Denton Multifamily Investment
For Sale
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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 Market214
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: Oct 9
Last Checked: Oct 14 at 8:21PM
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.
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 / Yr
$211,972
Cap Rate
6.50%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
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
