2207 N Elm St is a classic 1930 triplex on extra large lot in the heart of Denton, just blocks from Texas Woman’s University and minutes to Downtown Denton Square. Each of the three 1BR 1BA units offers an average of 655 SF (per owner provided rent roll), with plenty of upside for a buyer looking to renovate and boost income potential. Includes front and rear outdoor areas with a covered front porch and back deck. All HVACs were replaced and some interior work was done 2023-2024 including new flooring, some bathroom and kitchen reconditioning. The property's location and unit configuration make it attractive to students and professionals alike. As of Fall 2024, Texas Woman's University had a total enrollment of 16,338 students. Regarding faculty and staff, TWU employs approximately 4,146 individuals as of the 2023–2024 academic year. This substantial campus population contributes to a steady demand for nearby housing, particularly for properties like this one which is within walking distance of TWU. The property is zoned R7 which supports a variety of residential uses, including triplexes, which aligns with the current configuration. While some commercial uses are permitted, they often require additional approvals to ensure they fit within the neighborhood context. Short-term rentals are also an option, provided they meet the city's regulatory requirements. This property is bundled as a package with the lot behind this one and both have to be purchased together (MLS #20977450). That property is zoned R3 providing a potential assemblage with this triplex for a slightly larger multifamily development. See Broker for more details. - Walkable to Texas Woman's University and 1.4 Miles from Downtown Denton Square - Textbook Small Value-Add Investment Property for Increased Rental Income Through Continued Renovations - Potential Redevelopment with Assemblage of Additional Lot For Sale - Easy Access US-380 (University Dr.) & Public Transportation