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1101 N Locust St 6 Unit Apartment Building $1,950,000 ($325,000/Unit) Denton, TX 76201
Executive Summary
This turn-key property delivers stable, in-place income with a true 5.9% cap rate and clear upside to 7.7%+ through scheduled rent adjustments beginning this winter. All units are fully renovated, all major systems are newer and in excellent condition, and long-term tenants are already in place making this a low-maintenance, high-efficiency asset ideal for investors seeking both cash flow and capital preservation
With each unit positioned approximately $500/month below market, an investor can organically increase NOI by over $35,000 annually without any additional capital improvements. That’s rare in today’s market a stabilized property with built-in rent growth in a walkable university corridor that continues to outperform broader DFW rent trends.
Denton’s university-driven demand, low vacancy rates, and population growth create a rental ecosystem that stays full even in softer economic cycles.
Whether you’re a 1031 exchange buyer, a cash investor, or expanding your North Texas portfolio, this Denton multifamily checks every box location, condition, cash flow, and growth.
With each unit positioned approximately $500/month below market, an investor can organically increase NOI by over $35,000 annually without any additional capital improvements. That’s rare in today’s market a stabilized property with built-in rent growth in a walkable university corridor that continues to outperform broader DFW rent trends.
Denton’s university-driven demand, low vacancy rates, and population growth create a rental ecosystem that stays full even in softer economic cycles.
Whether you’re a 1031 exchange buyer, a cash investor, or expanding your North Texas portfolio, this Denton multifamily checks every box location, condition, cash flow, and growth.
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Property Facts
| Price | $1,950,000 | Apartment Style | Low-Rise |
| Price Per Unit | $325,000 | Building Class | C |
| Sale Type | Investment | Building Size | 9,240 SF |
| Sale Condition | High Vacancy Property | No. Stories | 1 |
| No. Units | 6 | Year Built | 1984 |
| Property Type | Multifamily | Parking Ratio | 0.11/1,000 SF |
| Property Subtype | Apartment |
| Price | $1,950,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| Sale Condition | High Vacancy Property |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 9,240 SF |
| No. Stories | 1 |
| Year Built | 1984 |
| Parking Ratio | 0.11/1,000 SF |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Dishwasher
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Crown Molding
- Kitchen
- Granite Countertops
- Refrigerator
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Walk-In Closets
- Yard
- Dining Room
- Patio
- Window Coverings
- Large Bedrooms
Site Amenities
- Trash Pickup - Curbside
- Individual Locking Bedrooms
- Private Bathroom
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2.5 | 6 | - | 1,540 |
Walk Score®
Very Walkable (81)
Bike Score®
Very Bikeable (79)
Property Taxes
| Parcel Number | R135486 | Improvements Assessment | $147,821 |
| Land Assessment | $10 | Total Assessment | $147,831 |
Property Taxes
Parcel Number
R135486
Land Assessment
$10
Improvements Assessment
$147,821
Total Assessment
$147,831
Contacts
-
Cristal Gonzalez -
Joe Kaiser -
Benjamin Jimenez -
Briggs Freeman Sotheby's International Realty
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