New Construction Duplex with
For Sale
$624,500
513-515 S Mockingbird Lane, Denton, TX 76205
ResidentialIncome, Denton, TX
Property Size3,336 SF
Lot Size0.24 Acres
Price / SF$187.20
Days on Market28
Property Features for 513-515 S 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, Bedroom 3, Bedroom 4, Bedroom 6, Bathroom 3, Bathroom 6, Bathroom 1, Bathroom 2, Bedroom 5, Bedroom 2, Bedroom 1, Bathroom 5
Parking
2
Parking features
Garage
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen, KitchenIsland, OpenFloorplan, Pantry, WalkInClosets
Exterior features
Lighting, PrivateYard
Fencing
Fenced
Appliances
Dishwasher, ElectricRange, Microwave
Subdivision
Eagle Cove
Lot features
Interior Lot, Landscaped, Few Trees
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
Model is located at 400 S. Mockingbird Ln, Denton, TX. Intersection of Duchess Dr and Mockingbird Ln
Standard status
Active
APN
509-511 Mockingbird
Lot size
0.24 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
Amenities
fenced-in backyard
Building Details
Year built
2025
Floors in Building
2
Number of units
2
Flooring type
Tile, Carpet, Laminate
Building materials
Brick
Roof type
Composition
Listing Agency:
HomesUSA.com
(888) 872-6006
Listed By:
Ben Caballero · License #0096651
(469) 916-5470
Added: Sep 10
Changed: Sep 19
Last Checked: Oct 7 at 2:06AM
MLS# 21383839
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 includes two residences totaling 3,336 square feet, with each side measuring 1,668 square feet. Both units provide three bedrooms, 2.5 bathrooms, an open floor plan, eat-in kitchen, island, pantry, walk-in closets, and a private fenced backyard with mature trees. Each residence also includes a one-car garage. Interior finishes combine tile, laminate, and carpet flooring, while kitchens are equipped with a dishwasher, electric range, and microwave. Central heating and cooling serve both units, and the structure features brick construction with a composition roof.
The property sits on a 0.24-acre lot at 513-515 S Mockingbird Lane in Denton, with public water and sewer service. The location offers access to downtown Denton, Frisco, McKinney, and Dallas, and is minutes from Texas Woman’s University and the University of North Texas, as well as shopping, dining, and entertainment.
The property sits on a 0.24-acre lot at 513-515 S Mockingbird Lane in Denton, with public water and sewer service. The location offers access to downtown Denton, Frisco, McKinney, and Dallas, and is minutes from Texas Woman’s University and the University of North Texas, as well as shopping, dining, and entertainment.
Key Highlights
- Duplex totals 3,336 square feet, with 1,668 square feet in each unit
- Each side has 3 bedrooms, 2.5 bathrooms, and a one‑car garage
- Private fenced backyards with mature trees serve both residences
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.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
222
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
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two attached residences offer open layouts, private fenced yards, and separate one-car garages in Denton.
Where is this duplex located?
The property is located at 513-515 S 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 3,336 square feet, with 1,668 square feet in each unit; Each side has 3 bedrooms, 2.5 bathrooms, and a one‑car garage; Private fenced backyards with mature trees serve both residences
