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2320 W Prairie St, Denton
$3,495,000
59 Beds ⋅ 31 Baths ⋅ 21408420 MLS
Location. 31 units, 22,350 rentable SF, at 2320 W. Prairie St., Denton, TX: a 6-8 minute walk (0.3 mi) to UNT's Union Circle campus, half a mile to Fry Street. No new supply gets close. The Renegade (104 units, downtown) and NRP Village (under construction through 2027) sit 1.1 and 1.6 miles out, so a location this convenient for students is tough to find. Condition. Built 1974, comprehensively renovated 2016-17: new HVAC, electrical (brought to code), stainless appliances, LVT flooring, new siding and windows, rebuilt staircases, plus a commercial water heater installed around 2021. Roof estimated 2014. On-site coin laundry adds a small, stable income stream. The renovation is now nearly ten years old, so refreshing units is a straightforward value-add play to increase rents. Occupancy. Denton-wide rent softness from new supply (down ~4.5% over the past year) has this property at 77% leased. None of the new supply driving that softness is anywhere close to this location, the nearest sits over a mile out. Supply competes on price across the student market, and proximity fills first when demand returns. Demand is anchored by UNT's ~43,500 students plus TWU down the road. Returns. Trailing NOI of $198,408 puts the cap rate at 5.7% on the $3,495,000 ask. In-place rents ($1,040 for 2br, $825 for 1br) run well below nearby comps: Oaks of Denton ($930-960 for 1br, $1,199 for 2br), The Dominion ($895 for 1br, $1,095 for 2br). Filling vacancies and pushing rents to $1,150 for $875, conservative next to those comps, gets NOI to $222,063 and a 6.4% cap rate. Utility bill back (water, gas, trash, all owner-paid today) adds further upside not reflected above, alongside low-cost items like a resurfaced lot and exterior branding.

2320 W Prairie St, Denton
2422-2428 Charlotte St, Denton
$2,950,000
32 Beds ⋅ 30 Baths ⋅ 21408209 MLS
Built in 1964, Charlotte Place Apartments is a 30-unit, two-building community that sits 0.7 miles (a 14-minute walk) from the core of University of North Texas Union Circle campus (approx. 40,000 students on the Denton campus, fall 2025) and less than a mile from the popular Fry Street area, Denton's primary restaurant and bar corridor. Charlotte Place offers a straightforward mix of 14 studios (virtually identical to the 1 bedroom units), 14 one-bedrooms, and 2 two-bedrooms. Studios and one-bedrooms are the easiest units to lease near UNT, due to higher demand from students, graduate students, and young professionals who want to live alone close to campus. Residents pay their own unit electric; the owner covers only water and trash and common area electric (property lighting and laundry room). The property underwent a full renovation in 2012: new kitchens and bathrooms with new cabinets, appliances, and wood flooring in living and kitchen areas; all above-slab plumbing replaced with PVC and water lines fully replaced; new copper wiring with individual electric meters installed and all AC units replaced. Nine units have since received some alternate styling updates (different flooring, painted cabinets and hardware) and all units come with a full kitchen appliance package, ceramic tile baths and a mix of luxury vinyl tile and hardwood flooring. On-site laundry, an outdoor courtyard, and a nearby DCTA bus stop round out the amenity package. The property is currently 90% leased. Denton's multifamily sector is working through an abundance of new apartment supply with rents down 5.7% year-over-year per Apartment List (October 2026), though rents have risen 3.1% year-to-date and vacancy rates are described as still elevated (Denton Record-Chronicle, July 2026). Charlotte Place is leasing up against that backdrop and doing well. An easy move that doesn't require additional capital is adding a modest $30 month utility reimbursement.

2422-2428 Charlotte St, Denton
2532 Charlotte St Unit A-B, Denton
$1,300,000
16 Beds ⋅ 8 Baths ⋅ 21393851 MLS
Welcome to The Reserve located Near UNT with easy access to I-35. 2 buildings with 4 units each. All are 2 bed 1 bath. Units have tub and shower combo. Each unit comes with gas range, dishwasher microwave or vent hood and refrigerator. Laminate or LVP flooring in all units. 100% occupied. Laundry room on site with 2 washers and 2 dryers coin operated. Parking lot located at front of buildings with community mailbox. Recent updates include 2 75-gallon gas water heaters. Sale will include both units. A Parcel Id R296836 B Parcel Id R27346.

2532 Charlotte St Unit A-B, Denton
2404 Louise St Unit 2404 & 2420, Denton
$4,300,000
47 Beds ⋅ 24 Baths ⋅ 21194900 MLS
24 Unit Apartment Buildings (12 & 12) 1 Block from UNIVERSITY OF NORTH TEXAS CAMPUS! Over the last few years, owner has spent large sums of money to not only Remodel Units but to significantly improve the infrastructure. All old HVAC systems replaced, Many of the Gas Water Heaters replaced, Most flooring and Paint in the last 2 years. Some units have undergone further remodeling with new kitchens with more cabinet space. All but 1 unit are 2 bedroom 1 bath. Most come with all stainless appliances including dishwashers. The ones with new kitchens excluded dishwashers as requested by many tenants who prefer cabinet space. Market rents have been low to accommodate construction both on the street and in the building. Now is your opportunity to put your finishing touches to make it shine and raise rents back up to $1400 or $1500 per unit as we did prior to last year's construction. Take advantage of the potential upswing. Great for your first apartment complex or experts increasing their portfolio.

2404 Louise St Unit 2404 & 2420, Denton

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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