1219 Scripture Street, Denton, TX 76201
Local realty services provided by:ERA Myers & Myers Realty
1219 Scripture Street,Denton, TX 76201
$325,000
- 4 Beds
- 4 Baths
- 2,280 sq. ft.
- Multi-family
- Active
Listed by: steven geis
Office: ray gun commercial
MLS#:21267280
Source:GDAR
Price summary
- Price:$325,000
- Price per sq. ft.:$142.54
About this home
Craftsman Duplex & Two Cottages Blocks from UNT.
8.1% Cap on Actual T12 at $325,000.
1219-1223 Scripture St. is four rental units in three buildings on a deep 0.216-acre lot, a few blocks north of the UNT campus and the Fry Street district, Denton’s primary restaurant and bar corridor, and about a mile from the Downtown Denton Square.
At $325,000 ($81,250 per unit, $143.55 per SF), the trailing 12 months (Aug 2025 to Jul 2026) produced $26,283 in NOI with capital items expensed: an 8.1% cap rate. Stabilized with all four units leased and a 6% vacancy allowance, NOI is $26,696, an 8.2% cap. Neither figure includes the rent upside below. Unit 1223 renewed through June 30, 2027. Unit 1219.5 has been vacant since March 2026; leasing it at $850 a month adds $10,200 a year in gross income. Tenants pay electric and gas; the owner pays water on two units.
The upside is in updating the interiors while keeping the character. The front duplex is Craftsman-style with a wide covered porch, and the two cottages behind it share a yard and a concrete patio. The partly updated cottage at 1221, with washer and dryer included, rents for $1,075, which is $225 more than the larger duplex units. Bringing both duplex units to that standard would add $5,400 a year in gross income, and both already have washer and dryer hookups. The Seller has spent approximately $33,300 on capital items from 2022 through 2025 (page 7).
The property is in FEMA Zone X (not a flood zone) per the 2022 survey.
- Walk to UNT Campus, Fry Street & the Square
- Room to Grow Rents - The larger duplex units rent for $225 less than the partly updated cottage at 1221, and both already have washer and dryer hookups.
- Vintage Character - Craftsman-style duplex with bracketed gables, deep eaves, and a wide covered porch.
- Immediate Lease-Up - Leasing 1219.5 at $850 month adds $10,200 year in gross income.
- Multiple Tenant Pools - appeals to students as well as non-students and professionals....
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Home facts
- Year built:1950
- Subdivision & Development:unknown
- Listing ID #:21267280
- Added:187 day(s) ago
- Updated:November 15, 2026 at 12:42 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:4
- Full bathrooms:4
- Flooring:Luxury Vinyl Plank
- Kitchen Description:Electric Range, Refrigerator
- Living area:2,280 sq. ft.
Heating and cooling
- Cooling:Window Units
- Heating:Wall Furnace
Structure and exterior
- Year built:1950
- Building area:2,280 sq. ft.
- Lot area:0.22 Acres
- Construction Materials:Wood Siding
Schools
- High school:Denton
- Middle school:Calhoun
- Elementary school:Newton Rayzor
Finances and disclosures
- Price:$325,000
- Price per sq. ft.:$142.54
Features and amenities
- Appliances:Electric Range, Gas Water Heater, Refrigerator
Parking
- Total parking spaces:4
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