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Four-Unit Residential Conversion Property
New
For Sale
$199,000

406 W Morgan Street, Denison, TX 75020

The existing structure is stripped to its framing and requires renovation before occupancy.

Property Size3,640 SF
Days on Market2

Property Features for 406 W Morgan Street

General Information

Standard status Active
Size 3,640 SF
Property subtype Quadruplex

Additional Details

Multifamily Units 4

Taxes and HOA fees

Annual Taxes $3,862

Building Details

Building Size 3,640 SF
Year Built 1980
Buildings 1
Listing Agency: Texas Ally Real Estate Group
Listed By: Nir Sheinbein · License #0795672
Source: Texasliferealestate
Added: Sep 26 Last Checked: Sep 26 at 3:20PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Ally Real Estate Group

Investment Insights

Based on property information with market context.

Built in 1980, the property is an unfinished renovation project with the existing structure taken down to the studs. It is not a completed or rentable fourplex. Seller reports that architectural plans for a four-unit residential conversion and the required permits have been approved; renovation and completion remain outstanding.

Key Highlights

  • Existing structure is taken down to the studs; renovation remains unfinished
  • Approved architectural plans are reported for a four‑unit residential conversion
  • Seller reports required permits have been approved

Property Analytics

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Current Use

Quadplexes

Suggested Use

Top Pick Dental Office Storage Facility Law Firm Real Estate Agency Nail Salon HVAC Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

4
Residential units

Location Intelligence

Trade Area within ½ mile

924
Businesses Nearby

Demographics for 75020, TX

23,782
Population
10,802
Households
2.2
Avg Household Size
42
Median Age
19%
College-Educated
90%
High-School Grad
61.0 sq mi
ZIP Area
390
Density / Sq Mi
$66,308
Median Household Income
$38,656
Median Earnings
$1,136
Median Rent
$187,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Quadplex - The existing structure is stripped to its framing and requires renovation before occupancy.
Where is this quadplex located?
The property is located at 406 W Morgan Street Denison, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Existing structure is taken down to the studs; renovation remains unfinished; Approved architectural plans are reported for a four‑unit residential conversion; Seller reports required permits have been approved
More about this property
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