Entitled Multifamily Development
For Sale
$349,900
De Moye Lane, Aubrey, TX 76227
ResidentialIncome, Aubrey, TX
Property SizeContact for details
Lot Size1.63 Acres
Days on Market91
Property Features for De Moye Lane
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
32
Bathrooms
16
Full bathrooms
16
Rooms
Bedroom 23, Bedroom 20, Bathroom 7, Bedroom 22, Bathroom 13, Bedroom 14, Bedroom 24, Bedroom 1, Bedroom 13, Bedroom 11, Bedroom 2, Bathroom 11, Bedroom 31, Bedroom 30, Bedroom 27, Bedroom 6, Bathroom 5, Bathroom 15, Bathroom 1, Bedroom 12, Bathroom 9, Bedroom 29, Bathroom 10, Bedroom 17, Bedroom 5, Bathroom 8, Bathroom 12, Bathroom 4, Bedroom 10, Bathroom 16, Bedroom 16, Bedroom 18, Bedroom 21, Bedroom 25, Bedroom 8, Bedroom 9, Bedroom 4, Bedroom 26, Bedroom 32, Bathroom 3, Bedroom 3, Bedroom 15, Bedroom 7, Bedroom 28, Bathroom 2, Bedroom 19, Bathroom 6, Bathroom 14
Parking
1
Parking features
Open, Assigned
Subdivision
DEMOYE MAGNOLIA ADDITION
Lot features
Acreage, Level
Elementary school
Pete and Myra West
Middle school
Aubrey
High school
Aubrey
Elementary school district
Aubrey ISD
Middle school district
Aubrey ISD
High school district
Aubrey ISD
Directions
From US-377 in Aubrey, turn west onto DeMoye Lane - northbound traffic turns left, southbound turns right. The property, Lot 6, Block A, is the 1.63-acre tract just ahead at the corner of DeMoye Lane and North Magnolia Street
Standard status
Active
APN
R982282
Lot size
1.63 Acres
Taxes and HOA fees
Tax Description
DE MOYE-MAGNOLIA ADDITION BLK A LOT 6
Tax Annual Amount
5416
Legal Description
DE MOYE-MAGNOLIA ADDITION BLK A LOT 6
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Water source
Public
Building Details
Year built
2026
Floors in Building
2
Number of units
16
Roof type
Composition
Listing Agency:
Listing Results, LLC
(817) 283-5134
Listed By:
Jack McLemore · License #0460808
(817) 283-5134
Added: Jun 2
Changed: Aug 19
Last Checked: Aug 31 at 7:06AM
MLS# 21286063
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.
Offered for sale is a shovel-ready multifamily development parcel in the De Moye-Magnolia Addition, identified as Lot 6, Block A. The property is 1.63 acres and comes with City-approved Planned Development zoning for multifamily residential use. According to the entitlement, a developer may build up to 16 dwelling units without additional zoning action. Updated civil plans are included with the sale, positioning the buyer to begin permitting and construction immediately upon closing. The seller notes that construction materials and fencing are still to be determined, so the project’s build-out plan can be tailored during development.
The site is located in Aubrey, Texas, within Denton County, in a suburban market described in the offering as one of North Texas’s fastest-growing areas. With city approval already in place for the planned number of units, the parcel is designed to reduce entitlement risk and streamline the path from closing to permitting.
This property is well suited for developers seeking an entitled multifamily opportunity with a clear unit program. All 16 units are approved as 2-bedroom dwellings, which aligns with a commonly sought suburban rental format. For an investor or builder looking to move quickly after closing, the included civil plans and ready-to-permit status make it practical for underwriting and scheduling early construction steps.
The site is located in Aubrey, Texas, within Denton County, in a suburban market described in the offering as one of North Texas’s fastest-growing areas. With city approval already in place for the planned number of units, the parcel is designed to reduce entitlement risk and streamline the path from closing to permitting.
This property is well suited for developers seeking an entitled multifamily opportunity with a clear unit program. All 16 units are approved as 2-bedroom dwellings, which aligns with a commonly sought suburban rental format. For an investor or builder looking to move quickly after closing, the included civil plans and ready-to-permit status make it practical for underwriting and scheduling early construction steps.
Key Highlights
- 1.63‑acre multifamily development site (Lot 6, Block A, De Moye‑Magnolia Addition) with city‑approved Planned Development zoning for multifamily residential use
- Entitled to build up to 16 dwelling units without additional zoning action; begin permitting and construction immediately upon closing
- Updated civil plans included with the sale
Property Analytics
Property Profile
Current Use
Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Explore this area
Business Placement
Demographics for 76227, TX
47,118
Population
20,970
Households
2.2
Avg Household Size
33
Median Age
43%
College-Educated
96%
High-School Grad
78.4 sq mi
ZIP Area
601
Density / Sq Mi
$107,065
Median Household Income
$59,904
Median Earnings
$1,950
Median Rent
$376,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Shovel-ready, city-entitled site approved for up to 16 two-bedroom units with updated civil plans.
Where is this residential land & home lot located?
The property is located at De Moye Lane Aubrey, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 1.63‑acre multifamily development site (Lot 6, Block A, De Moye‑Magnolia Addition) with city‑approved Planned Development zoning for multifamily residential use; Entitled to build up to 16 dwelling units without additional zoning action; begin permitting and construction immediately upon closing; Updated civil plans included with the sale
