Updated Duplex with Attached
For Sale
$365,000
Pending
2805 W Washington Street, Denison, TX 75020
Two updated units offer open living areas, fenced private yards, and attached garages with utility hookups.
Property Size2,611 SF
Days on Market52
Property Features for 2805 W Washington Street
General Information
Standard status
Pending
Size
2,611 SF
Property subtype
Duplex
Units
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$7,505
Amenities
fenced backyard
Building Details
Building Size
2,611 SF
Year Built
2020
Buildings
1
Tenancy
Single
Listing Agency:
EXP REALTY
Listed By:
Jenny Jun · License #0816020
(972) 730-6640
Source:
Texasliferealestate
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 10:05PM
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 EXP REALTY
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Investment Insights
Based on property information with market context.
Built in 2020, this duplex includes two updated residential units, each with three bedrooms, an open-concept main level, wood-look flooring, and an updated kitchen with granite countertops and stainless steel appliances. Every unit also has a privately fenced backyard and a one-car attached garage with utility hookups. The upstairs bedrooms feature ensuite bathrooms.
One unit is occupied on a month-to-month basis, while the other is available for immediate occupancy. The property is in Denison near Lake Texoma and Downtown Denison, where local boutiques, antique shops, restaurants, and craft beverage venues line the Main Street district.
The layout supports separate occupancy for residents, guests, or tenants, with private outdoor space and dedicated garage access for each unit.
One unit is occupied on a month-to-month basis, while the other is available for immediate occupancy. The property is in Denison near Lake Texoma and Downtown Denison, where local boutiques, antique shops, restaurants, and craft beverage venues line the Main Street district.
The layout supports separate occupancy for residents, guests, or tenants, with private outdoor space and dedicated garage access for each unit.
Key Highlights
- Duplex built in 2020
- Each unit includes 3 bedrooms and an open‑concept main level
- Updated kitchens with granite countertops and stainless steel appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,015
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,300
$400.3K
Cap Rate 7%
$285,929
$285.9K
Cap Rate 9%
$222,389
$222.4K
Market Conditions
NOI Build-Up for 2,611 SF
Gross rent
$32.3K $12.36/SF
− Vacancy
−$3.7K −$1.41/SF
EGI
$28.6K $10.95/SF
− OpEx
−$8.6K −$3.29/SF
NOI
$20.0K $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%
$400,300
Cap Rate 7%
$285,929
Cap Rate 9%
$222,389
Alternative Uses
Best Use
Multifamily LT 5
$285.9K
$250.2K – $333.6K
NOI $20,015 @ 7.0% cap · market cap 5.48%
Second Best
Apartment 5plus
$253.5K
$221.8K – $295.7K
NOI $17,743 @ 7.0% cap · market cap 4.86%
Theoretical Best
Hotel Hospitality
$1.34M
$1.17M – $1.56M
NOI $93,761 @ 7.0% cap · market cap 25.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
374
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two updated units offer open living areas, fenced private yards, and attached garages with utility hookups.
Where is this duplex located?
The property is located at 2805 W Washington Street Denison, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Duplex built in 2020; Each unit includes 3 bedrooms and an open‑concept main level; Updated kitchens with granite countertops and stainless steel appliances
