# 2320 W Prairie Street, Denton, TX 76201

> **TL;DR:** 0bd/31ba multi-family, $3,495,000, built 1974.
> A/C. Est. $18,692/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,495,000 |
| Bathrooms | 31 full |
| Year Built | 1974 |
| Lot Size | 33,018 sqft (0.76 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Apartment) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $17,673 |
| Estimated Insurance | $1,019 |
| **Total** | **$18,692** |

## Nearby Schools

- **Elementary:** Newton Rayzor
- **Middle:** Calhoun
- **High:** Denton

## Key Amenities

- A/C

## Property Highlights

- Built in 1974
- 0.76 acre lot
- 2 stories
- 45 parking spaces

## Description

### Agent Description
Location. 31 units, 22,350 rentable SF, at 2320 W. Prairie St., Denton, TX: a 6-8 minute walk (0.3 mi) to UNT's Union Circle campus, half a mile to Fry Street. No new supply gets close. The Renegade (104 units, downtown) and NRP Village (under construction through 2027) sit 1.1 and 1.6 miles out, so a location this convenient for students is tough to find. Condition. Built 1974, comprehensively renovated 2016-17: new HVAC, electrical (brought to code), stainless appliances, LVT flooring, new siding and windows, rebuilt staircases, plus a commercial water heater installed around 2021. Roof estimated 2014. On-site coin laundry adds a small, stable income stream. The renovation is now nearly ten years old, so refreshing units is a straightforward value-add play to increase rents. Occupancy. Denton-wide rent softness from new supply (down ~4.5% over the past year) has this property at 77% leased. None of the new supply driving that softness is anywhere close to this location, the nearest sits over a mile out. Supply competes on price across the student market, and proximity fills first when demand returns. Demand is anchored by UNT's ~43,500 students plus TWU down the road. Returns. Trailing NOI of $198,408 puts the cap rate at 5.7% on the $3,495,000 ask. In-place rents ($1,040 for 2br, $825 for 1br) run well below nearby comps: Oaks of Denton ($930-960 for 1br, $1,199 for 2br), The Dominion ($895 for 1br, $1,095 for 2br). Filling vacancies and pushing rents to $1,150 for $875, conservative next to those comps, gets NOI to $222,063 and a 6.4% cap rate. Utility bill back (water, gas, trash, all owner-paid today) adds further upside not reflected above, alongside low-cost items like a resurfaced lot and exterior branding.

## Location

- **Address:** 2320 W Prairie Street, Denton, TX 76201
- **County:** Denton
- **Neighborhood:** Owsley Park
- **Coordinates:** 33.211086, -97.157501
- **Google Maps:** https://www.google.com/maps?q=33.211086,-97.157501

## Listing Agent

- **Name:** Steven Geis
- **Brokerage:** Ray Gun Commercial
- **Broker Phone:** 9403685559
- **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/2320-W-Prairie-St_Denton_TX_76201_M77605-10948?f=listhub&s=NTREIS&m=21408420&c=propsimple)

## Photos

![2320 W Prairie Street - Photo 1](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3397487435r.jpg)

![2320 W Prairie Street - Photo 2](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f1206509181r.jpg)

![2320 W Prairie Street - Photo 3](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f2826185364r.jpg)

![2320 W Prairie Street - Photo 4](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f4109508562r.jpg)

![2320 W Prairie Street - Photo 5](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3524412167r.jpg)

![2320 W Prairie Street - Photo 6](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3249581921r.jpg)

![2320 W Prairie Street - Photo 7](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f1846594178r.jpg)

![2320 W Prairie Street - Photo 8](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f970950197r.jpg)

![2320 W Prairie Street - Photo 9](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3539578441r.jpg)

![2320 W Prairie Street - Photo 10](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f1859271088r.jpg)

![2320 W Prairie Street - Photo 11](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f197784367r.jpg)

![2320 W Prairie Street - Photo 12](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f1761693084r.jpg)

![2320 W Prairie Street - Photo 13](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f417622947r.jpg)

![2320 W Prairie Street - Photo 14](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f1036814881r.jpg)

![2320 W Prairie Street - Photo 15](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3704195471r.jpg)

![2320 W Prairie Street - Photo 16](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3948809701r.jpg)

![2320 W Prairie Street - Photo 17](http://lh.rdcpix.com/d8f1275148cca426c4d38d25a5114049l-f3823779660r.jpg)

---

**MLS#:** 21408420 | **Updated:** 2026-10-31
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/2320-w-prairie-street-denton-tx-76201-54ae59ea11d9426bb1de00f21953106e)

---

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