Move-In Ready
509-511 Mockingbird Lane Denton, TX 76205
509-511 Mockingbird Lane, Denton, TX, 76205
$674,900
For Sale
$674,900
MULTI_FAMILY - Denton, TX
Property Size3,336 SF
Lot Size0.17 Acres
Price / SF$202.31
Days on Market8
Property Features for 509-511 Mockingbird Lane
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Property condition
- Under Construction
- Bedrooms
- 6
- Bathrooms
- 6
- Rooms
- Bedroom 6, Bedroom 2, Bathroom 1, Bathroom 5, Bathroom 2, Bedroom 4, Bedroom 5, Bedroom 3, Bathroom 6, Bedroom 1, Bathroom 3, Bathroom 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
- 509-511 Mockingbird
- Lot size
- 0.17 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- 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
- Tile, Laminate, Carpet
- Building materials
- Brick
- Roof type
- Composition
Listing Agency
HomesUSA.com
(888) 872-6006
Addison, TX
Listed by
Ben Caballero · License #0096651
(469) 916-5470
Added: Jul 10 Checked: Jul 17 at 8:06 am
MLS# 21094844
Listing URL
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.
A complete, move-in ready duplex built by Sandlin Homes. The property totals 3,336 square feet, with each half offering three bedrooms and 2.5 bathrooms. Each unit includes a 1-car garage with a private, fenced-in backyard. The duplex is supported by new construction warranties, including a 10-year structural warranty, 2-year electrical and plumbing warranties, a new appliance warranty, and a 1-year builder warranty.
The community is described as Eagle Cove Duplex and is noted as close to UNT and TWU. The remarks also state there are 100 retail stores within 5 minutes, with distances provided of approximately 27 miles to DFW Airport, 39 miles to Downtown Dallas, and 35 miles to Downtown Fort Worth.
Taxes are listed at 1.91%, with no PID and no MUD indicated. An annual HOA of $600 is noted in the public remarks.
The community is described as Eagle Cove Duplex and is noted as close to UNT and TWU. The remarks also state there are 100 retail stores within 5 minutes, with distances provided of approximately 27 miles to DFW Airport, 39 miles to Downtown Dallas, and 35 miles to Downtown Fort Worth.
Taxes are listed at 1.91%, with no PID and no MUD indicated. An annual HOA of $600 is noted in the public remarks.
Key Highlights
- Complete duplex under construction by Sandlin Homes, move‑in ready now (MLS# 21094844)
- Total 3,336 SF: two 1,668 SF halves; each half features 3 beds and 2.5 baths
- Each half includes a 1‑car garage and a private, fenced‑in backyard
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 | $92.9k | $27.84 |
| − Vacancy | −$10.2k | −$3.06 |
| EGI | $82.7k | $24.78 |
| − OpEx | −$24.8k | −$7.43 |
| NOI | $57.9k | $17.34 |
3,336 SF · lease $27.84/SF/yr · vacancy 11.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Complete duplex with two 3-bedroom units, each featuring 2.5 baths, a 1-car garage, and a fenced backyard.
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 $674,900.
What are key features of this property?
This property features: Complete duplex under construction by Sandlin Homes, move‑in ready now (MLS# 21094844); Total 3,336 SF: two 1,668 SF halves; each half features 3 beds and 2.5 baths; Each half includes a 1‑car garage and a private, fenced‑in backyard
