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$390,000

2615 N Elm St, Denton, TX, 76201

On MarketInfo
Just AddedInfo
Beds3 Beds
Baths2 Bath
Baths2,472 Sq Ft
QuadruplexQuadruplex
price_per_sqft$157.77 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2Bathrooms Full 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating GasHeating Gas
FlooringOther

Exterior

Lot Size19,598 sqft

Building Information

Year Built1947
Stories2
Roof Type105
Garage Spaces3

Land Information

APNR34264
SubdivisionN. H. Meisenheimer
Land UseResidential
Legal DescriptionA0811A N. H. MEISENHEIMER, TR 133, .4499 ACRES, OLD DCAD TR 18
Census Tract020402
Assessed Land Value$80,597
Assessed Improvement Value$170,202
Assessment Year2025

About this property

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!

Investor Tools

$0Estimated Mortgage Balance
$405,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,430 /month
Positive
Cash Flow Estimate:
$810 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$487/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,817
$192,000
2025
$80,597
$170,202
$250,799
No

Tax History

Year
Tax Paid
Assessed Value
2025
$3,817
$192,000

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Prime Lending Inc
Unknown
$36,700
No
First
N/A
Feb 2018

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$405,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,972/mo
N/A
+$1,972/mo
5.8%

City: Denton

2615 N Elm St | Property Details | No Agent List