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    Fully Updated 4-Plex Investment Title is generated by Realmo AI

    505 W Morgan Street, Denison, TX 75020

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    Claim this Listing
    For Sale
    $347,500

    MULTI_FAMILY - Denison, TX

    Lot size:
    0.12 Acres
    Added:
    May 2, 2026
    Days on Market:
    48
    Last Refresh:
    Jun 18 at 7:06 pm

    Property Features for 505 W Morgan Street

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bathroom 3, Bathroom 4, Bedroom 4, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 2, Bedroom 3
    Parking
    6
    Parking features
    Driveway
    Patio and Porch features
    Porch
    Interior features
    DecorativeDesignerLightingFixtures, HighSpeedInternet, NaturalWoodwork
    Appliances
    ElectricRange, ElectricWaterHeater
    Standard status
    Active
    APN
    146033
    Lot size
    0.12 Acres

    Taxes and HOA fees

    Tax Description
    STEVENS ADDN, BLOCK 21, LOT S 100FT 15

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Space Heater
    Cooling system
    Electric, Window Unit(s), Ceiling Fan(s), Multi Units
    Water source
    Public

    Building Details

    Year built
    1915
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Hardwood
    Roof type
    Composition

    We can help!

    Listing Contact
    Jett Waters

    Listing agent Jett Waters License #0788045

    Listing office Bray Real Estate Group- Dallas Dallas, TX

    Listing date May 2, 2026

    MLS# 21256732 Listing URL

    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.

    HighLights

    • 4‑plex at 505 W Morgan St; separate garage apartment plus main building, built in 1915
    • Foundation repaired in 2024 and roof replaced in 2017
    • Fully updated with a full cosmetic remodel
    • 4 units total: Unit 101 $850, Unit 102 $850, Unit 202 $750; Unit 201 is vacant
    • Utilities are separately metered and tenants pay all utilities
    • Public water and public sewer; composition roof; driveway parking

    Overview

    This fully updated 4-plex includes a main building plus a separate garage apartment, with multiple units currently leased on long-term terms. The property has been through a full cosmetic remodel and provides structural improvements that buyers typically look for, including a foundation repair in 2024 and a roof replacement in 2017. All units are separately metered, and tenants pay their own utilities. A vacant unit also offers flexibility for house hacking or for an owner to reposition the unit to maximize returns.

    Located in Denison, Texas at 505 W Morgan Street, the property is positioned for both rental stability and neighborhood convenience. The surrounding area includes access to Downtown Denison’s historic charm, recreation at Forest Park, and the community atmosphere associated with Munson Stadium. The listing also highlights local growth expectations tied to major nearby developments.

    With three reliable long-term tenants currently in place and one additional unit available, this asset is well suited for an investor seeking a stabilized, updated rental setup or a buyer interested in occupying one unit while collecting rent from the others. The combination of turnkey condition, dedicated utility billing, and supported capital improvements can help reduce operational uncertainty from the start.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Denison
    County
    Grayson
    State
    Texas
    Longitude
    -96.542031
    Latitude
    33.751963

    FAQs

    What type of property is this?
    Quadplex - Turnkey, separately metered 4-plex with recent roof replacement and 2024 foundation repairs, offering immediate rental income.
    Where is this quadplex located?
    The property is located at 505 W Morgan Street Denison, TX.
    What is the asking price?
    The asking price for this property is $347,500.
    What are key features of this property?
    This property features: 4‑plex at 505 W Morgan St; separate garage apartment plus main building, built in 1915; Foundation repaired in 2024 and roof replaced in 2017; Fully updated with a full cosmetic remodel
    More about this property
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