Duplex with Private
New
For Sale
$695,000
3305 & 3307 Hilltop Lane, Plano, TX 75023
ResidentialIncome, Plano, TX
Property Size2,651 SF
Lot Size0.11 Acres
Price / SF$262.17
Days on Market3
Property Features for 3305 & 3307 Hilltop Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 4, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 3, Bedroom 6, Bathroom 1
Parking
4
Parking features
Alley, Garage
Patio and Porch features
Patio
Interior features
BuiltInFeatures, Chandelier, DecorativeDesignerLightingFixtures, DoubleVanity, GraniteCounters, PanelingWainscoting, CableTv, WalkInClosets
Exterior features
PrivateYard, RainGutters
Fencing
Privacy
Fireplace
1
Appliances
Dryer, Dishwasher, ElectricRange, ElectricWaterHeater, Disposal, Microwave, Refrigerator, Washer
Subdivision
Parker Road Estates West 2w Second Sec
Elementary school
Hughston
Middle school
Haggard
High school
Vines,Plano Senior
Elementary school district
Plano ISD
Middle school district
Plano ISD
High school district
Plano ISD
Directions
Please use Navigation.
Standard status
Active
APN
R0573001011B1
Size
2,651 SF
Lot size
0.11 Acres
Taxes and HOA fees
Tax Description
PARKER ROAD ESTATES WEST NO 2W SECOND SECTION
Tax Annual Amount
5884
Legal Description
PARKER ROAD ESTATES WEST NO 2W SECOND SECTION
Utilities
Sewer type
Public Sewer
Heating system
Central, Solar (Heating), Electric (Heating), Active Solar
Cooling system
Electric, Central Air
Water source
Public
Amenities
pool
solar panels
Building Details
Year built
1982
Floors in Building
1
Number of units
2
Flooring type
Carpet, Laminate
Building materials
Brick
Roof type
Composition
Listing Agency:
Keller Williams Rockwall · Keller Williams Realty
(972) 772-7000
Listed By:
Tesha Shannon
(972) 772-7000
Added: Aug 19
Changed: Aug 21
Last Checked: Aug 21 at 7:06PM
MLS# 21363766
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.
This duplex at 3305 & 3307 Hilltop Lane contains six bedrooms, four bathrooms, and 2651 square feet on a 0.114-acre lot. Built in 1982, the property features updated interiors across both residences, including granite countertops, contemporary appliances, double vanities, walk-in closets, central heating and cooling, and fireplaces. A private pool, patio, privacy fencing, garage parking, and solar-related heating features add to the physical offering. Unit 3307 is occupied by a tenant.
The property has public water and public sewer service and is located near a transit bus line and rail access. Plano Senior High School is less than a mile away, and Jack Carter Dog Park is nearby. Sale inclusions, subject to a Non-Realty Items Addendum, include two refrigerators, a washer and dryer, and a hot tub at 3305, plus a refrigerator at 3307.
The property has public water and public sewer service and is located near a transit bus line and rail access. Plano Senior High School is less than a mile away, and Jack Carter Dog Park is nearby. Sale inclusions, subject to a Non-Realty Items Addendum, include two refrigerators, a washer and dryer, and a hot tub at 3305, plus a refrigerator at 3307.
Key Highlights
- Full duplex with six bedrooms and four bathrooms across 2651 square feet
- Private pool, patio, privacy fencing, and garage parking
- Updated kitchens and baths with granite counters, contemporary appliances, and double vanities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$42,740
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.15%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$854,800
$854.8K
Cap Rate 7%
$610,571
$610.6K
Cap Rate 9%
$474,889
$474.9K
Market Conditions
NOI Build-Up for 2,651 SF
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.
Gross rent
$68.4K $25.80/SF
− Vacancy
−$7.3K −$2.77/SF
EGI
$61.1K $23.03/SF
− OpEx
−$18.3K −$6.91/SF
NOI
$42.7K $16.12/SF
Area
Plano, TX
Vacancy
10.73%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$854,800
Cap Rate 7%
$610,571
Cap Rate 9%
$474,889
Alternative Uses
Best Use
Multifamily LT 5
$610.6K
$534.3K – $712.3K
NOI $42,740 @ 7.0% cap · market cap 6.15%
Second Best
Apartment 5plus
$560.9K
$490.8K – $654.4K
NOI $39,264 @ 7.0% cap · market cap 5.65%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
645
Businesses Nearby
Explore this area
Business Placement
Demographics for 75023, TX
46,777
Population
19,621
Households
2.4
Avg Household Size
40
Median Age
55%
College-Educated
94%
High-School Grad
9.2 sq mi
ZIP Area
5,084
Density / Sq Mi
$106,488
Median Household Income
$58,070
Median Earnings
$1,897
Median Rent
$385,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - The property combines upgraded kitchens and baths, solar panels, and a private backyard pool.
Where is this duplex located?
The property is located at 3305 & 3307 Hilltop Lane Plano, TX.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Full duplex with six bedrooms and four bathrooms across 2651 square feet; Private pool, patio, privacy fencing, and garage parking; Updated kitchens and baths with granite counters, contemporary appliances, and double vanities
