Fourplex with Fully Rented
1029 East Hickory Street Denton, TX 76205
1029 East Hickory Street, Denton, TX, 76205
$700,000
For Sale
$700,000
Fourplex offered fully occupied with annual leases; tenant-paid, separately metered utilities.
Property Size3,450 SF
Price / SF$202.90
Days on Market492
Property Features for 1029 East Hickory Street
General Information
- Standard status
- Active
- Size
- 3,450 SF
- Property subtype
- Multi-Family / Fourplex
Building Details
- Year Built
- 1940
Listing agency
Sunshine Realty Experts
(812) 229-4108
Listed by
Bansi Amin · License #0806380
(812) 229-4108
Source
Compass
Added: Mar 17, 2025 Updated: Jul 21 at 8:01AM Checked: Jul 21 at 8:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Sunshine Realty Experts
Investment Insights
Based on property information with market context.
This fourplex presents four continuously rented units with a 100% occupancy rate and annual leases in place. The property is structured with tenant-paid utilities that are metered separately for each unit.
According to the public remarks, the building is within walking distance of the police station, rail station, restaurants and bars, and it is near UNT and Texas Woman University, along with the Denton County courthouse.
The offering highlights an income stream supported by ongoing tenant occupancy and lease structure, with utilities handled directly by tenants through separate metering.
According to the public remarks, the building is within walking distance of the police station, rail station, restaurants and bars, and it is near UNT and Texas Woman University, along with the Denton County courthouse.
The offering highlights an income stream supported by ongoing tenant occupancy and lease structure, with utilities handled directly by tenants through separate metering.
Key Highlights
- 4‑unit fourplex (2 stories) built in 1940
- 100% occupancy with annual leases per public remarks
- Tenant‑paid utilities: all utilities paid by the tenant and metered separately
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.0k | $27.84 |
| − Vacancy | −$10.6k | −$3.06 |
| EGI | $85.5k | $24.78 |
| − OpEx | −$25.6k | −$7.43 |
| NOI | $59.8k | $17.34 |
3,450 SF · lease $27.84/SF/yr · vacancy 11.00% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$854.8K
$748.0K – $997.3K
NOI $59,838 @ 7.0% cap · market cap 8.55%
Second Best
Apartment 5plus
$749.4K
$655.8K – $874.4K
NOI $52,461 @ 7.0% cap · market cap 7.49%
Theoretical Best
Office A
$1.08M
$943.2K – $1.26M
NOI $75,452 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Oak Hickory Historic ...
Tour Operator
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Fourplex offered fully occupied with annual leases; tenant-paid, separately metered utilities.
Where is this quadplex located?
The property is located at 1029 East Hickory Street Denton, TX.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 4‑unit fourplex (2 stories) built in 1940; 100% occupancy with annual leases per public remarks; Tenant‑paid utilities: all utilities paid by the tenant and metered separately
