MULTIFAMILYRADAR
36-Unit Multifamily in Denton, TX, photo 11 / 2
▼ 3% cutStabilized
$6,800,000

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

Price per unit compared
This property$189K
Within ~40 mi (150)$133K
Texas median (1,196)$92K
$/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.

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