Residential Duplex Income
3321 Fallmeadow Street Unit 3321 & 3323 Denton, TX 76207
3321 Fallmeadow Street Unit 3321 & 3323, Denton, TX, 76207
$375,000
For Sale
$375,000
Duplex with both units freshly painted in 2025, new water heaters, and covered patios.
Property Size2,096 SF
Price / SF$178.91
Days on Market77
Property Features for 3321 Fallmeadow Street Unit 3321 & 3323
General Information
- Standard status
- Active
- Size
- 2,096 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1982
Listing agency
United Real Estate DFW
(972) 567-8486
Listed by
Monica Anderson · License #0328380
(972) 567-8486
Source
Compass
Added: May 7 Updated: Jul 21 at 8:22AM Checked: Jul 21 at 8:22AM
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 United Real Estate DFW
Investment Insights
Based on property information with market context.
This duplex residential income property includes two separate units, each with covered patios. Both units were freshly painted in 2025, and each unit has refrigerators. Updates include new water heaters (2024) and new air conditioning equipment (2024 and 2025 depending on the unit), along with new toilets in both units in 2024. Unit 3321 has new laminate flooring in 2024, and Unit 3323 includes a washer and dryer. Each unit features a large primary bedroom with a walk-in closet and ceiling fan.
The property is located across from a park, and the seller indicates the units may be sold separately.
Unit 3321 (leased) is listed at $1,450 per month, and Unit 3323 (leased) is listed at $1,550 per month.
The property is located across from a park, and the seller indicates the units may be sold separately.
Unit 3321 (leased) is listed at $1,450 per month, and Unit 3323 (leased) is listed at $1,550 per month.
Key Highlights
- 2‑unit duplex (one‑story, slab foundation) built in 1982 with brick and siding construction
- Unit 3321 leased at $1,450/month; freshly painted in 2025; new water heater in 2024; new laminate flooring in 2024
- Unit 3323 leased at $1,550/month; freshly painted in 2025; new water heater and new air conditioner in 2025; includes washer and dryer
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 | $64.9k | $30.96 |
| − Vacancy | −$6.9k | −$3.31 |
| EGI | $57.9k | $27.65 |
| − OpEx | −$26.1k | −$12.44 |
| NOI | $31.9k | $15.21 |
2,096 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$519.3K
$454.4K – $605.9K
NOI $36,354 @ 7.0% cap · market cap 9.69%
Second Best
Apartment 5plus
$455.3K
$398.4K – $531.2K
NOI $31,872 @ 7.0% cap · market cap 8.50%
Theoretical Best
Office A
$654.9K
$573.0K – $764.0K
NOI $45,840 @ 7.0% cap · market cap 12.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex with both units freshly painted in 2025, new water heaters, and covered patios.
Where is this duplex located?
The property is located at 3321 Fallmeadow Street Unit 3321 & 3323 Denton, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2‑unit duplex (one‑story, slab foundation) built in 1982 with brick and siding construction; Unit 3321 leased at $1,450/month; freshly painted in 2025; new water heater in 2024; new laminate flooring in 2024; Unit 3323 leased at $1,550/month; freshly painted in 2025; new water heater and new air conditioner in 2025; includes washer and dryer
