Two-Unit Residential
5959-5961 Robinwood Lane, Little Elm, TX 75068
For Sale
$315,000
ResidentialIncome, Little Elm, TX
Property Size1,700 SF
Lot Size0.14 Acres
Price / SF$185.29
Days on Market48
Property Features for 5959-5961 Robinwood Lane
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Interior features
Appliances
Subdivision
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Building Details
Year built
Floors in Building
Number of units
Flooring type
Roof type
Buildings
Listing Agency:
Compass RE Texas, LLC
(469) 210-8288
Listed By:
Tracy Cavazos · License TX #0656438
(214) 814-8100
Added: Sep 26
Changed: Oct 29
Last Checked: Nov 12 at 11:06AM
MLS# 21389819
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 2003 duplex contains two tenant-occupied residences, each with two bedrooms and one bathroom. The units include separate living and dining spaces, a kitchen, and a utility room with shelving. Finishes include laminate flooring, tile in select areas, stained cabinetry, laminate countertops, and electric ranges. One residence also has an extended patio and a fenced yard with mature trees.
The property encompasses 1,700 square feet on 0.1377 acres. The roof was replaced in March 2025, and HVAC equipment was installed in June 2021. There is no HOA. A separately owned duplex next door may be purchased on its own or together with this property as a four-unit portfolio.
The property encompasses 1,700 square feet on 0.1377 acres. The roof was replaced in March 2025, and HVAC equipment was installed in June 2021. There is no HOA. A separately owned duplex next door may be purchased on its own or together with this property as a four-unit portfolio.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,700 Square Feet on a 0.1377‑acre lot
- Roof replaced in March 2025; HVAC installed in June 2021
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,850
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$517,000
$517.0K
Cap Rate 7%
$369,286
$369.3K
Cap Rate 9%
$287,222
$287.2K
Market Conditions
NOI Build-Up for 1,700 SF
Gross rent
$52.6K $30.96/SF
− Vacancy
−$5.6K −$3.31/SF
EGI
$47.0K $27.65/SF
− OpEx
−$21.2K −$12.44/SF
NOI
$25.9K $15.21/SF
Area
Denton County, 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%
$517,000
Cap Rate 7%
$369,286
Cap Rate 9%
$287,222
Alternative Uses
Best Use
Multifamily LT 5
$427.0K
$373.7K – $498.2K
NOI $29,892 @ 7.0% cap · market cap 9.49%
Second Best
Apartment 5plus
$369.3K
$323.1K – $430.8K
NOI $25,850 @ 7.0% cap · market cap 8.21%
Theoretical Best
Office A
$598.0K
$523.3K – $697.7K
NOI $41,861 @ 7.0% cap · market cap 13.29%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
77
Businesses Nearby
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Business Placement
Demographics for 75068, TX
66,248
Population
23,499
Households
2.8
Avg Household Size
34
Median Age
43%
College-Educated
92%
High-School Grad
27.9 sq mi
ZIP Area
2,374
Density / Sq Mi
$126,341
Median Household Income
$66,559
Median Earnings
$2,161
Median Rent
$386,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Denton County, TX
Properties on Market for Duplexes in Denton County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both occupied residences offer separate living and dining areas, kitchens, and dedicated utility rooms.
Where is this duplex located?
The property is located at 5959-5961 Robinwood Lane Little Elm, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,700 Square Feet on a 0.1377‑acre lot; Roof replaced in March 2025; HVAC installed in June 2021
