8-Unit Multifamily
For Sale
$1,390,000
1303 Fannin Street, Denton, TX 76201
Three adjoining residential properties offer updated interiors, private backyards, and proximity to the University of North Texas.
Property Size3,709 SF
Price / SF$374.76
Days on Market208
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Property Features for 1303 Fannin Street
General Information
Standard status
Active
Size
3,709 SF
Total Parking Spaces
10
Property subtype
Multi-Family / Multiple Single Units
Zoning
MN
Occupancy
100%
Additional Details
Multifamily Units
8
Amenities
Central Air, Electric
Central, Natural Gas
Laminate, Varies, Wood
Refrigerator
Cable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available
No
Composition
One
Chain Link, Wood
1
Pillar/Post/Pier
Public Records
8
Siding, Wood
Building Details
Year Built
1963
Buildings
3
Listing Agency:
Scott Brown Properties, Inc
Listed By:
Jonathan King · License #0606981
(469) 233-1500
Source:
Compass
Added: Mar 22
Changed: Oct 13
Last Checked: Oct 15 at 1:19AM
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 Scott Brown Properties, Inc
Investment Insights
Based on property information with market context.
This multifamily offering comprises eight units across two triplexes and one duplex. The properties are fully occupied, and almost all units have been updated with a mix of laminate and wood flooring, granite counters, refrigerators, central air, and select decorative lighting. Backyards are present at almost all units, with wood and siding exteriors and pier-and-beam foundations.
The properties are located near the University of North Texas, within walking distance of campus, biking distance of the Downtown Denton Square, and driving distance of Texas Woman’s University. The land is identified as MN multifamily zoning, and the offering has no HOA. The configuration provides an established residential income asset with multiple structures and varied unit layouts.
The properties are located near the University of North Texas, within walking distance of campus, biking distance of the Downtown Denton Square, and driving distance of Texas Woman’s University. The land is identified as MN multifamily zoning, and the offering has no HOA. The configuration provides an established residential income asset with multiple structures and varied unit layouts.
Key Highlights
- 8 units consisting of two triplexes and one duplex
- 100% rented across the three adjoining properties
- Land identified as MN multifamily zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,330
Cap Rate
4.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,600
$1.3M
Cap Rate 7%
$919,000
$919.0K
Cap Rate 9%
$714,778
$714.8K
Market Conditions
NOI Build-Up for 3,709 SF
Gross rent
$103.3K $27.84/SF
− Vacancy
−$11.4K −$3.06/SF
EGI
$91.9K $24.78/SF
− OpEx
−$27.6K −$7.43/SF
NOI
$64.3K $17.34/SF
Area
Denton, TX
Vacancy
11.00%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,286,600
Cap Rate 7%
$919,000
Cap Rate 9%
$714,778
Alternative Uses
Best Use
Multifamily LT 5
$919.0K
$804.1K – $1.07M
NOI $64,330 @ 7.0% cap · market cap 4.63%
Second Best
Apartment 5plus
$805.7K
$705.0K – $940.0K
NOI $56,399 @ 7.0% cap · market cap 4.06%
Theoretical Best
Office A
$1.16M
$1.01M – $1.35M
NOI $81,117 @ 7.0% cap · market cap 5.84%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
8
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
707
Businesses Nearby
Explore this area
Business Placement
Demographics for 76201, TX
27,610
Population
13,087
Households
2.1
Avg Household Size
26
Median Age
46%
College-Educated
95%
High-School Grad
5.5 sq mi
ZIP Area
5,020
Density / Sq Mi
$37,863
Median Household Income
$18,308
Median Earnings
$1,128
Median Rent
$250,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three adjoining residential properties offer updated interiors, private backyards, and proximity to the University of North Texas.
Where is this multifamily property located?
The property is located at 1303 Fannin Street Denton, TX.
What is the asking price?
The asking price for this property is $1,390,000.
What are key features of this property?
This property features: 8 units consisting of two triplexes and one duplex; 100% rented across the three adjoining properties; Land identified as MN multifamily zoning
