Owsley Park Condos for Sale

Owsley Park Condos for Sale

Welcome to Owsley Park, a charming subdivision nestled in the heart of Denton, Texas. This vibrant community offers a perfect blend of modern living and small-town charm, making it an ideal place for families, young professionals, and retirees alike. With its tree-lined streets and beautifully landscaped parks, Owsley Park is designed for those who appreciate both nature and convenience.

One of the standout features of Owsley Park is its proximity to Denton's bustling downtown area, where you can explore a variety of local shops, restaurants, and entertainment options. The community is also conveniently located near major highways, ensuring easy access to nearby cities and attractions. Whether you’re looking for a leisurely afternoon at the local farmers' market or a night out enjoying live music, Owsley Park puts you in the center of it all.

For those searching for a home in this delightful subdivision, you’ll be pleased to discover an array of condos for sale. These modern residences boast open floor plans, stylish finishes, and ample natural light, providing a comfortable and inviting atmosphere. Many condos feature private balconies or patios, perfect for enjoying the Texas sunshine. With various sizes and layouts available, there’s a perfect fit for every lifestyle.

In Owsley Park, you’re not just buying a condo; you’re investing in a community that values connection, convenience, and quality of life. Don’t miss your chance to call this wonderful neighborhood home! Explore the condos for sale today and discover the vibrant lifestyle that awaits you in Owsley Park, Denton.

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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