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505 W Morgan Street, Denison, TX 75020

Denison
Local realty services provided by:CENTURY 21 Elite
505 W Morgan Street,Denison, TX 75020
$347,500
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  • 4 Beds
  • 4 Baths
  • 2,770 sq. ft.
  • Multi-family
  • Active
Listed by: jett waters
Office: bray real estate group- dallas
MLS#:21256732
Source:GDAR

Price summary

  • Price:$347,500
  • Price per sq. ft.:$125.45

About this home

Investors and savvy buyers will find a rare gem in this fully updated 4-plex at 505 W Morgan St, which perfectly hits the elusive 1% rule and boasts a stabilized 8% cap rate, ensuring it remains cashflow positive from day 1. This property has undergone a full cosmetic remodel and offers significant structural peace of mind with a foundation repaired in 2024 and a roof replaced in 2017. The layout includes a spacious main building and a separate garage apartment featuring 3 reliable long term tenants who would like to stay (Unit 101 at $850, Unit 102 at $850, Unit 202 at $750) though the vacant unit (Unit 201) provides a perfect opportunity to househack and maximize your returns. Positioned for both incredible appreciation and strong monthly cashflow, this location is poised to benefit from the massive population explosion coming to Denison with the nearby billion-dollar Preston Harbor and Margaritaville developments. Tenants will love the convenience of being just blocks away from the...

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Home facts

  • Year built:1915
  • Listing ID #:21256732
  • Added:50 day(s) ago
  • Updated:June 21, 2026 at 11:46 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Full bathrooms:4
  • Flooring:Hardwood
  • Kitchen Description:Electric Range
  • Living area:2,770 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fans, Electric, Multi Units, Wall Window Units
  • Heating:Space Heater, Wall Furnace

Structure and exterior

  • Roof:Composition
  • Year built:1915
  • Building area:2,770 sq. ft.
  • Lot area:0.11 Acres
  • Foundation Description:Pillar Post Pier
  • Levels:2 Story

Schools

  • High school:Denison
  • Middle school:Henry Scott
  • Elementary school:Goldenrule

Finances and disclosures

  • Price:$347,500
  • Price per sq. ft.:$125.45

Features and amenities

  • Appliances:Electric Range, Electric Water Heater

Parking

  • Total parking spaces:6
MLS LogoInformation provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated June 21, 2026 Listings with the NTREIS logo are listed by brokerages other than CENTURY 21 Elite. GDAR Member Broker: Mike Salter

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