Two-Unit New Construction
For Sale
$674,900
400-402 Trailhead Lane, Denton, TX 76205
ResidentialIncome, Denton, TX
Property Size3,336 SF
Lot Size0.19 Acres
Price / SF$202.31
Days on Market54
Property Features for 400-402 Trailhead Lane
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Property condition
Under Construction
Bedrooms
6
Bathrooms
6
Full bathrooms
4
Half bathrooms
2
Rooms
Bathroom 3, Bedroom 3, Bathroom 5, Bedroom 1, Bedroom 5, Bedroom 6, Bathroom 1, Bedroom 4, Bathroom 4, Bathroom 6, Bathroom 2, Bedroom 2
Parking
2
Parking features
Garage
Interior features
DecorativeDesignerLightingFixtures, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
Fencing
Fenced
Appliances
Dishwasher, ElectricRange, Disposal, Microwave
Subdivision
Eagle Cove
Lot features
Corner Lot
Elementary school
Rivera
Middle school
Bettye Myers
High school
Ryan H S
Elementary school district
Denton ISD
Middle school district
Denton ISD
High school district
Denton ISD
Directions
From Loop 828, turn onto Duchess Dr. Community will be on your left
Standard status
Active
APN
400-402 Trailhead
Lot size
0.19 Acres
Taxes and HOA fees
HOA Fee
$600 Annually
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Flooring type
Laminate, Carpet, Tile
Building materials
Brick
Roof type
Composition
Listing Agency:
HomesUSA.com
(888) 872-6006
Listed By:
Ben Caballero · License #0096651
(469) 916-5470
Added: Jul 10
Changed: Aug 19
Last Checked: Sep 1 at 1:06PM
MLS# 20939183
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.
Located at 400-402 Trailhead Lane, this 2025 duplex contains 3,336 square feet across two residences, with 1,668 square feet per side. Each unit includes three bedrooms, two-and-a-half bathrooms, a one-car garage, and a private fenced backyard. Interior features include open-concept floor plans, kitchen islands, pantries, walk-in closets, decorative lighting, and a combination of laminate, carpet, and tile flooring. Appliances include a dishwasher, electric range, disposal, and microwave. The brick exterior is complemented by central air, electric heat, ceiling fans, composition roofing, public water, and public sewer.
The property sits in Denton near the University of North Texas and Texas Woman’s University. Approximately 100 retail stores are within five minutes, while DFW Airport is 27 miles away. Downtown Dallas is 39 miles away, and downtown Fort Worth is 35 miles away. The property also includes new-construction warranty coverage, including a 10-year structural warranty.
The property sits in Denton near the University of North Texas and Texas Woman’s University. Approximately 100 retail stores are within five minutes, while DFW Airport is 27 miles away. Downtown Dallas is 39 miles away, and downtown Fort Worth is 35 miles away. The property also includes new-construction warranty coverage, including a 10-year structural warranty.
Key Highlights
- 3,336 SF duplex with two 1,668 SF residences
- Each side has 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Private fenced backyard for each residence
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
$57,861
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
8.57%
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%
$1,157,220
$1.2M
Cap Rate 7%
$826,586
$826.6K
Cap Rate 9%
$642,900
$642.9K
Market Conditions
NOI Build-Up for 3,336 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
$92.9K $27.84/SF
− Vacancy
−$10.2K −$3.06/SF
EGI
$82.7K $24.78/SF
− OpEx
−$24.8K −$7.43/SF
NOI
$57.9K $17.34/SF
Area
Denton, TX
Vacancy
11.00%
Lease Rate
$27.84 /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%
$1,157,220
Cap Rate 7%
$826,586
Cap Rate 9%
$642,900
Alternative Uses
Best Use
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,861 @ 7.0% cap · market cap 8.57%
Second Best
Apartment 5plus
$724.7K
$634.1K – $845.5K
NOI $50,727 @ 7.0% cap · market cap 7.52%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,959 @ 7.0% cap · market cap 10.81%
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
334
Businesses Nearby
Explore this area
Business Placement
Demographics for 76205, TX
18,969
Population
8,114
Households
2.3
Avg Household Size
29
Median Age
39%
College-Educated
88%
High-School Grad
8.3 sq mi
ZIP Area
2,285
Density / Sq Mi
$65,322
Median Household Income
$31,173
Median Earnings
$1,368
Median Rent
$307,900
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 - Both residences include private garages and fenced backyards within a two-unit configuration.
Where is this duplex located?
The property is located at 400-402 Trailhead Lane Denton, TX.
What is the asking price?
The asking price for this property is $674,900.
What are key features of this property?
This property features: 3,336 SF duplex with two 1,668 SF residences; Each side has 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Private fenced backyard for each residence
