Triplex with Recent
For Sale
$699,000
1401 Bolivar Street, Denton, TX 76201
Three distinct living areas support owner occupancy, extended living, or rental use.
Property Size3,836 SF
Price / SF$182.22
Days on Market172
Property Features for 1401 Bolivar Street
General Information
Standard status
Active
Size
3,836 SF
Total Parking Spaces
6
Property subtype
Multi-Family / Triplex
Amenities
Central Air, Electric, Wall/Window Unit(s)
Electric
No
Wood
Dishwasher
1
Built-in Features
Wood Burning
Shingle
Two
2
Other
Public Records
3
Siding
Building Details
Year Built
1953
Buildings
2
Listing Agency:
Redfin Corporation
Listed By:
Jenilee Harwell · License #0585747
(817) 980-4141
Source:
Compass
Added: Mar 20
Changed: Aug 31
Last Checked: Aug 29 at 11:15PM
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 Redfin Corporation
Investment Insights
Based on property information with market context.
This 3,836-square-foot triplex includes a front residence and two additional units in a rear structure. The main home offers three bedrooms, two full baths, an eat-in kitchen, living area, bonus room, and attached two-car garage. The lower-level unit contains two bedrooms, one full bath, a living area, and kitchen, while the upper-level unit provides three bedrooms, one bath, living space, and a spacious kitchen.
Updates include a new HVAC system in the main home, a new roof on the rear structure, and updated cabinetry. Built in 1953, the property also features central air, electric service, wood interiors, a dishwasher, built-in features, and a wood-burning fireplace. Its three separate living areas can accommodate an owner-occupant arrangement, extended household use, or rental operations.
Updates include a new HVAC system in the main home, a new roof on the rear structure, and updated cabinetry. Built in 1953, the property also features central air, electric service, wood interiors, a dishwasher, built-in features, and a wood-burning fireplace. Its three separate living areas can accommodate an owner-occupant arrangement, extended household use, or rental operations.
Key Highlights
- 3,836 SF triplex with a front home and two units in the rear structure
- Main residence includes 3 bedrooms, 2 full baths, a bonus room, and attached two‑car garage
- Lower‑level unit offers 2 bedrooms, 1 full bath, living area, and kitchen
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,330
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,600
$1.2M
Cap Rate 7%
$833,286
$833.3K
Cap Rate 9%
$648,111
$648.1K
Market Conditions
NOI Build-Up for 3,836 SF
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.
Gross rent
$118.8K $30.96/SF
− Vacancy
−$12.7K −$3.31/SF
EGI
$106.1K $27.65/SF
− OpEx
−$47.7K −$12.44/SF
NOI
$58.3K $15.21/SF
Area
Denton, TX
Vacancy
10.70%
Lease Rate
$30.96 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,166,600
Cap Rate 7%
$833,286
Cap Rate 9%
$648,111
Alternative Uses
Best Use
Multifamily LT 5
$950.5K
$831.7K – $1.11M
NOI $66,533 @ 7.0% cap · market cap 9.52%
Second Best
Apartment 5plus
$833.3K
$729.1K – $972.2K
NOI $58,330 @ 7.0% cap · market cap 8.34%
Theoretical Best
Office A
$1.20M
$1.05M – $1.40M
NOI $83,894 @ 7.0% cap · market cap 12.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,335
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three distinct living areas support owner occupancy, extended living, or rental use.
Where is this triplex located?
The property is located at 1401 Bolivar Street Denton, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 3,836 SF triplex with a front home and two units in the rear structure; Main residence includes 3 bedrooms, 2 full baths, a bonus room, and attached two‑car garage; Lower‑level unit offers 2 bedrooms, 1 full bath, living area, and kitchen
