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503-507 Pearl St, Denton, TX, 76201

3beds
3baths
2,392sqft
$395,000
$165price/sqft
$3,251/moest. monthly cost
$130,040/yrincome needed

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

89
WalkingVery Walkable
44
TransitSome Transit
81
BikeVery Bikeable

Schools

5/10
5/10
Calhoun Middle SchoolGrades 6-80.2 mi
5/10
Denton High SchoolGrades 9-122.8 mi

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