Price Reduced Listing
Description
A Shovel-Ready Multifamily Parcel. An entitled 1.63-acre multifamily development site situated in one of North Texas's fastest-growing suburban markets. This parcel Lot 6, Block A of the De Moye-Magnolia Addition arrives with City-approved Planned Development zoning designating it for multifamily residential use, entitling a developer to build up to 16 dwelling units without additional zoning action. Updated civil plans included in sale. Begin permitting and construction immediately upon closing. At $399,900 for 16 approved units, land cost per door is $25K - among the lowest available for entitled multifamily in Denton County. All 16 units are approved as 2-bedroom dwellingsmaybe the most in-demand unit type in suburban rental markets. Construction materials and fencing TBD.
Details
| MLS # | 21286063 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2026 |
| Days On Site | 88 |
| Listing Provided By | Listing Results, LLC | Jack McLemore |
Features
| Bed(s) | 32 |
|---|---|
| Bath(s) | 16 Total |
| Story(s) | 2 |
| Building(s) | 2 |
| Acreage | 1.63 |
Interior
| Cooling | None |
|---|---|
| Heating | Natural Gas |
| Interior Features | Other |
| Appliances | None |
Exterior
| Roof | Composition |
|---|---|
| Construction Materials | See Remarks |
| Foundation Details | Other |
| Lot Features | Acreage, Level |
Parking
| Garage Yn | 0 |
|---|---|
| Parking Features | Assigned, Open |
Utilities
| Utilities | City Sewer, City Water |
|---|
Taxes
| Unexempt Taxes | 5416 |
|---|---|
| Tax Lot | 6 |
| Tax Block | A |
| Tax Legal Description | DE MOYE-MAGNOLIA ADDITION BLK A LOT 6 |
Area Information
| State | TX |
|---|---|
| County | Denton |
| City | Aubrey |
| Zip Code | 76227 |
| Area | Denton |
| Community Name | DEMOYE MAGNOLIA ADDITION |
| School District | Aubrey ISD |
| Elementary School | Pete and Myra West |
| High School | Aubrey |
| Listing VS Median (in DEMOYE MAGNOLIA ADDITION) | |
Price: $349,900 low | high Med: $0 On site: 88 low | high Med: | |
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Learn More About This Property
| State | TX |
|---|---|
| County | Denton |
| City | Aubrey |
| Zip Code | 76227 |
| Area | Denton |
| Community Name | DEMOYE MAGNOLIA ADDITION |
| School District | Aubrey ISD |
| Elementary School | Pete and Myra West |
| High School | Aubrey |
| Listing VS Median (in DEMOYE MAGNOLIA ADDITION) | |
Price: $349,900 low | high Med: $0 On site: 88 low | high Med: | |