
8-Unit Multifamily in Denton, TX
TX · listed Mar 27, 2026 (215 days)
- $/unit
- $173,750
- ▲ 89% vs TX · 83rd pct
- Cap rate
- —
- NOI
- $90K
- $11,211/unit/yr
- Units
- 8
- 3 bldg · 1963
Financials
- Asking price
- $1,390,000
- Price per unit
- $173,750
- Price per sq ft
- $375
- Gross rent / year
- $118,800
- Net operating income
- $89,690
- NOI per unit
- $11,211
- Cap rate
- Not stated
- Gross yield
- 8.6%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 8
- Unit mix
- Two Triplexes and a Duplex
- Buildings
- 3
- Year built
- 1963
- Building size
- 3,709 sq ft
- Avg unit size
- 464 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 27, 2026
- Days on market
- 215 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1519
About this property
8 Units on Multi-Family Zoned Land Zoned MN Right Next to Each Other at 1305 Fannin, 1316 Margie, 1404 Margie One Block From The University of North Texas, UNT! The Properties are Two Triplexes and a Duplex 100% Rented That Back Up to Each Other and Cashflow Nicely While Staying Easily Rented! There is Always a Line Out the Door to Rent These Units! This Hot Location is Perfect to Build a New Three Story Apartment Complex or Keep It Like It Is! Almost All the Units are Tastefully Updated and Have Backyards! These Units Look Better Than Almost Anything Out There So There’s Always a Rapid Influx of People Wanting to Rent Since Nothing Compares! They Are Walking Distance to UNT, Biking Distance to the Downtown Denton Square, and Driving Distance to TWU. They’re Perfect for College Students or Working Professionals! NO HOA, LOW TAXES, LAND ZONED FOR MULTIFAMILY! There’s Plenty of Upside Potential to Increase Rents Add Additional Units or Build a Brand New Apartment Complex as the Zoning Allows!
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Denton, TXStabilized | $1.1M | $183K$183K | 9.7%gy |
Denton, TXNewOwner financing | $1.69M | $211K$211K | — |
Denton, TXNew▼ 3% cutStabilized | $1.9M | $158K$158K | 9.1%gy |
Denton, TXValue-add | $4.3M | $179K$179K | 7.4%gy |
Denton, TXStabilized | $1.3M | $163K$163K | 7.7%gy |
Value-add | $1M | $111K$111K | — |




