClosets
Appliances
Dishwasher, ElectricCooktop, ElectricOven, Disposal, Microwave, Refrigerator
Subdivision
Couch-Sims 3rd Add
Elementary school
Hyde Park
Middle school
Henry Scott
High school
Denison
Elementary school district
Denison ISD
Middle school district
Denison ISD
High school district
Denison ISD
Directions
Please use GPS
Standard status
Active
APN
408914
Lot size
0.57 Acres
Taxes and HOA fees
Tax Description
COUCH SIMS THIRD ADDN REPLAT FAIRMOUNT ADDITI
Tax Annual Amount
9892
Legal Description
COUCH SIMS THIRD ADDN REPLAT FAIRMOUNT ADDITI
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air, Ceiling Fan(s)
Water source
Public
Building Details
Year built
2022
Floors in Building
2
Number of units
2
Flooring type
Carpet, Laminate, Tile
Building materials
Brick, Concrete, WoodSiding
Roof type
Composition
Listing Agency:
DHS Realty
Listed By:
Nazanin Zandi · License #0774000
(972) 979-8413
Added: Jul 31
Changed: Oct 17
Last Checked: Oct 17 at 8:06PM
MLS# 21347089
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.
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Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains 2,648 SF of combined living area across two matching, reversed floor plans. Each residence offers three bedrooms and three full bathrooms, including a bath on the first floor. Living areas, kitchens with stainless steel appliances, and backyard space are provided on both sides. Interior details include granite counters, a kitchen island, a pantry, and walk-in closets. The property sits on 0.567 acres and has driveway parking, public water, and public sewer.
Both units are leased. The lease for 2614 runs through July 2027, and the lease for 2616 continues through November 30, 2027. The addresses are 2614 and 2616 S Fannin Avenue in Denison.
Both units are leased. The lease for 2614 runs through July 2027, and the lease for 2616 continues through November 30, 2027. The addresses are 2614 and 2616 S Fannin Avenue in Denison.
Key Highlights
- Two residences with mirrored floor plans and 2,648 SF combined
- Each side has 3 bedrooms and 3 full bathrooms, including a first‑floor bathroom
- Built in 2022 on a 0.567‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,299
Cap Rate
5.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$405,980
$406.0K
Cap Rate 7%
$289,986
$290.0K
Cap Rate 9%
$225,544
$225.5K
Market Conditions
NOI Build-Up for 2,648 SF
Gross rent
$32.7K $12.36/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$29.0K $10.95/SF
− OpEx
−$8.7K −$3.29/SF
NOI
$20.3K $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 Rate 5%
$405,980
Cap Rate 7%
$289,986
Cap Rate 9%
$225,544
Alternative Uses
Best Use
Multifamily LT 5
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 5.07%
Second Best
Apartment 5plus
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 4.50%
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $95,090 @ 7.0% cap · market cap 23.77%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
166
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, three full bathrooms, and a first-floor bath.
Where is this duplex located?
The property is located at 2614 & 2616 S Fannin Avenue Denison, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Two residences with mirrored floor plans and 2,648 SF combined; Each side has 3 bedrooms and 3 full bathrooms, including a first‑floor bathroom; Built in 2022 on a 0.567‑acre lot
