36-Unit Multifamily in Denton, TX
Denton County, TX · listed Mar 27, 2025 (579 days)
▼ Reduced 2.9% on Aug 17, 2026, was $7,000,000
- $/unit
- $188,889
- ▲ 105% vs TX · 85th pct
- Cap rate
- 5.9%
- ▼ 1.5 pts vs TX median
- NOI
- $400K
- $11,107/unit/yr
- Units
- 36
- 1 bldg · 2017
Financials
- Asking price
- $6,800,000
- Price per unit
- $188,889
- Price per sq ft
- $211
- Gross rent / year
- Not stated
- Net operating income
- $399,856
- NOI per unit
- $11,107
- Cap rate
- 5.9%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 36
- Unit mix
- Not stated
- Buildings
- 1
- Year built
- 2017
- Building size
- 32,240 sq ft
- Avg unit size
- 896 sq ft
- Lot size
- 0.91 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 27, 2025
- Days on market
- 579 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 17, 2026: $7M → $6.8M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1598
About this property
404 Industrial Park is a prime multifamily investment opportunity located in Denton, TX, a rapidly growing city with strong rental demand driven by its expanding population and economic growth. 404 Industrial Park is located less than a mile from Denton's bustling downtown square. The historic downtown square is renowned for its diverse retail shops, restaurants and lively entertainment venues. Denton is home to major employers like Peterbilt Motors, Texas Health Presbyterian Hospital and Sally Beauty Holdings. Denton is also home to 2 universities, the University of North Texas and Texas Women's University with a combined student body of over 61,000. Denton’s proximity to Dallas-Fort Worth, now the 4th-largest metro in America, combined with its business-friendly environment, makes it a hotspot for continued growth. 404 Industrial Park's modern units and well-maintained amenities appeal to both young professionals, students and families. As demand for quality rental housing in Denton continues to surge, 404 Industrial Park offers an unbeatable combination of stability and growth.
404 Industrial Park sits in a prime location in the high-growth market of Denton.
Highlights
- Prime Location in a High-Growth Market – Denton is experiencing rapid population and economic growth, driving strong demand for rental housing. The city’s proximity to Dallas-Fort Worth ensures continued expansion and job creation.
- High Demand for Multifamily Housing – With Denton’s university presence (University of North Texas and Texas Woman’s University) and expanding job market, the demand for quality rental housing remains strong.
- Well-Maintained, Turnkey Asset – 404 Industrial offers modern, move-in-ready units with top-shelf finishes.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Denton, TXNew | $199K | $22K$22K | — |
Denton, TXValue-add | $4.3M | $179K$179K | 7.4%gy |
Denton, TXStabilized | $1.1M | $183K$183K | 9.7%gy |
▼ 8% cut | $3.26M | $96K$96K | 7.8% |
Value-add | $3.5M | $113K$113K | 5.7% |
Value-add | $1M | $111K$111K | — |


