503-507 Pearl St, Denton, TX, 76201
About This Home
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.
Getting Around
Very Walkable
Some Transit
Very BikeableSchools
Construction
Condition
- Year built: 1949
Materials
- Foundation: Pillar/Post/Pier
- Roof: Composition
- Construction materials: Frame
Type & Style
- Home type: MultiFamily
- Property subType: Multi Family
Interior
Appliances
- Appliances included: Gas Range
Bedrooms & Bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 1
Features
- Cable TV
- Flooring: Other
Heating & Cooling
- Heating features: Central
- Cooling features: Central Air
Interior Area
- Total structure area: 2,392
- Total interior livable area: 2,392 sqft
Property
Details
- Parcel number: R32644
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Lot size: 0.35 Acres
Parking
- Total spaces: 2
- Parking features: Driveway
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Tornado
- Hail
- Cold Wave
- Heat Wave
- Ice Storm
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,997 | $23,964 |
| Home Insurance * | $348 | $4,176 |
| Property Taxes | $644 | $7,728 |
| Electricity | $262 | $3,151 |
| Total | $3,251 | $39,012 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-03-17 | Price change | $395,000 |
| 2026-02-12 | Listed for sale | $400,000 |
For Sale by Agent
View on Zillow