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    Duplex Under Construction Title is generated by Realmo AI

    3204-3206 Long Rope Lane, Denton, TX 76205

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    For Sale
    $739,900

    MULTI_FAMILY - Denton, TX

    Property size:
    4,046 SF
    Lot size:
    0.17 Acres
    Price / SF:
    $182/SF
    Added:
    Apr 6, 2026
    Days on Market:
    61
    Last Refresh:
    Jun 5 at 1:06 pm

    Property Features for 3204-3206 Long Rope Lane

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Bedrooms
    8
    Bathrooms
    6
    Rooms
    Bathroom 2, Bedroom 8, Bathroom 4, Bedroom 5, Bedroom 2, Bedroom 6, Bedroom 3, Bathroom 6, Bedroom 1, Bedroom 7, Bathroom 5, Bathroom 1, Bathroom 3, Bedroom 4
    Parking
    2
    Parking features
    Garage
    Interior features
    DecorativeDesignerLightingFixtures, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
    Exterior features
    Lighting, PrivateYard
    Fencing
    Fenced
    Appliances
    Dishwasher, ElectricRange, Disposal, Microwave
    Standard status
    Active
    APN
    3204-3206 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
    2025
    Floors in Building
    2
    Number of units
    2
    Flooring type
    Carpet, Laminate, Tile
    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 6, 2026

    MLS# 21095098 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

    • Duplex under construction (MLS# 21095098) with Aug 2026 completion; total 4,046 SF with 2,023 SF per half
    • Each side offers 4 bedrooms and 2.5 bathrooms, plus a 1‑car garage and private, fenced backyard
    • Central electric heating and central air, with ceiling fans; laminate, tile, and carpet flooring
    • Kitchen features include island, pantry, and appliances: dishwasher, electric range, disposal, and microwave
    • Brick construction with a composition roof; public utilities include public water and public sewer
    • HOA of $600 annually; 10‑year structural warranty and additional electrical/plumbing and appliance/builder warranties

    Overview

    This duplex is under construction with an anticipated completion in August 2026. The project will include two mirrored units, totaling 4,046 square feet, with each side offering four bedrooms and 2.5 bathrooms. Each unit also includes a one-car garage with a private, fenced-in backyard. Buyers will benefit from new construction warranty coverage, including a 10-year structural warranty, plus additional two-year electrical and plumbing warranty terms, along with appliance and one-year builder warranties.

    Located in the Eagle Cove Duplex community, the property is described as investor friendly. It is close to UNT and TWU, and the listing notes that 100 retail stores are within 5 minutes. The provided driving-distance context includes 27 miles to DFW airport, 39 miles to downtown Dallas, and 35 miles to downtown Fort Worth.

    With two separate, well-appointed units and a design aimed at contemporary tenant needs, this duplex can fit investors seeking a straightforward owner-operated or rental strategy. The combination of private exterior space, garage parking, and comprehensive new-construction warranties may support a lower initial maintenance profile, while the listing’s stated HOA and tax structure are positioned as manageable for long-term hold considerations.
    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 duplex planned for investor-friendly income with private garages, fenced yards, and multi-year structural warranties.
    Where is this duplex located?
    The property is located at 3204-3206 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: Duplex under construction (MLS# 21095098) with Aug 2026 completion; total 4,046 SF with 2,023 SF per half; Each side offers 4 bedrooms and 2.5 bathrooms, plus a 1‑car garage and private, fenced backyard; Central electric heating and central air, with ceiling fans; laminate, tile, and carpet flooring
    (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.

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