Duplex Investment with Separate
413 Gabe Court Denton, TX 76207
413 Gabe Court, Denton, TX, 76207
$400,000
For Sale
$400,000
Two duplex units offer three bedrooms and two bathrooms each, with garage parking and separated utilities.
Property Size1,088 SF
Price / SF$367.65
Days on Market13
Property Features for 413 Gabe Court
General Information
- Standard status
- Active
- Size
- 1,088 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1983
Listing Agency
Real Broker, LLC
(972) 872-0709
Listed by
Deanna Chavez · License #0675346
(972) 872-0709
Source
Compass
Added: Jul 5 Checked: Jul 17 at 3:57 am
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 Real Broker, LLC
Investment Insights
Based on property information with market context.
For sale: a duplex offering both sides at 409 and 413 Gabe Court, each with a separate address and separated utilities. Each unit features three bedrooms and two bathrooms, along with garage parking, and there is no HOA. 413 Gabe Court is vacant and ready to be leased immediately, while 409 Gabe Court is currently tenant occupied but will not be occupied by closing.
The property has recently had flooring updated and includes some general repairs throughout. Public remarks indicate the surrounding area’s units are largely leased out and have remained steadily leased.
With independent utility setups and an existing layout built around three-bedroom, two-bath residences, the duplex provides a straightforward structure for rental occupancy and management.
The property has recently had flooring updated and includes some general repairs throughout. Public remarks indicate the surrounding area’s units are largely leased out and have remained steadily leased.
With independent utility setups and an existing layout built around three-bedroom, two-bath residences, the duplex provides a straightforward structure for rental occupancy and management.
Key Highlights
- 2‑unit duplex (409 and 413 Gabe Court) with separate addresses and separately metered utilities
- Each unit has 3 bedrooms and 2 bathrooms with garage parking
- 413 Gabe Court is vacant and ready to be leased immediately
Local Financial Insights For Multifamily LT 5
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 | $30.3k | $27.84 |
| − Vacancy | −$3.3k | −$3.06 |
| EGI | $27.0k | $24.78 |
| − OpEx | −$8.1k | −$7.43 |
| NOI | $18.9k | $17.34 |
1,088 SF · lease $27.84/SF/yr · vacancy 11.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$269.6K
$235.9K – $314.5K
NOI $18,871 @ 7.0% cap · market cap 4.72%
Second Best
Apartment 5plus
$236.3K
$206.8K – $275.7K
NOI $16,544 @ 7.0% cap · market cap 4.14%
Theoretical Best
Office A
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 5.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two duplex units offer three bedrooms and two bathrooms each, with garage parking and separated utilities.
Where is this duplex located?
The property is located at 413 Gabe Court Denton, TX.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: 2‑unit duplex (409 and 413 Gabe Court) with separate addresses and separately metered utilities; Each unit has 3 bedrooms and 2 bathrooms with garage parking; 413 Gabe Court is vacant and ready to be leased immediately
