Ready-Now Duplex with Fenced
3121-3123 Long Rope Lane Denton, TX 76205
3121-3123 Long Rope Lane, Denton, TX, 76205
$739,900
For Sale
$739,900
MULTI_FAMILY - Denton, TX
Property Size4,046 SF
Lot Size0.17 Acres
Price / SF$182.87
Days on Market25
Property Features for 3121-3123 Long Rope Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 4, Bathroom 6, Bedroom 5, Bedroom 8, Bathroom 1, Bathroom 4, Bedroom 6, Bathroom 2, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 2, Bathroom 3, Bedroom 7
- Parking
- 2
- Parking features
- Garage
- Interior features
- DecorativeDesignerLightingFixtures, GraniteCounters, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
- Fencing
- Fenced
- Appliances
- Dishwasher, ElectricRange, Disposal, Microwave
- Standard status
- Active
- APN
- 3121-2123 Long Rope
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Year built
- 2026
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Carpet, Laminate, Tile
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
HomesUSA.com
(888) 872-6006
Addison, TX
Listed by
Ben Caballero · License #0096651
(469) 916-5470
Added: Jun 23 Checked: Jul 17 at 6:06 pm
MLS# 20911619
Listing URL
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.
Investment Insights
Based on property information with market context.
A complete duplex built by Sandlin Homes and ready now for closing. The property consists of two mirrored halves, each offering four bedrooms and 2.5 bathrooms, along with a one-car garage for private parking. Each unit also includes its own fenced-in backyard, supporting straightforward day-to-day tenant use. New construction coverage includes a 10-year structural warranty plus additional 2-year electrical and plumbing warranties, with appliance warranty coverage and a one-year builder warranty.
The Eagle Cove Duplex community is positioned near higher-education employers, with the property described as close to UNT and TWU. The remarks also note convenient retail access, stating there are 100 retail stores within 5 minutes, and provide commute context of 27 miles to DFW airport and 39 miles to downtown Dallas. Local tax considerations are included in the offering, with taxes listed at 1.91% and no PID and no MUD, alongside an annual HOA of $600.
This configuration is well-suited for investors seeking a newer construction duplex where both sides are already set up as full four-bedroom rentals. The private-yard and garage features help support tenant appeal and consistent living layouts, while the included warranty framework can help reduce near-term property risk for an owner planning to hold income-producing real estate.
The Eagle Cove Duplex community is positioned near higher-education employers, with the property described as close to UNT and TWU. The remarks also note convenient retail access, stating there are 100 retail stores within 5 minutes, and provide commute context of 27 miles to DFW airport and 39 miles to downtown Dallas. Local tax considerations are included in the offering, with taxes listed at 1.91% and no PID and no MUD, alongside an annual HOA of $600.
This configuration is well-suited for investors seeking a newer construction duplex where both sides are already set up as full four-bedroom rentals. The private-yard and garage features help support tenant appeal and consistent living layouts, while the included warranty framework can help reduce near-term property risk for an owner planning to hold income-producing real estate.
Key Highlights
- Complete duplex under construction, ready to close (Sandlin Homes) with a 10‑year structural warranty
- Total 4,046 SF: each half is 2,023 SF with 4 bedrooms and 2.5 bathrooms per unit
- Each unit includes a 1‑car garage with a private backyard and fenced yard
Local Financial Insights For Apartment 5plus
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 | $125.3k | $30.96 |
| − Vacancy | −$13.4k | −$3.31 |
| EGI | $111.9k | $27.65 |
| − OpEx | −$50.3k | −$12.44 |
| NOI | $61.5k | $15.21 |
4,046 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.2K – $1.17M
NOI $70,175 @ 7.0% cap · market cap 9.48%
Second Best
Apartment 5plus
$878.9K
$769.0K – $1.03M
NOI $61,523 @ 7.0% cap · market cap 8.32%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,487 @ 7.0% cap · market cap 11.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Newly built, investor-friendly duplex with private garages, fenced yards, and current warranties for a turn-key rental setup.
Where is this duplex located?
The property is located at 3121-3123 Long Rope Lane Denton, TX.
What is the asking price?
The asking price for this property is $739,900.
What are key features of this property?
This property features: Complete duplex under construction, ready to close (Sandlin Homes) with a 10‑year structural warranty; Total 4,046 SF: each half is 2,023 SF with 4 bedrooms and 2.5 bathrooms per unit; Each unit includes a 1‑car garage with a private backyard and fenced yard
