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30-Unit Apartment Community
For Sale
$2,950,000

2422-2428 Charlotte Street, Denton, TX 76201

Two buildings near the University of North Texas offer studio, one-bedroom, and two-bedroom apartments.

Property SizeContact for details
Days on Market10

Property Features for 2422-2428 Charlotte Street

General Information

Standard status Active
Property subtype Multi-family
Occupancy 90%

Units

Unit Mix 14 x studio, 14 x 1BR, 2 x 2BR
Multifamily Units 30

Additional Details

Public Transit Yes

Amenities

on-site laundry
outdoor courtyard

Building Details

Year Built 1964
Year Renovated 2012
Buildings 2
Listing Agency: Ray Gun Commercial
Listed By: Steven Geis · License #9015145
Source: Phyllisbrowning
Added: Oct 5 Changed: Oct 13 Last Checked: Oct 12 at 8:02PM

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 Ray Gun Commercial

Investment Insights

Based on property information with market context.

Charlotte Place Apartments is a 30-unit community comprising two buildings constructed in 1964. The property includes 14 studios, 14 one-bedroom apartments, and 2 two-bedroom apartments. A 2012 renovation updated kitchens and bathrooms, replaced above-slab plumbing and water lines, added copper wiring and individual electric meters, and replaced all AC units. Nine apartments have since received select finish updates. Kitchens are equipped with appliances, while bathrooms have ceramic tile; flooring includes luxury vinyl tile and hardwood. On-site amenities include laundry and an outdoor courtyard.

The community is 0.7 miles from the University of North Texas Union Circle campus and less than a mile from Denton's Fry Street restaurant and bar corridor. A DCTA bus stop is nearby. Occupancy is currently 90%. Residents pay unit electricity, while ownership covers water, trash, and electricity for common areas.

Key Highlights

  • 30 apartments across two buildings; 90% leased
  • Unit mix: 14 studios, 14 one‑bedrooms, and 2 two‑bedrooms
  • Built in 1964; major renovation completed in 2012

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm Nail Salon Hair Salon Electrical Service Kitchen & Bath Showroom Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

30
Residential units
90%
Occupancy

Location Intelligence

Trade Area within ½ mile

1,110
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Two buildings near the University of North Texas offer studio, one-bedroom, and two-bedroom apartments.
Where is this apartment building located?
The property is located at 2422-2428 Charlotte Street Denton, TX.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 30 apartments across two buildings; 90% leased; Unit mix: 14 studios, 14 one‑bedrooms, and 2 two‑bedrooms; Built in 1964; major renovation completed in 2012
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