Local realty services provided by:Better Homes and Gardens Real Estate Rhodes Realty
417 Withers Street,Denton, TX 76201
$2,600,000
- 30 Beds
- 22 Baths
- 18,040 sq. ft.
- Multi-family
- Pending
Listed by: steven geis
Office: ray gun commercial
MLS#:20865774
Source:GDAR
Price summary
- Price:$2,600,000
- Price per sq. ft.:$144.12
About this home
PRiCE REDUCED TO $2,600,000.
La Maureta Apartments is a 22-unit multifamily property ideally located just half a block from Texas Woman’s University (TWU) and within walking distance to historic downtown Denton, offering excellent visibility and accessibility. With easy access to Loop 288, University Drive (US-377) and Denton transit stations, the property is well-positioned to attract a diverse tenant base, including students, young professionals and families. Additionally, La Maureta benefits from its direct proximity to the 32-acre Quakertown Park, a popular recreational space featuring walking paths, sports courts and an aquatic center.
Denton’s strong rental market is fueled by its rapid population growth, over 16.29% in the last four years and 40% since 2010, as well as the presence of major educational institutions, TWU and the University of North Texas (UNT), which enroll over 65,000 students combined.
La Maureta offers a value-add opportunity with significant upside potential. Modernizing the units with wood plank-style vinyl flooring, stainless steel appliances and premium counter tops can drive rental increases, potentially boosting income by approximately $35,000 annually and adding $500K in property value at a 7% cap rate. Further revenue streams could be unlocked through adding covered parking spaces for an estimated $20-$30 per month per space and implementing a water conservation program potentially reducing utility expenses by 20-50% annually.
• Value Add Opportunity
• Potentially Add Carports for Additional Income
• Implement Water Conservation Program
• Half Block from Texas Woman's University
• Great Visibility on Heavily Traveled Route to TWU
• Within Walking Distance to Historic Downtown Denton
• Easy Access to Loop 288 & University Dr. (US-377)
• Strong Rental Market
• Significant Population Growth
Contact an agent
Home facts
- Year built:1985
- Listing ID #:20865774
- Added:327 day(s) ago
- Updated:January 29, 2026 at 09:20 AM
Rooms and interior
- Bedrooms:30
- Total bathrooms:22
- Full bathrooms:22
- Living area:18,040 sq. ft.
Heating and cooling
- Cooling:Ceiling Fans, Central Air, Electric
- Heating:Central, Electric
Structure and exterior
- Year built:1985
- Building area:18,040 sq. ft.
- Lot area:0.7 Acres
Schools
- High school:Denton
- Middle school:Calhoun
- Elementary school:Newton Rayzor
Finances and disclosures
- Price:$2,600,000
- Price per sq. ft.:$144.12
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