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2615 Elm Street

Denton, TX 76201

$390,000

3 units · 1947

Units3
Building area2,472 sq ft
Year built1947
Gross income$58,950/yr
Cap rate11.47% as listed
Parking8 spaces
Lot size0.45 acres
TypeQuadruplex

What it costs to own

Taxes$3,817 per year
HOANone listed
Operating expenses$14,226 per year — as listed
Insurance$1,511 per year — as listed
Net operating income$44,724 per year — as listed

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

About this home

Exceptional multifamily opportunity in Denton! 2615 North Elm Street offers a versatile four-unit property featuring a triplex and a separate single-family residence, providing multiple rental opportunities in one convenient location. The triplex includes two 1-bedroom, 1-bath units and one 2-bedroom, 1-bath unit, while the additional single-family residence offers 2 bedrooms and 1 bath. This unique property provides an attractive opportunity for investors looking to expand their rental portfolio with multiple units at one address. Conveniently located near the University of North Texas, Texas Woman’s University, Downtown Denton, shopping, dining, and major roadways, the property benefits from easy access to local amenities and employment centers. Whether you're an experienced investor or looking to establish your first multifamily investment, this property offers flexibility and potential in an established Denton location. Don't miss the opportunity to explore everything this four-unit property has to offer!

The details

HeatingNatural Gas
CoolingCentral Air
FlooringOther
AppliancesOther
Interior featuresOther

Construction materialsFrame, Wood
RoofComposition
FoundationSlab

Lot featuresInterior Lot
Water sourceCity Water
SewerCity Sewer

SubdivisionN H Meisenheimer

ElementaryEvers Park
Middle schoolCalhoun
High schoolDenton
DistrictDenton ISD

Gross income$58,950 per year
Operating expenses$14,226 per year
Insurance$1,511 per year
Cap rate11.47% — as listed
Net operating income$44,724 per year

MLS #21408264
Source
On the market4 days
CountyDenton

Around this home

One moment…

Everyday life

Nearest groceryNatural Grocers · 0.4 mi
Nearest parkJim Carter Memorial Park · 0.4 mi

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Listing courtesy of NB Elite Realty — Matthew Gallagher.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21408264. Information last updated October 13, 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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