Duplex Residential Income
For Sale
$320,000
510 W Gandy Street, Denison, TX 75020
Duplex-style residential income property for sale at 510 W Gandy Street in Denison, TX.
Property Size2,749 SF
Days on Market106
Property Features for 510 W Gandy Street
General Information
Standard status
Active
Size
2,749 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,923
Building Details
Building Size
2,749 SF
Year Built
1905
Listing Agency:
Easy Life Realty
Listed By:
Brad Rhodes · License #0650119
(903) 820-6001
Source:
Texasliferealestate
Added: Jul 20
Changed: Oct 31
Last Checked: Nov 1 at 3:54PM
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 Easy Life Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex-style residential income property is offered for sale at 510 W Gandy Street in Denison, TX. The asset falls under residential income and multifamily property categories, providing a two-unit configuration within a single address.
Because the listing information provided does not include unit mix, size, or interior/amenity details, prospective buyers should review the available disclosures and inspection materials to confirm the exact layout and condition of each unit.
Interested parties can contact for additional property details and next steps related to the sale.
Because the listing information provided does not include unit mix, size, or interior/amenity details, prospective buyers should review the available disclosures and inspection materials to confirm the exact layout and condition of each unit.
Interested parties can contact for additional property details and next steps related to the sale.
Key Highlights
- Duplex‑style residential income property for sale at 510 W Gandy Street in Denison, TX
- Built in 1905
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,073
Cap Rate
6.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,460
$421.5K
Cap Rate 7%
$301,043
$301.0K
Cap Rate 9%
$234,144
$234.1K
Market Conditions
NOI Build-Up for 2,749 SF
Gross rent
$34.0K $12.36/SF
− Vacancy
−$3.9K −$1.41/SF
EGI
$30.1K $10.95/SF
− OpEx
−$9.0K −$3.29/SF
NOI
$21.1K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$421,460
Cap Rate 7%
$301,043
Cap Rate 9%
$234,144
Alternative Uses
Best Use
Multifamily LT 5
$301.0K
$263.4K – $351.2K
NOI $21,073 @ 7.0% cap · market cap 6.59%
Second Best
Apartment 5plus
$266.9K
$233.5K – $311.3K
NOI $18,680 @ 7.0% cap · market cap 5.84%
Theoretical Best
Hotel Hospitality
$1.41M
$1.23M – $1.65M
NOI $98,717 @ 7.0% cap · market cap 30.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
884
Businesses Nearby
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Business Placement
Demographics for 75020, TX
23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
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 - Duplex-style residential income property for sale at 510 W Gandy Street in Denison, TX.
Where is this duplex located?
The property is located at 510 W Gandy Street Denison, TX.
What is the asking price?
The asking price for this property is $320,000.
What are key features of this property?
This property features: Duplex‑style residential income property for sale at 510 W Gandy Street in Denison, TX; Built in 1905
