New Construction
For Sale
$624,500
509-511 Mockingbird Lane, Denton, TX 76205
ResidentialIncome, Denton, TX
Property Size3,336 SF
Lot Size0.17 Acres
Price / SF$187.20
Days on Market91
Property Features for 509-511 Mockingbird 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 4, Bathroom 6, Bedroom 2, Bedroom 6, Bedroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bedroom 5, Bathroom 5, Bathroom 3, Bathroom 2
Parking
2
Parking features
Garage
Interior features
DecorativeDesignerLightingFixtures, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
Exterior features
Lighting, PrivateYard
Fencing
Fenced
Appliances
Dishwasher, ElectricRange, Disposal, Microwave
Subdivision
Eagle Cove
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
509-511 Mockingbird
Lot size
0.17 Acres
Taxes and HOA fees
HOA Fee
$600 Annually
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
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
Tile, Laminate, Carpet
Building materials
Brick
Roof type
Composition
Listing Agency:
HomesUSA.com
(888) 872-6006
Listed By:
Ben Caballero · License #0096651
(469) 916-5470
Added: Jul 17
Changed: Oct 14
Last Checked: Oct 15 at 6:06PM
MLS# 21094844
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.
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Investment Insights
Based on property information with market context.
This 2025 duplex contains two separately configured residences, each offering 1,668 square feet with three bedrooms, 2.5 bathrooms, and a one-car garage. Both sides include open-plan interiors, kitchen islands, pantries, walk-in closets, laminate, carpet and tile flooring, plus private fenced yards with mature trees. Brick construction, central heating and cooling, public water, and public sewer support everyday functionality. The property sits on a 0.17-acre lot at 509-511 Mockingbird Lane in Denton. The location provides access to downtown Denton, Frisco, McKinney, and Dallas, with Texas Woman’s University and the University of North Texas campuses, shopping, dining, and entertainment described as nearby. Warranty coverage includes 10 years for structural components, two years for electrical and plumbing systems, a one-year builder warranty, and a new-appliance warranty.
Key Highlights
- Duplex totals over 3,336 sq. ft.; each residence measures 1,668 sq. ft.
- Each side includes 3 beds, 2.5 baths, and a 1 car garage
- Private fenced‑in backyard with mature trees 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.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
313
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer private fenced yards, garages, open layouts, and contemporary finishes.
Where is this duplex located?
The property is located at 509-511 Mockingbird Lane 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: Duplex totals over 3,336 sq. ft.; each residence measures 1,668 sq. ft.; Each side includes 3 beds, 2.5 baths, and a 1 car garage; Private fenced‑in backyard with mature trees for each residence
