41-Unit Multifamily in Denton, TX
Denton County, TX · listed Mar 14, 2026 (227 days)
▼ Reduced 4.5% on Aug 17, 2026, was $4,400,000
- $/unit
- $102,439
- ▲ 11% vs TX · 57th pct
- Cap rate
- 6.8%
- ▼ 0.6 pts vs TX median
- NOI
- $287K
- $7,007/unit/yr
- Units
- 41
- 11 bldg · 1982
Financials
- Asking price
- $4,200,000
- Price per unit
- $102,439
- Price per sq ft
- $140
- Gross rent / year
- Not stated
- Net operating income
- $287,278
- NOI per unit
- $7,007
- Cap rate
- 6.8%
- Gross yield
- Not stated
- Occupancy
- 90%
As stated by the seller. Verify during due diligence.
Building
- Units
- 41
- Unit mix
- 24 one-bedroom units, 16 two-bedroom units, and one oversized two-bedroom unit
- Buildings
- 11
- Year built
- 1982
- Building size
- 29,920 sq ft
- Avg unit size
- 730 sq ft
- Lot size
- 1.74 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 14, 2026
- Days on market
- 227 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Aug 17, 2026: $4.4M → $4.2M
- Location
- Approximate (~0.5 mi)
- Listing #
- 1771
About this property
Bonnie Green Apartments is a 41-unit multifamily asset in the heart of Denton, Texas, offering investors a stabilized asset near UNT, TWU, major employers, and the UNT bus line. The property consists of 10 two-story buildings totaling 29,920 net rentable square feet on 1.742 acres and features a mix of 24 one-bedroom units, 16 two-bedroom units, and one oversized two-bedroom unit. With current average rents of approximately $1,000 for one-bedrooms and $1,300 to $1,400 for two-bedrooms, plus 90% occupancy, Bonnie Green offers in-place income with upside through continued stabilization and operational improvement. Bonnie Green may be purchased on a stand-alone basis or together with the nearby Cluster Apartments as part of a 98-unit portfolio offering.
Bonnie Green Apartments - 41 units, Denton, TX
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Denton, TXValue-add | $2.95M | $98K$98K | 6.2% |
 Denton, TX▼ 8% cut | $3.26M | $96K$96K | 7.8% |
 Denton, TXValue-add | $3.5M | $113K$113K | 5.7% |
 Denton, TXStabilized | $1.3M | $163K$163K | 7.7%gy |
 Denton, TXNew▼ 3% cutStabilized | $1.9M | $158K$158K | 9.1%gy |
 Denton, TXValue-add | $4.3M | $179K$179K | 7.4%gy |