Owsley Park Condos for Sale

Owsley Park Condos for Sale

Welcome to Owsley Park, a vibrant and inviting subdivision nestled in the heart of Denton, Texas. This charming community offers a perfect blend of suburban tranquility and urban convenience, making it an ideal place for families, young professionals, and retirees alike. With its picturesque tree-lined streets and beautifully landscaped common areas, Owsley Park radiates a warm and welcoming atmosphere.

One of the standout features of this subdivision is its variety of condos for sale, catering to diverse lifestyles and preferences. Whether you’re seeking a cozy one-bedroom for a low-maintenance lifestyle or a spacious three-bedroom unit perfect for a growing family, Owsley Park has something to suit your needs. These modern condos boast open floor plans, contemporary finishes, and abundant natural light, creating inviting spaces to relax and entertain.

Residents of Owsley Park enjoy access to an array of amenities, including nearby parks, walking trails, and recreational facilities, perfect for outdoor enthusiasts. The community is conveniently located just minutes from Denton’s bustling downtown area, where you can explore eclectic shops, delightful restaurants, and vibrant cultural attractions. Plus, with easy access to major highways, commuting to nearby cities is a breeze.

Investing in a condo in Owsley Park means embracing a lifestyle filled with convenience, comfort, and community spirit. Don’t miss your chance to be part of this delightful neighborhood—explore the available condos for sale today and discover your new home in Owsley Park!

Newest Owsley Park Condos for Sale

2320 W Prairie St, Denton
$3,495,000
59 Beds ⋅ 31 Baths ⋅ 21408420 MLS ⋅ Center Stage Apartments BLDG.
Location. 31 units, 22,350 rentable SF, at 2320 W. Prairie St., Denton, TX: a 6-8 minute walk (0.3 mi) to UNT's Union Circle campus, half a mile to Fry Street. No new supply gets close. The Renegade (104 units, downtown) and NRP Village (under construction through 2027) sit 1.1 and 1.6 miles out, so a location this convenient for students is tough to find. Condition. Built 1974, comprehensively renovated 2016-17: new HVAC, electrical (brought to code), stainless appliances, LVT flooring, new siding and windows, rebuilt staircases, plus a commercial water heater installed around 2021. Roof estimated 2014. On-site coin laundry adds a small, stable income stream. The renovation is now nearly ten years old, so refreshing units is a straightforward value-add play to increase rents. Occupancy. Denton-wide rent softness from new supply (down ~4.5% over the past year) has this property at 77% leased. None of the new supply driving that softness is anywhere close to this location, the nearest sits over a mile out. Supply competes on price across the student market, and proximity fills first when demand returns. Demand is anchored by UNT's ~43,500 students plus TWU down the road. Returns. Trailing NOI of $198,408 puts the cap rate at 5.7% on the $3,495,000 ask. In-place rents ($1,040 for 2br, $825 for 1br) run well below nearby comps: Oaks of Denton ($930-960 for 1br, $1,199 for 2br), The Dominion ($895 for 1br, $1,095 for 2br). Filling vacancies and pushing rents to $1,150 for $875, conservative next to those comps, gets NOI to $222,063 and a 6.4% cap rate. Utility bill back (water, gas, trash, all owner-paid today) adds further upside not reflected above, alongside low-cost items like a resurfaced lot and exterior branding.

2320 W Prairie St, Denton

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Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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