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For sale
Duplexes
TX
Celina
75009
305 North Arizona Drive

Updated Duplex in Celina, TX

305 North Arizona Drive, Celina, TX 75009

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For Sale

$449,000

Updated duplex near historic downtown Celina, a great investment opportunity.

Type:Multi-Family / Full Duplex

Property size:

2,042 SF

Price / SF:

$219/SF

HighLights

Turnkey duplex in the heart of Celina with tenants in place, offering immediate rental income.
Opportunity to adjust rents to current market rates due to month‑to‑month leases.
One unit fully rehabbed in 2021, with roof replaced in 2021 and HVAC & water heater replacement scheduled for the other unit in 2025.
Low‑maintenance property with brick construction, slab foundation, and luxury vinyl plank flooring.
Each unit features 2 bedrooms, 1 bath, carport, and driveway.
Walking distance to Historic Downtown Celina and easy access to major roadways, schools, and upcoming development.

We can help!

Listing Contact

Kelley Cann

Learn more

For Sale

$449,000

Updated duplex near historic downtown Celina, a great investment opportunity.

Type:Multi-Family / Full Duplex

Property size:

2,042 SF

Price / SF:

$219/SF

Added:: Dec 11, 2025
Days on Market:: 179
Last Refresh:: Apr 14 at 11:24 pm

Property Features for 305 North Arizona Drive

General Information

Standard status: Active
Size: 2,042 SF
Property subtype: Multi-Family / Full Duplex

Building Details

Year Built: 1999

We can help!

Listing Contact

Kelley Cann

Listing agent Kelley Cann License #0497059

Listing office Keller Williams Realty DPR

Listing date Dec 11, 2025

Source Compass

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 Keller Williams Realty DPR

HighLights

Turnkey duplex in the heart of Celina with tenants in place, offering immediate rental income.
Opportunity to adjust rents to current market rates due to month‑to‑month leases.
One unit fully rehabbed in 2021, with roof replaced in 2021 and HVAC & water heater replacement scheduled for the other unit in 2025.
Low‑maintenance property with brick construction, slab foundation, and luxury vinyl plank flooring.
Each unit features 2 bedrooms, 1 bath, carport, and driveway.
Walking distance to Historic Downtown Celina and easy access to major roadways, schools, and upcoming development.

Overview

This updated duplex presents a great investment opportunity in Celina. The property is a low-maintenance full duplex with tenants currently in place on a month-to-month basis, allowing for potential rent adjustments to current market rates. Each unit features 2 bedrooms and 1 bath, along with a carport and driveway for parking. The property is within walking distance of the activities in Historic Downtown Celina and offers easy access to major roadways and schools. One side of the duplex was fully rehabbed in 2021. The roof was replaced in 2021, and the HVAC and water heater on the second side are scheduled for replacement in 2025. The property size is 2042 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$57.1k	$27.96
− Vacancy	−$5.8k	−$2.84
EGI	$51.3k	$25.12
− OpEx	−$15.4k	−$7.54
NOI	$35.9k	$17.58

2,042 SF · lease $27.96/SF/yr · vacancy 10.16% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$512.9K

$448.8K – $598.4K (±1% cap)

NOI $35,905 @ 7.0% cap · market cap 8.00%

Second Best

Apartment 5plus

$443.6K

$388.1K – $517.5K (±1% cap)

NOI $31,051 @ 7.0% cap · market cap 6.92%

Theoretical Best

Industrial

$2.03M

$1.78M – $2.37M (±1% cap)

NOI $142,034 @ 7.0% cap · market cap 31.63%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Celina
County: Collin
State: Texas
Longitude: -96.787834
Latitude: 33.326633

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For sale
Duplexes
TX
Celina
75009
305 North Arizona Drive

What type of property is this?

Duplex - Updated duplex near historic downtown Celina, a great investment opportunity.

Where is this duplex located?

The property is located at 305 North Arizona Drive Celina, TX.

What is the asking price?

The asking price for this property is $449,000.

What are key features of this property?

This property features: Turnkey duplex in the heart of Celina with tenants in place, offering immediate rental income.; Opportunity to adjust rents to current market rates due to month‑to‑month leases.; One unit fully rehabbed in 2021, with roof replaced in 2021 and HVAC & water heater replacement scheduled for the other unit in 2025.