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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 dwellings"”maybe the most in-demand unit type in suburban rental markets. Construction materials and fencing TBD.
| LAST UPDATED | 5/30/2026 | TRACT | DEMOYE MAGNOLIA ADDITION |
|---|---|---|---|
| YEAR BUILT | 2026 | COUNTY | Denton |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| School District | Aubrey ISD |
|---|---|
| Elementary School | Pete and Myra West |
| Jr. High School | Aubrey |
| High School | Aubrey |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| APPLIANCES | None |
| CONSTRUCTION | See Remarks |
| HEAT | Natural Gas |
| INTERIOR | Other |
| LOT | 1.63 acre(s) |
| LOT DESCRIPTION | Level |
| PARKING | Assigned, Open |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | DEMOYE MAGNOLIA ADDITION |
| TAXES | 5416 |
| WATER | Public |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listing provided by Jack McLemore, Listing Results, LLC
You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.This data was last updated on: 5/31/26 7:51 AM PDT
This IDX solution is (c) Diverse Solutions 2026.