Duplex Under
504-506 Mockingbird Lane Denton, TX 76205
504-506 Mockingbird Lane, Denton, TX, 76205
$699,900
For Sale
$699,900
MULTI_FAMILY - Denton, TX
Property Size4,046 SF
Lot Size0.16 Acres
Price / SF$172.99
Days on Market12
Property Features for 504-506 Mockingbird Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Property condition
- Under Construction
- Bedrooms
- 8
- Bathrooms
- 6
- Rooms
- Bedroom 3, Bedroom 8, Bathroom 3, Bedroom 7, Bathroom 5, Bedroom 2, Bedroom 1, Bathroom 1, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 6, Bedroom 5, 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
- 504-506 Mockingbird
- Lot size
- 0.16 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
Listing agency
HomesUSA.com
(888) 872-6006
Listed by
Ben Caballero · License #0096651
(469) 916-5470
Added: Jul 10 Updated: Jul 17 at 1:45PM Checked: Jul 21 at 9:06PM
MLS# 21095153
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 is under construction by New Global and is listed as ready now, totaling approximately 4,046 square feet. The property will be split into two 2,023-square-foot halves, with each unit offering 4 bedrooms and 2.5 bathrooms, plus a one-car garage with a private, fenced-in backyard.
The Eagle Cove Duplex community is described as investor friendly. The offering includes a 10-year structural warranty with additional coverage for electrical and plumbing (2 years), along with a new appliance warranty (1 year) and a builder warranty. Reported taxes are 1.91% with no PID and no MUD, and an annual HOA of $600 is noted. The location is indicated as close to UNT and TWU, with 100 retail stores within 5 minutes, and travel distances provided to DFW Airport and downtown Dallas and Fort Worth.
The Eagle Cove Duplex community is described as investor friendly. The offering includes a 10-year structural warranty with additional coverage for electrical and plumbing (2 years), along with a new appliance warranty (1 year) and a builder warranty. Reported taxes are 1.91% with no PID and no MUD, and an annual HOA of $600 is noted. The location is indicated as close to UNT and TWU, with 100 retail stores within 5 minutes, and travel distances provided to DFW Airport and downtown Dallas and Fort Worth.
Key Highlights
- Duplex under construction (MLS# 21095153), total 4,046 SF; each half is 2,023 SF with separate 1‑car garage
- Each unit offers 4 bedrooms and 2.5 bathrooms, with a fenced‑in private backyard
- Modern interior package includes kitchen island, open floorplan, pantry, walk‑in closets, and decorative designer lighting fixtures
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 | $125.3k | $30.96 |
| − Vacancy | −$13.4k | −$3.31 |
| EGI | $111.9k | $27.65 |
| − OpEx | −$50.3k | −$12.44 |
| NOI | $61.5k | $15.21 |
4,046 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$1.00M
$877.2K – $1.17M
NOI $70,175 @ 7.0% cap · market cap 10.03%
Second Best
Apartment 5plus
$878.9K
$769.0K – $1.03M
NOI $61,523 @ 7.0% cap · market cap 8.79%
Theoretical Best
Office A
$1.26M
$1.11M – $1.47M
NOI $88,487 @ 7.0% cap · market cap 12.64%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Duplex under construction with two 4-bedroom units, each with a one-car garage and fenced-in backyard.
Where is this duplex located?
The property is located at 504-506 Mockingbird Lane Denton, TX.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Duplex under construction (MLS# 21095153), total 4,046 SF; each half is 2,023 SF with separate 1‑car garage; Each unit offers 4 bedrooms and 2.5 bathrooms, with a fenced‑in private backyard; Modern interior package includes kitchen island, open floorplan, pantry, walk‑in closets, and decorative designer lighting fixtures
