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.
For sale
$395,000
503-507 Pearl St, Denton, TX 76201
3beds
2,392sqft
Multi Family
Built in 1949
-- sqft lot
$367,100 Zestimate®
$165/sqft
$-- HOA
What's special
- 203 days
- 250
- 10
Zillow last checked:
Listing updated:
Listed by:
Jeff Withers 0644917,
Stag Residential 940-400-7824
Source: NTREIS,MLS#: 21178207
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 1
- Full bathrooms: 1
Heating
- Central
Cooling
- Central Air
Appliances
- Included: Gas Range
Features
- Cable TV
- Flooring: Other
Interior area
- Total structure area: 2,392
- Total interior livable area: 2,392 sqft
Video & virtual tour
Property
Parking
- Total spaces: 2
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Pool features: None
Lot
- Size: 0.35 Acres
Details
- Parcel number: R32644
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Frame
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1949
Utilities & green energy
- Utilities for property: Cable Available
Community & HOA
Community
- Subdivision: Carroll Park
HOA
- Has HOA: No
Location
- Region: Denton
Financial & listing details
- Price per square foot: $165/sqft
- Tax assessed value: $368,000
- Annual tax amount: $5,726
- Date on market: 2/12/2026
- Cumulative days on market: 204 days
- Listing terms: Cash,Conventional,Owner Will Carry
Estimated market value
$367,100
$349,000 - $385,000
$1,625/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/7/2026 | Listed for sale | $395,000$165/sqft |
Source: NTREIS #21178207 Report a problem | ||
| 7/30/2026 | Contingent | $395,000$165/sqft |
Source: NTREIS #21178207 Report a problem | ||
| 3/17/2026 | Price change | $395,000-1.3%$165/sqft |
Source: NTREIS #21178207 Report a problem | ||
| 2/12/2026 | Listed for sale | $400,000$167/sqft |
Source: NTREIS #21178207 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $5,726 +23.6% | $288,000 +20% |
| 2024 | $4,632 -2.2% | $240,000 -3.2% |
| 2023 | $4,735 +6.8% | $248,000 +18.7% |
| 2022 | $4,434 +7.2% | $208,889 +9.2% |
| 2021 | $4,136 +3% | $191,377 +5.9% |
| 2020 | $4,016 +2.1% | $180,646 +5% |
| 2019 | $3,931 +2.7% | $172,000 +7.2% |
| 2018 | $3,827 | $160,396 +3.5% |
| 2017 | -- | $154,957 +26.5% |
| 2016 | -- | $122,514 +3.2% |
| 2015 | -- | $118,750 +0.2% |
| 2014 | -- | $118,456 -1.4% |
| 2013 | -- | $120,120 -0.4% |
| 2012 | -- | $120,545 +1% |
| 2011 | -- | $119,393 -2% |
| 2010 | -- | $121,806 -9.8% |
| 2007 | -- | $135,001 +0.2% |
| 2006 | $3,664 +27.7% | $134,790 +27.7% |
| 2005 | $2,869 | $105,587 -2.3% |
| 2004 | -- | $108,089 -1.2% |
| 2003 | -- | $109,384 +18.6% |
| 2002 | -- | $92,243 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Oak Hickory Historic District
Nearby schools
Schools provided by the listing agent
- Elementary: Wilson
- Middle: Calhoun
- High: Denton
- District: Denton ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





