8-Unit Multifamily
1303 Fannin Street, Denton, TX 76201
For Sale
New
$1,390,000
Fully occupied buildings are located one block from the University of North Texas.
Property Size3,709 SF
Days on Market2
Property Features for 1303 Fannin Street
General Information
Standard status
Size
Property subtype
Zoning
Occupancy
Additional Details
Multifamily Units
Tenant in Place
Amenities
Laminate,Varies,Wood
5
8
100
9
Cable TV Available,Decorative Lighting,Granite Counters,High Speed Internet Available
Chain Link,Wood
Less Than .5 Acre (not Zero)
Pillar/Post/Pier
Landscaped,Lrg. Backyard Grass
0.4831
Acres
Off Street
3709.00
21043.8360
10
Building Details
Building Size
Year Built
Buildings
Listing Agency:
(254) 965-7653
Listed By:
Hayden Real Estate Group
Source:
Stephenvilleproperties
Added: Nov 8
Changed: Nov 9
Last Checked: Nov 9 at 2:05AM
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 Hayden Real Estate Group
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Investment Insights
Based on property information with market context.
This Denton multifamily property comprises 8 units arranged as two triplexes and a duplex. The buildings date to 1963 and occupy 0.4831 acres of land zoned MN for multifamily use. Backyard areas and off-street parking are among the site features, and the units are reported fully rented.
The property is one block from the University of North Texas. Downtown Denton Square is described as reachable by bicycle, while Texas Woman’s University is within driving distance.
The property is one block from the University of North Texas. Downtown Denton Square is described as reachable by bicycle, while Texas Woman’s University is within driving distance.
Key Highlights
- 8 units: two triplexes and one duplex
- 0.4831 acres of MN‑zoned multifamily land
- 100% rented
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
Property Analytics
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See the owner, sales and loan history
Open Analytics
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
$250,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Multifamily properties in Denton, TX
Properties on Market for Multifamily properties in Denton
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied buildings are located one block from 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: two triplexes and one duplex; 0.4831 acres of MN‑zoned multifamily land; 100% rented
