Three-Bedroom
New
For Sale
$415,000
2614 S Fannin Avenue, Denison, TX 75020
Two mirrored residences provide matching layouts, stainless steel appliances, full-size refrigerators, and private low-maintenance backyards.
Property Size2,648 SF
Price / SF$156.72
Days on Market2
Property Features for 2614 S Fannin Avenue
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Duplex
Occupancy
100%
Financials
Gross Income
$32,400
Average Monthly Rent
$1,350
Units
Unit Mix
2 x 3BR/3BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$9,892
Building Details
Building Size
2,648 SF
Year Built
2022
Buildings
1
Tenancy
Multi
Listing Agency:
DHS Realty
(972) 979-8413
Listed By:
Nazanin Zandi
Source:
Texasliferealestate
Added: Aug 3
Changed: Aug 4
Last Checked: Aug 4 at 4:40AM
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 DHS Realty
Investment Insights
Based on property information with market context.
Built in 2022, this duplex contains 2,648 SF of combined living space across two matching, mirrored residences. Each unit includes three bedrooms, three full bathrooms, a first-floor bathroom, a generously sized living room, and a kitchen equipped with stainless steel appliances and a full-size refrigerator. Both residences also offer a spacious backyard designed for easy upkeep.
The property is located at 2614 S Fannin Avenue in Denison, near Lake Texoma, shopping, dining, and Texas Instruments in Sherman. Unit 2614 is leased through July 2027, while Unit 2616 is leased through October 2026, providing an existing tenant structure with differing lease expirations.
The identical layouts create a consistent ownership and management profile, while the two-unit configuration allows the residences to be held together as a duplex.
The property is located at 2614 S Fannin Avenue in Denison, near Lake Texoma, shopping, dining, and Texas Instruments in Sherman. Unit 2614 is leased through July 2027, while Unit 2616 is leased through October 2026, providing an existing tenant structure with differing lease expirations.
The identical layouts create a consistent ownership and management profile, while the two-unit configuration allows the residences to be held together as a duplex.
Key Highlights
- 2,648 SF of combined living space
- Two identical, mirrored 3‑bedroom, 3‑bathroom units
- Built in 2022
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 | $32.7k | $12.36 |
| − Vacancy | −$3.7k | −$1.41 |
| EGI | $29.0k | $10.95 |
| − OpEx | −$8.7k | −$3.29 |
| NOI | $20.3k | $7.67 |
2,648 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$290.0K
$253.7K – $338.3K
NOI $20,299 @ 7.0% cap · market cap 4.89%
Second Best
Apartment 5plus
$257.1K
$224.9K – $299.9K
NOI $17,994 @ 7.0% cap · market cap 4.34%
Theoretical Best
Hotel Hospitality
$1.36M
$1.19M – $1.58M
NOI $95,090 @ 7.0% cap · market cap 22.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
280
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
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 - Two mirrored residences provide matching layouts, stainless steel appliances, full-size refrigerators, and private low-maintenance backyards.
Where is this duplex located?
The property is located at 2614 S Fannin Avenue Denison, TX.
What is the asking price?
The asking price for this property is $415,000.
What are key features of this property?
This property features: 2,648 SF of combined living space; Two identical, mirrored 3‑bedroom, 3‑bathroom units; Built in 2022
