4-Unit Apartment
For Sale
$1,300,000
2532 Charlotte Street A-B, Denton, TX 76201
Apartments include central air, kitchen appliances, and off-street parking.
Property Size5,760 SF
Days on Market10
Property Features for 2532 Charlotte Street A-B
General Information
Standard status
Active
Size
5,760 SF
Property subtype
Apartment
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$9,080
Building Details
Building Size
5,760 SF
Year Built
1971
Listing Agency:
Seeto Realty
Listed By:
Jennifer Kirk · License #0584526
(972) 509-7100
Source:
Baerealty
Added: Sep 28
Changed: Oct 4
Last Checked: Oct 7 at 3:03PM
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 Seeto Realty
Investment Insights
Based on property information with market context.
This four-unit apartment property in Denton was built in 1971 and contains 5,760 square feet. Interior features include eat-in kitchens, ceiling fans, central air, and exhaust fans. Kitchens are equipped with dishwashers, gas ranges, and refrigerators; microwaves and vented exhaust fans are also included.
The property has a parking lot with off-street parking. I-35 access is via the Bonnie Brae exit.
The property has a parking lot with off-street parking. I-35 access is via the Bonnie Brae exit.
Key Highlights
- Four‑unit apartment property with 5,760 square feet
- Built in 1971
- Units feature eat‑in kitchens, ceiling fans, and central air
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$99,903
Cap Rate
7.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,998,060
$2.0M
Cap Rate 7%
$1,427,186
$1.4M
Cap Rate 9%
$1,110,033
$1.1M
Market Conditions
NOI Build-Up for 5,760 SF
Gross rent
$160.4K $27.84/SF
− Vacancy
−$17.6K −$3.06/SF
EGI
$142.7K $24.78/SF
− OpEx
−$42.8K −$7.43/SF
NOI
$99.9K $17.34/SF
Area
Denton, TX
Vacancy
11.00%
Lease Rate
$27.84 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,998,060
Cap Rate 7%
$1,427,186
Cap Rate 9%
$1,110,033
Alternative Uses
Best Use
Multifamily LT 5
$1.43M
$1.25M – $1.67M
NOI $99,903 @ 7.0% cap · market cap 7.68%
Second Best
Apartment 5plus
$1.25M
$1.09M – $1.46M
NOI $87,587 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$1.80M
$1.57M – $2.10M
NOI $125,973 @ 7.0% cap · market cap 9.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
863
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?
Quadplex - Apartments include central air, kitchen appliances, and off-street parking.
Where is this quadplex located?
The property is located at 2532 Charlotte Street A-B Denton, TX.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit apartment property with 5,760 square feet; Built in 1971; Units feature eat‑in kitchens, ceiling fans, and central air
