Multifamily Property Near
For Sale
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1410 West Oak Street, Denton, TX 76201
Workforce-housing asset with a varied unit mix, one vacant unit, and proximity to the University of North Texas campus.
Property Size4,756 SF
Price / SF$210.26
Days on Market174
Property Features for 1410 West Oak Street
General Information
Standard status
Active
Size
4,756 SF
Class
C
Property subtype
Multifamily
Zoning
MF025
Investment Type
Stabilized
Building Details
Year Built
1909
Year Renovated
2024
Buildings
3
Stories
2
Units
9
Listing Agency:
Ahmeti Realty Group, LLC
Listed By:
Jetmir Ahmeti · License #TX 0470676
Source:
Crexi
Added: May 4
Changed: Oct 3
Last Checked: Oct 23 at 6:32AM
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 Ahmeti Realty Group, LLC
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Investment Insights
Based on property information with market context.
This multifamily property contains 4,756 square feet and was built in 1909. The asset has a varied unit mix, including one residence with tenant-paid utilities, and currently includes one vacant unit. Existing rents are below prevailing market levels cited for comparable properties, creating lease-turnover considerations for a new owner.
The property is located at 1410 West Oak Street in Denton, Texas, within walking distance of the University of North Texas campus and the city’s historic downtown square. Its zoning designation is MF025. The combination of a compact physical scale, an existing rental operation, and proximity to two established local destinations provides a straightforward multifamily configuration for private ownership.
The property is located at 1410 West Oak Street in Denton, Texas, within walking distance of the University of North Texas campus and the city’s historic downtown square. Its zoning designation is MF025. The combination of a compact physical scale, an existing rental operation, and proximity to two established local destinations provides a straightforward multifamily configuration for private ownership.
Key Highlights
- 4,756‑square‑foot multifamily property built in 1909
- Zoned MF025
- Located at 1410 West Oak Street, Denton, TX 76201
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,320
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,446,400
$1.4M
Cap Rate 7%
$1,033,143
$1.0M
Cap Rate 9%
$803,556
$803.6K
Market Conditions
NOI Build-Up for 4,756 SF
Gross rent
$147.2K $30.96/SF
− Vacancy
−$15.8K −$3.31/SF
EGI
$131.5K $27.65/SF
− OpEx
−$59.2K −$12.44/SF
NOI
$72.3K $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 Rate 5%
$1,446,400
Cap Rate 7%
$1,033,143
Cap Rate 9%
$803,556
Alternative Uses
Best Use
Apartment 5plus
$1.03M
$904.0K – $1.21M
NOI $72,320 @ 7.0% cap · market cap 7.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,015 @ 7.0% cap · market cap 10.40%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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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 - Workforce-housing asset with a varied unit mix, one vacant unit, and proximity to the University of North Texas campus.
Where is this multifamily property located?
The property is located at 1410 West Oak Street Denton, TX.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4,756‑square‑foot multifamily property built in 1909; Zoned MF025; Located at 1410 West Oak Street, Denton, TX 76201
