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    Ready-Now Duplex with Fenced Backyards Title is generated by Realmo AI

    3121-3123 Long Rope Lane, Denton, TX 76205

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    For Sale
    $739,900

    MULTI_FAMILY - Denton, TX

    Lot size:
    0.17 Acres
    Added:
    Apr 21, 2026
    Days on Market:
    46
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 3121-3123 Long Rope Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bathroom 2, Bedroom 5, Bathroom 3, Bedroom 1, Bathroom 4, Bedroom 3, Bedroom 2, Bedroom 4, Bathroom 5, Bedroom 6, Bathroom 1, Bedroom 8, Bathroom 6, 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
    Central, Electric (Heating)
    Cooling system
    Central Air, Ceiling Fan(s)
    Water source
    Public

    Building Details

    Year built
    2024
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Tile, Laminate
    Building materials
    Brick
    Roof type
    Composition

    We can help!

    Listing Contact
    Ben Caballero
    Ben Caballero

    Listing agent Ben Caballero License #0096651

    Listing office HomesUSA.com Addison, TX

    Listing date Apr 21, 2026

    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.

    HighLights

    • New construction 2024 duplex ready to close; total 4,046 SF (2,023 SF per half)
    • Each half offers 4 bedrooms and 2.5 bathrooms with its own 1‑car garage and private fenced‑in backyard
    • Kitchen features include granite counters, kitchen island, pantry, and an open floorplan
    • Appliances include dishwasher, electric range, disposal, and microwave
    • Central electric HVAC with central air and ceiling fans; flooring includes carpet, tile, and laminate
    • Public utilities: public water and public sewer; roof is composition shingles

    Overview

    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.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Denton
    County
    Denton
    State
    Texas
    Longitude
    -97.109
    Latitude
    33.1626

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    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: New construction 2024 duplex ready to close; total 4,046 SF (2,023 SF per half); Each half offers 4 bedrooms and 2.5 bathrooms with its own 1‑car garage and private fenced‑in backyard; Kitchen features include granite counters, kitchen island, pantry, and an open floorplan
    (469) 916-5470
    We can help!
    Listing Contact
    Ben Caballero
    Ben Caballero
    Real Estate License ID: 0096651
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    3121-3123 Long Rope Lane, Denton, TX 76205
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