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Four-Unit Multifamily Conversion

406 W Morgan Street, Denison, TX 75020

For Sale
$199,000

ResidentialIncome, Denison, TX

Property Size3,640 SF
Lot Size0.34 Acres
Price / SF$54.67
Days on Market48

Property Features for 406 W Morgan Street

General Information

Property type Residential Multi Family
Property subtype Quadruplex
Bedrooms 9
Bathrooms 6
Full bathrooms 6
Rooms Bedroom 7, Bedroom 5, Bedroom 8, Bathroom 2, Bathroom 4, Bathroom 6, Bedroom 6, Bedroom 9, Bathroom 1, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 1
Parking 6
Parking features Driveway
Subdivision OTP Denison
Middle school Henry Scott,Mcdaniel
High school Denison
Elementary school district Denison ISD
Middle school district Denison ISD
High school district Denison ISD
Directions Use GPS to 406 W Morgan Street, Denison, TX 75020. Property fronts West Morgan Street; rear alley access is shown on the survey.
Standard status Active
APN 459583
Size 3,640 SF
Lot size 0.34 Acres

Taxes and HOA fees

Tax Description OTP DENISON BLK 72 REPLAT LT 2 & 3, BLOCK 72,
Tax Annual Amount 3862
Legal Description OTP DENISON BLK 72 REPLAT LT 2 & 3, BLOCK 72,

Utilities

Sewer type Public Sewer
Water source Public

Building Details

Year built 1980
Floors in Building 1
Number of units 4
Building materials Brick, MetalSiding
Roof type Metal
Buildings 1
Listing Agency: Texas Ally Real Estate Group
Listed By: Nir Sheinbein · License TX #0795672
Added: Sep 24 Changed: Oct 26 Last Checked: Nov 10 at 9:06PM
MLS# 21394114

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 3,640-square-foot building is an unfinished renovation project intended for conversion into four residential units. The interior has been taken down to the studs; it is not a completed or currently rentable fourplex. Architectural plans and permits are reported approved, with buyer verification advised for permit validity, transfer requirements, zoning, dimensions, and completion and occupancy requirements.

The property occupies 0.344 acres at 406 W Morgan Street in Denison. It was built in 1980 and has driveway parking, public water, and public sewer. Exterior materials include brick and metal siding, with a metal roof.

Key Highlights

  • Planned conversion to four residential units
  • 3,640 square feet on 0.344 acres
  • Interior taken down to the studs; not currently rentable

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

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

Frequently Asked Questions

What type of property is this?
Quadplex - The 1980 building is unfinished, with its interior taken down to the studs for a planned residential renovation.
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: Planned conversion to four residential units; 3,640 square feet on 0.344 acres; Interior taken down to the studs; not currently rentable
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