New Construction
For Sale
$624,500
509-511 Mockingbird Ln, Denton, TX 76205
Two attached residences offer private fenced yards, individual garages, and three-bedroom layouts near UNT and TWU.
Property Size3,336 SF
Price / SF$187.20
Days on Market87
Property Features for 509-511 Mockingbird Ln
General Information
Standard status
Active
Size
3,336 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 3BR/2.5BA
Multifamily Units
2
Additional Details
HOA Fee
$50
Amenities
fenced-in backyard
Building Details
Year Built
2025
Buildings
1
Listing Agency:
HomesUSA.com
Listed By:
Ben Caballero · License #0096651
(888) 872-6006
Source:
Christenberrygroup
Added: Jul 20
Changed: Oct 10
Last Checked: Oct 7 at 1:32PM
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 HomesUSA.com
Investment Insights
Based on property information with market context.
Completed in 2025, this duplex contains 3,336 square feet across two separately configured residences. Each 1,668-square-foot side includes 3 bedrooms, 2.5 bathrooms, a one-car garage, and a private fenced backyard. The property is move-in ready and includes new-appliance coverage, a one-year builder warranty, a two-year electrical and plumbing warranty, and a 10-year structural warranty.
Located at 509-511 Mockingbird Ln in Denton, the property is near the University of North Texas and Texas Woman’s University. The surrounding retail offering includes 100 stores within 5 minutes. DFW Airport is 27 miles away, while downtown Dallas and downtown Fort Worth are 39 miles and 35 miles away, respectively. The property is within the Eagle Cove Duplex community.
Located at 509-511 Mockingbird Ln in Denton, the property is near the University of North Texas and Texas Woman’s University. The surrounding retail offering includes 100 stores within 5 minutes. DFW Airport is 27 miles away, while downtown Dallas and downtown Fort Worth are 39 miles and 35 miles away, respectively. The property is within the Eagle Cove Duplex community.
Key Highlights
- 3,336 SF total, with two 1,668‑square‑foot residences
- Each side has 3 bedrooms, 2.5 bathrooms, and a 1‑car garage
- Private fenced‑in backyard for each residence
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,727
Cap Rate
8.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,540
$1.0M
Cap Rate 7%
$724,671
$724.7K
Cap Rate 9%
$563,633
$563.6K
Market Conditions
NOI Build-Up for 3,336 SF
Gross rent
$103.3K $30.96/SF
− Vacancy
−$11.1K −$3.31/SF
EGI
$92.2K $27.65/SF
− OpEx
−$41.5K −$12.44/SF
NOI
$50.7K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,014,540
Cap Rate 7%
$724,671
Cap Rate 9%
$563,633
Alternative Uses
Best Use
Multifamily LT 5
$826.6K
$723.3K – $964.4K
NOI $57,861 @ 7.0% cap · market cap 9.27%
Second Best
Apartment 5plus
$724.7K
$634.1K – $845.5K
NOI $50,727 @ 7.0% cap · market cap 8.12%
Theoretical Best
Office A
$1.04M
$912.0K – $1.22M
NOI $72,959 @ 7.0% cap · market cap 11.68%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
193
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer private fenced yards, individual garages, and three-bedroom layouts near UNT and TWU.
Where is this duplex located?
The property is located at 509-511 Mockingbird Ln Denton, TX.
What is the asking price?
The asking price for this property is $624,500.
What are key features of this property?
This property features: 3,336 SF total, with two 1,668‑square‑foot residences; Each side has 3 bedrooms, 2.5 bathrooms, and a 1‑car garage; Private fenced‑in backyard for each residence
