505 W Morgan Street, Denison, TX 75020

Denison
Local realty services provided by:ERA Courtyard Real Estate
505 W Morgan Street,Denison, TX 75020
$347,500
Virtual Tour
  • 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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with an ERA®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If an ERA®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE® , CENTURY 21® , Coldwell Banker® , Corcoran® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1915
  • Listing ID #:21256732
  • Added:62 day(s) ago
  • Updated:July 02, 2026 at 11:48 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 July 2, 2026 Listings with the NTREIS logo are listed by brokerages other than ERA Courtyard Real Estate.

New listings near 505 W Morgan Street