Three-Bedroom Duplex Built in
New
For Sale
$415,000
2614 S Fannin Avenue Unit 2, Denison, TX 75020
Mirrored units offer full-floor living areas, stainless steel appliances, and private low-maintenance backyards.
Property Size2,648 SF
Price / SF$156.72
Days on Market3
Property Features for 2614 S Fannin Avenue Unit 2
General Information
Standard status
Active
Size
2,648 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Gross Income
$32,400
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
DHS Realty
(972) 979-8413
Listed By:
Rene Jensen · License #0720823
(214) 532-6823
Source:
Lonestarluxuryrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 4:42AM
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.
Completed in 2022, this duplex contains 2,648 SF of combined living space arranged as 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 have their own low-maintenance backyard.
The property is located at 2614 S Fannin Avenue Unit 2 in Denison, near Lake Texoma, shopping, dining, and Texas Instruments in Sherman. Both units are leased, with one agreement extending through July 2027 and the other through October 2026. The floor plans and finishes are consistent across both sides, providing a uniform duplex configuration.
The property is located at 2614 S Fannin Avenue Unit 2 in Denison, near Lake Texoma, shopping, dining, and Texas Instruments in Sherman. Both units are leased, with one agreement extending through July 2027 and the other through October 2026. The floor plans and finishes are consistent across both sides, providing a uniform duplex configuration.
Key Highlights
- Two‑unit duplex with 2,648 SF of combined living space
- Built in 2022 with identical mirrored layouts
- Each unit offers 3 bedrooms and 3 full bathrooms
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
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Mirrored units offer full-floor living areas, stainless steel appliances, and private low-maintenance backyards.
Where is this duplex located?
The property is located at 2614 S Fannin Avenue Unit 2 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: Two‑unit duplex with 2,648 SF of combined living space; Built in 2022 with identical mirrored layouts; Each unit offers 3 bedrooms and 3 full bathrooms
