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.
Listed by Jeff Withers
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Stag Residential
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940-391-2028
Last updated March 06, 2026
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Source: NTREIS #21178207
Listing Facts
TypeMulti-family
NeighborhoodCarroll Park
Bedrooms3
Bathrooms1
Days on Prevu32
Amenities
Pets Allowed
Air Conditioning
Parking
Location
Mortgage Calculator
Listing History
02/12/2026
Listed by Stag Residential
$400,000
Property Details for 503-507 Pearl Street
Exterior
Construction
Number Of Units Total: 2
Roof: Composition
Year Built: 1949
Year Built Details: Preowned
Construction Materials: Frame
Measurements
Building Area Total: 2,392
Lot Size Acres: 0.35
Lot Size Area: 0
Lot Size Square Feet: 15,420
Lot Size Units: Acres
Financial
Taxes
Parcel Number: R32644
Interior
Features
Appliances: Gas Range
Flooring: Other
Interior Features: Cable TV Available
Rooms
Bathrooms Full: 1
Bathrooms Total Integer: 1
Bedrooms Total: 3
Other
Location
Subdivision Name: Carroll Park
Tax Block: 1
Tax Lot: 1
Parking
Parking
Parking Features: Driveway
Schools
Elementary School
Elementary School: Wilson
Utilities
Equipment
Cooling: Central Air
Heating: Central
Utilities: All Weather Road
Frequently Asked Questions
How many bedrooms and bathrooms does this multi-family home have?
There are 3 bedrooms and 1 bathroom in this multi-family home at 503-507 Pearl Street .
What schools are nearby to 503-507 Pearl Street ?
Nearby schools include the Wilson Elementary School.
How does 503-507 Pearl Street compare to other multi-family homes in Carroll Park?
This multi-family home is listed 29% above the average price for multi-family homes in Carroll Park and has been on the market for 171 less days than the typical home in this area.
What building or home owners association is the multi-family home part of?
This multi-family home is in the Carroll Park building.
503-507 Pearl Street is a 3-bedroom, 1-bath multi-family home for sale in Denton Texas 76201. Listed on Prevu for 32 days at $400,000. This property is located in Denton. The median listing price for multi-family homes in this area is $310,000. Nearby schools include Wilson Elementary School. Property amenities include pets allowed, air conditioning, and parking. View other multi-family home listings in Denton.
Based on information from NTREIS and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.