← All homes

2404 Louise Street #2404 & 2420

Denton, TX 76201

$4,300,000

24 units · 1967

Units24
Building area9,720 sq ft
Year built1967
Gross income$316,800/yr
Cap rate5.37% as listed
Parking34 spaces
Lot size0.72 acres
TypeApartment

What it costs to own

Taxes$22,154 per year
HOANone listed
Operating expenses$82,054 per year — as listed
Insurance$4,000 per year — as listed
Net operating income$230,746 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral, Natural Gas
CoolingCeiling Fan(s), Central Air
FlooringCarpet, Luxury Vinyl Plank
AppliancesDishwasher, Disposal, Gas Range, Microwave, Plumbed For Gas in Kitchen, Refrigerator
Interior featuresCable TV Available, Granite Counters, High Speed Internet Available, Multiple Staircases

Construction materialsBrick
RoofComposition, Flat
FoundationSlab

Lot featuresCorner Lot, Level
FencingChain Link, Wood
Water sourceCity Water, Master Water Meter
SewerCity Sewer
ElectricElectricity Connected
UtilitiesCable Available, Master Gas Meter

SubdivisionOwsley Park
Community featuresCurbs, Sidewalks

ElementaryNewton Rayzor
Middle schoolCalhoun
High schoolDenton
DistrictDenton ISD

Gross income$316,800 per year
Operating expenses$82,054 per year
Operating includesMaintenance, Maintenance Grounds, Maintenance Structure, Pest Control, Supplies, Trash, Utilities, Water/Sewer
Insurance$4,000 per year
Cap rate5.37% — as listed
Net operating income$230,746 per year

MLS #21194900
Source
On the market39 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryEl Pariente · 0.2 mi
Nearest parkOwsley Park · 0.1 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

Listing courtesy of Star Realty — Ara Minassian.

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 2404 Louise Street #2404 & 2420 Text Robert & Stephen

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21194900. Information last updated April 10, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

Scroll to Top