Denton Multifamily Investment
For Sale
Contact for pricing
2425 Louise St, Denton, TX 76201
34-unit apartment building near University of North Texas.
Property Size13,940 SF
Lot Size0.72 Acres
Price / SF$233.86
Days on Market168
Property Features for 2425 Louise St
General Information
Standard status
Active
Size
13,940 SF
Class
C
Lot size
0.72 Acres
Property subtype
Multifamily
Occupancy
91%
Investment Type
Stabilized
Net Operating Income
$254,933
Building Details
Year Built
1965
Year Renovated
2024
Buildings
1
Stories
2
Units
34
Listing Agency:
Ahmeti Realty Group, LLC
Listed By:
Jetmir Ahmeti · License #TX 0470676
Source:
Crexi
Added: Mar 17
Changed: Aug 22
Last Checked: Aug 28 at 12:25PM
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
Investment Insights
Based on property information with market context.
Campus Walk Apartments is a 34-unit multifamily property in Denton, Texas. The property is located minutes from the University of North Texas and near Texas Woman’s University, Downtown Denton, and major area employers. The property consists of one two-story building totaling 13,940 net rentable square feet on 0.72 acres. The building is comprised entirely of one-bedroom units averaging approximately 410 square feet. Positioned in one of Denton’s active rental corridors, Campus Walk offers investors a well-located asset supported by consistent demand drivers, strong connectivity, and close proximity to the area’s major universities, employment centers, dining, and retail amenities.
Key Highlights
- Prime location in Denton's active rental corridor, near the University of North Texas and Texas Woman's University
- 34‑unit multifamily asset offering consistent demand and strong connectivity
- Proximity to major area employers, dining, and retail amenities
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
$211,972
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
6.50%
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%
$4,239,440
$4.2M
Cap Rate 7%
$3,028,171
$3.0M
Cap Rate 9%
$2,355,244
$2.4M
Market Conditions
NOI Build-Up for 13,940 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
$431.6K $30.96/SF
− Vacancy
−$46.2K −$3.31/SF
EGI
$385.4K $27.65/SF
− OpEx
−$173.4K −$12.44/SF
NOI
$212.0K $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 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%
$4,239,440
Cap Rate 7%
$3,028,171
Cap Rate 9%
$2,355,244
Alternative Uses
Best Use
Apartment 5plus
$3.03M
$2.65M – $3.53M
NOI $211,972 @ 7.0% cap · market cap 6.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.36M
$3.81M – $5.08M
NOI $304,871 @ 7.0% cap · market cap 9.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,110
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?
Apartment building - 34-unit apartment building near University of North Texas.
Where is this apartment building located?
The property is located at 2425 Louise St Denton, TX.
What is the asking price?
The asking price for this property is $3,260,000.
What are key features of this property?
This property features: Prime location in Denton's active rental corridor, near the University of North Texas and Texas Woman's University; 34‑unit multifamily asset offering consistent demand and strong connectivity; Proximity to major area employers, dining, and retail amenities
