$295,000

Estimated payment $1,851/month

Total Views 3,962
3 Beds
3 Baths
1,965 Sq Ft
$150 Price per Sq Ft

Highlights

  • Deck
  • Covered patio or porch
  • Vinyl Plank Flooring
  • Denton High School Rated A-
  • 1-Story Property
  • Central Heating and Cooling System

About This Home

2207 N Elm St is a classic 1930 triplex on extra large lot in the heart of Denton, just blocks from Texas Woman’s University and minutes to Downtown Denton Square. Each of the three 1BR 1BA units offers an average of 655 SF (per owner provided rent roll), with plenty of upside for a buyer looking to renovate and boost income potential. Includes front and rear outdoor areas with a covered front porch and back deck. All HVACs were replaced and some interior work was done 2023-2024 including new flooring, some bathroom and kitchen reconditioning.

The property's location and unit configuration make it attractive to students and professionals alike. As of Fall 2024, Texas Woman's University had a total enrollment of 16,338 students. Regarding faculty and staff, TWU employs approximately 4,146 individuals as of the 2023–2024 academic year. This substantial campus population contributes to a steady demand for nearby housing, particularly for properties like this one which is within walking distance of TWU.

The property is zoned R7 which supports a variety of residential uses, including triplexes, which aligns with the current configuration. While some commercial uses are permitted, they often require additional approvals to ensure they fit within the neighborhood context. Short-term rentals are also an option, provided they meet the city's regulatory requirements. This property is bundled as a package with the lot behind this one and both have to be purchased together (MLS #20977450). That property is zoned R3 providing a potential assemblage with this triplex for a slightly larger multifamily development. See Broker for more details.

- Walkable to Texas Woman's University and 1.4 Miles from Downtown Denton Square
- Textbook Small Value-Add Investment Property for Increased Rental Income Through Continued Renovations
- Potential Redevelopment with Assemblage of Additional Lot For Sale
- Easy Access US-380 (University Dr.) & Public Transportation

Listing Agent

Steven Geis

Ray Gun Commercial Listed on: 06/21/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,837

Year Built

  • Built in 1930

Lot Details

  • 8,625 Sq Ft Lot
  • Wood Fence

Home Design

  • Triplex
  • Pillar, Post or Pier Foundation
  • Shingle Roof

Interior Spaces

  • 1,965 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Vinyl Plank Flooring
  • Electric Range

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Gravel Driveway
  • Additional Parking

Outdoor Features

  • Deck
  • Covered patio or porch

Schools

  • Evers Park Elementary School
  • Denton High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number R34324

Community Details

Overview

  • 1,965 Sq Ft Building
  • N H Meisenheimer Subdivision

Building Details

  • Gross Income $29,916
  • Net Operating Income $22,408

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,837

Year Built

Built in 1930

Lot Details

0

Listing Details

  • OWNERNAME: N/A
  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • CapRate: 7.6
  • Co List Office Mls Id: RGCR01LV
  • Special Features: None
  • Year Built: 1930

Interior Features

  • Square Footage: 1965.0
  • Interior Amenities: Other
  • Flooring: Vinyl
  • Appliances: Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 3
  • Total Bedrooms: 3

Exterior Features

  • Foundation: Pillar/Post/Pier
  • Community Features: Curbs, Sidewalks
  • Fencing: Wood
  • Roof: Shingle
  • Construction Materials: Wood Siding
  • Pool Features: None
  • Patio And Porch Features: Rear Porch, Covered, Deck, Front Porch
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Additional Parking, Asphalt, Gravel
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central
  • Utilities: Electricity Available, Electricity Connected, Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Evers Park
  • High School: Denton
  • Junior High Dist: Denton ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.198
  • Parcel Number: R34324
  • Lot Size Acres: 0.198
  • Lot Size Sq Ft: 8624.88

Building Info

  • Year Built: 1930
  • Units Total: 3

Multi Family

  • Insurance Expense: 1638.0
  • Annual Gross Income: 29916.0
  • Property Net Operating Income: 22408.0

MLS Schools

  • MiddleOrJuniorSchool: Calhoun

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,837 $155,000 $51,570 $103,430
2024 $2,837 $147,000 $51,570 $95,430
2023 $2,673 $140,000 $51,570 $88,430
2022 $2,229 $105,000 $51,570 $53,430
2021 $1,996 $89,805 $32,231 $57,574
2020 $2,053 $89,805 $32,231 $57,574
2019 $2,127 $89,123 $32,231 $56,892
2018 $1,282 $53,059 $28,463 $24,596
2017 $1,438 $58,170 $28,463 $29,707
2016 $1,359 $55,000 $28,463 $26,537
2015 $1,201 $48,000 $21,994 $26,006
2013 -- $46,000 $21,994 $24,006
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/21/2025 06/21/25 For Sale $295,000 -- $150 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- Commonwealth Title
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $80,000 Stand Alone Refi Refinance Of Original Loan
Source: Public Records

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20977396

North Texas Real Estate Information Systems (NTREIS)

APN: R34324