1219 Scripture St, Denton, TX 76201

Property Description

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.