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1303 Fannin Street

Denton, TX 76201

$1,390,000

8 units · 1963

Units8
Building area3,709 sq ft
Year built1963
Gross income$118,800/yr
Cap rate6.45% as listed
Parking10 spaces
Lot size0.483 acres
TypeResidential Income

What it costs to own

Taxes$8,349 per year
HOANone listed
Operating expenses$29,110 per year — as listed
Insurance$6,200 per year — as listed
Net operating income$89,690 per year — as listed

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

About this home

8 Units on Multi-Family Zoned Land Zoned MN Right Next to Each Other at 1305 Fannin, 1316 Margie, 1404 Margie One Block From The University of North Texas, UNT! The Properties are Two Triplexes and a Duplex 100% Rented That Back Up to Each Other and Cashflow Nicely While Staying Easily Rented! There is Always a Line Out the Door to Rent These Units! This Hot Location is Perfect to Build a New Three Story Apartment Complex or Keep It Like It Is! Almost All the Units are Tastefully Updated and Have Backyards! These Units Look Better Than Almost Anything Out There So There’s Always a Rapid Influx of People Wanting to Rent Since Nothing Compares! They Are Walking Distance to UNT, Biking Distance to the Downtown Denton Square, and Driving Distance to TWU. They’re Perfect for College Students or Working Professionals! NO HOA, LOW TAXES, LAND ZONED FOR MULTIFAMILY! There’s Plenty of Upside Potential to Increase Rents Add Additional Units or Build a Brand New Apartment Complex as the Zoning Allows!

The details

HeatingCentral, Natural Gas
CoolingCentral Air, Electric
FlooringLaminate, Varies, Wood
AppliancesRefrigerator
Interior featuresCable TV Available, Decorative Lighting, Granite Counters, High Speed Internet Available

Construction materialsSiding, Wood
RoofComposition
FoundationPillar/Post/Pier

Lot featuresLandscaped, Lrg. Backyard Grass
FencingChain Link, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionEwing Add

ElementaryBorman
Middle schoolCalhoun
High schoolDenton
DistrictDenton ISD

Gross income$118,800 per year
Operating expenses$29,110 per year
Operating includesInsurance, Trash, Utilities, Water/Sewer
Insurance$6,200 per year
Cap rate6.45% — as listed
Net operating income$89,690 per year

MLS #21221228
Source
Price changeReduced by $60,000 · Oct 7, 2026
On the market339 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryLa Azteca Meat Market · 0.8 mi
Nearest parkClark Park · 0.3 mi

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Listing courtesy of Scott Brown Properties, Inc — Jonathan King.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21221228. Information last updated October 7, 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.

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