58 Pershing Drive Denison, TX 75020
MULTI_FAMILY - Denison, TX
Property Features for 58 Pershing Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage
- Interior features
- BuiltInFeatures, DecorativeDesignerLightingFixtures, EatInKitchen, GraniteCounters, HighSpeedInternet, CableTv, WalkInClosets
- Appliances
- Dishwasher, ElectricRange, Disposal
- Standard status
- Active
- APN
- 115548
- Lot size
- 0.18 Acres
Taxes and HOA fees
- Tax Description
- PERRIN CLUB ESTATES, BLOCK 7, LOT 17
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ceiling Fan(s), Central Air
- Water source
- Public
Building Details
- Year built
- 1945
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Vinyl
- Building materials
- BoardAndBattenSiding
- Roof type
- Composition
Listing agent Mallory Adams License #0746744 (972) 480-8280
Listing office OmniKey Realty, LLC. Garland, TX (972) 480-8280
Listing date May 29, 2026
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.
58 Pershing Drive is located in Denison, Texas, within Grayson County. The property is fully occupied, with Unit 100 leased through July 5, 2027, and Unit 101 leased through July 31, 2026, providing established rental income for investors.
Well-suited for buyers seeking immediate cash flow, this duplex can work as a straightforward, income-focused investment due to its remodeled interior and in-place tenants. It is also presented as available for individual sale or as part of an Investor Package Deal, giving investors flexibility depending on how they want to structure their acquisitions.
Key Highlights
- Fully occupied duplex with both units configured as 2 bed, 1 bath
- Each unit is 970 sq ft, offering 1,940 sq ft total living area across the duplex
- Unit 100 leased through July 5, 2027 at $1,025/month
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 | $12.0k | $12.36 |
| − Vacancy | −$1.4k | −$1.41 |
| EGI | $10.6k | $10.95 |
| − OpEx | −$3.2k | −$3.29 |
| NOI | $7.4k | $7.67 |
