Listing provided courtesy of Stag Residential- MLS# 21178207MLS ProviderContact Information: Jeff Withers

503-507 Pearl StreetDenton, TX 76201

Multi-Family · 3 Beds · 1 Full Bath · 2,392 Sq. ft. | 0.35 Acres
$395,000 Active

503-507 Pearl Street Overview

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Opportunity knocks for investors or house-hackers looking to generate income from day one. This three-unit income-producing property offers immediate cash flow with $3,195 in total monthly rental income already in place. Positioned in a highly desirable location just minutes from the historic Denton Square and both local universities, the property benefits from strong and consistent rental demand driven by students, faculty, and professionals who want quick access to dining, entertainment, and campus life. The layout provides flexibility for multiple strategies. Investors can continue operating all three units as rentals for steady income, or an owner-occupant can live in one unit while the other two help offset the mortgage each month—essentially letting your tenants help pay for the property. With three separate units generating income, this property offers diversification under one roof while keeping management simple. The location near major Denton destinations further strengthens long-term rental appeal and future appreciation potential. Whether you're expanding your portfolio, entering the rental market, or looking for a smart live-and-invest opportunity, this property delivers a rare combination of location, flexibility, and built-in income. Income properties this close to the Square and universities don’t come along often—schedule your showing and explore the possibilities.

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503-507 Pearl Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 2,392
  • Price/Sq.ft. $165
  • Lot 0.35 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Denton ISD
  • Elementary School: Wilson
  • Middle Or Junior School: Calhoun
  • High School: Denton

Building Information

  • Year Built: 1949
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Denton
  • Postal City: DENTON
  • Subdivision Name: Carroll Park

Tax Information

  • Tax Annual Amount: 5726.0

General Information

  • Listing Terms: Cash,Conventional,Owner Will Carry
  • Parcel Number: R32644
  • Property Type: Residential Income

Interior

Beds/Baths

  • Bathrooms Full: 1
  • Bathrooms Half: 0
  • Bathrooms Total: 1
  • Bedrooms Total: 3

Building Interior

  • Building Area Source: Public Records
  • Building Area Total: 2392.0

General Information

  • Appliances: Gas Range
  • Flooring: Other
  • Foundation Details: Pillar/Post/Pier
  • Interior Features: Cable TV
  • Levels: One
  • Stories: 1

Exterior

Parking Information

  • Parking Features: Driveway
  • Parking Total: 2.0

Lot Information

  • Lot Size Acres: 0.354
  • Lot Size Area: 0.354
  • Lot Size Square Feet: 15420.24
  • Lot Size Units: Acres
  • Number Of Buildings: 2

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Frame
  • Roof: Composition

General Information

  • Number Of Units Total: 2
  • Pool Features: None
  • Road Frontage Type: All Weather Road
  • Utilities: Cable Available

Unit Information

Unit 2 Details

  • Unit Type: 1 Bedroom
  • Units Total: 2

Unit 3 Details

  • Unit Type: 1 Bedroom

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1
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503-507 Pearl Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.
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