12-Unit Apartment
New
For Sale
$1,950,000
2266 W Oak Street, Denton, TX 76201
Updated systems and interior finishes support the existing multifamily configuration.
Property Size9,472 SF
Days on Market3
Property Features for 2266 W Oak Street
General Information
Standard status
Active
Size
9,472 SF
Property subtype
Apartment
Additional Details
Public Transit
Yes
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$20,877
Building Details
Building Size
9,472 SF
Year Built
1978
Buildings
1
Listing Agency:
First Texas Realty
Listed By:
Du Phan
Source:
Baerealty
Added: Oct 20
Changed: Oct 21
Last Checked: Oct 20 at 11:50PM
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 First Texas Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 12-unit apartment property contains 9,472 square feet across a building constructed in 1978. Improvements include replacement of some AC systems, appliances, water heaters, flooring, and paint; the extent of the AC replacements is not specified.
The property is in Denton, Texas, near the University of North Texas, Texas Woman’s University, major employers, and the UNT bus line.
The property is in Denton, Texas, near the University of North Texas, Texas Woman’s University, major employers, and the UNT bus line.
Key Highlights
- 12 apartment units
- 9,472 square feet
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,031
Cap Rate
7.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,880,620
$2.9M
Cap Rate 7%
$2,057,586
$2.1M
Cap Rate 9%
$1,600,344
$1.6M
Market Conditions
NOI Build-Up for 9,472 SF
Gross rent
$293.3K $30.96/SF
− Vacancy
−$31.4K −$3.31/SF
EGI
$261.9K $27.65/SF
− OpEx
−$117.8K −$12.44/SF
NOI
$144.0K $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%
$2,880,620
Cap Rate 7%
$2,057,586
Cap Rate 9%
$1,600,344
Alternative Uses
Best Use
Apartment 5plus
$2.06M
$1.80M – $2.40M
NOI $144,031 @ 7.0% cap · market cap 7.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,155 @ 7.0% cap · market cap 10.62%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
1,069
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
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated systems and interior finishes support the existing multifamily configuration.
Where is this apartment building located?
The property is located at 2266 W Oak Street Denton, TX.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 12 apartment units; 9,472 square feet; Built in 1978
