Well-Designed Duplex with Separate
701 Parkplace Ridge Princeton, TX 75407
New
For Sale
$519,000
Duplex built in 2008 with separate entrances, spacious layouts, private bedrooms, and convenient access to US-380.
Days on Market3
Property Features for 701 Parkplace Ridge
General Information
Standard status
Active
Property subtype
Duplex
Building Details
Year Built
2008
Listing Agency:
Keller Williams Realty-FM
(972) 874-1905
Listed By:
Sri Sadam · License #0778014
Source:
Sociallivingre
Added: Jul 28
Changed: Jul 30
Last Checked: Jul 30 at 12:55AM
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 Keller Williams Realty-FM
Investment Insights
Based on property information with market context.
This well-maintained duplex at 701 Parkplace Ridge was built in 2008 and is laid out to support privacy between units. Each side features a functional, efficient floor plan with spacious living areas, well-equipped kitchens, and private bedrooms. The property also includes separate entrances for each unit, helping streamline tenant access and day-to-day convenience.
The duplex is positioned in Princeton, Texas, and is located just minutes from US-380, with local schools, shopping, and dining nearby. On-site, the property offers ample parking and manageable outdoor space, supporting comfortable resident living.
The home is suitable for investors seeking an income-producing rental property as well as owner-occupants looking to live in one unit while renting the other. Buyer agent or buyer to verify all information.
The duplex is positioned in Princeton, Texas, and is located just minutes from US-380, with local schools, shopping, and dining nearby. On-site, the property offers ample parking and manageable outdoor space, supporting comfortable resident living.
The home is suitable for investors seeking an income-producing rental property as well as owner-occupants looking to live in one unit while renting the other. Buyer agent or buyer to verify all information.
Key Highlights
- Duplex built in 2008
- Separate entrances for each unit
- Spacious living areas and functional layouts
Financial Insights For Apartment 5plus
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 | $89.1k | $30.96 |
| − Vacancy | −$9.5k | −$3.31 |
| EGI | $79.6k | $27.65 |
| − OpEx | −$35.8k | −$12.44 |
| NOI | $43.8k | $15.21 |
2,878 SF · lease $30.96/SF/yr · vacancy 10.70% · expense 45.00%
Alternative Uses
Best Use
Multifamily LT 5
$722.9K
$632.6K – $843.4K
NOI $50,605 @ 7.0% cap · market cap 9.75%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K
NOI $43,763 @ 7.0% cap · market cap 8.43%
Theoretical Best
Industrial
$2.86M
$2.50M – $3.34M
NOI $200,183 @ 7.0% cap · market cap 38.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Duplex built in 2008 with separate entrances, spacious layouts, private bedrooms, and convenient access to US-380.
Where is this duplex located?
The property is located at 701 Parkplace Ridge Princeton, TX.
What is the asking price?
The asking price for this property is $519,000.
What are key features of this property?
This property features: Duplex built in 2008; Separate entrances for each unit; Spacious living areas and functional layouts
