Wooded Residential Development
For Sale
Contact for pricing
830 E Morgan Street, Denison, TX 75021
Land, Denison, TX
Property Size1,008 SF
Lot Size1.70 Acres
Price / SF$18.85
Days on Market107
Property Features for 830 E Morgan Street
General Information
Property type
Land
Property subtype
Other
Zoning description
Single Family Residential
Vegetation
Wooded
Subdivision
Oakwood Park Addition
Lot features
Acreage, Hardwood Trees, Many Trees, City Lot
Elementary school
Lamar
Middle school
Henry Scott
High school
Denison
Elementary school district
Denison ISD
Middle school district
Denison ISD
High school district
Denison ISD
Directions
From Main Street in Denison head east. Turn right onto Center Street. Take another right onto E Morgan St. Property will be at the end of the road where Morgan St ends
Standard status
Active
APN
146586
Lot size
1.70 Acres
Taxes and HOA fees
Tax Description
Lots 16, 17, 18 and 19, Block 8; Lot 9, Block 9;
Legal Description
Lots 16, 17, 18 and 19, Block 8; Lot 9, Block 9;
Utilities
Water source
Well
Building Details
Year built
1920
Listing Agency:
HBL, Realtors
(903) 786-6063
Listed By:
Carmen Dutton · License #0797614
(903) 624-0688
Added: Jul 19
Changed: Sep 22
Last Checked: Nov 2 at 11:06PM
MLS# 21281650
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.
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Investment Insights
Based on property information with market context.
This wooded residential land offering consists of approximately 1.7+ acres across four adjoining parcels in East Denison city limits. The property features mature oak, walnut, and elm trees and includes a beautiful creek, with a private, secluded setting.
Existing improvements include a 1920-built home of approximately 1,008 sq ft that is considered a tear-down, along with an older water well that may require repair or replacement. Electric is available on-site, and the property currently does not have city water or sewer infrastructure. Access is via gravel road.
All parcels are being sold together and the property is offered AS-IS. No survey will be provided; the buyer will be responsible for obtaining a new survey if desired. Buyer is advised to verify all information.
Existing improvements include a 1920-built home of approximately 1,008 sq ft that is considered a tear-down, along with an older water well that may require repair or replacement. Electric is available on-site, and the property currently does not have city water or sewer infrastructure. Access is via gravel road.
All parcels are being sold together and the property is offered AS-IS. No survey will be provided; the buyer will be responsible for obtaining a new survey if desired. Buyer is advised to verify all information.
Key Highlights
- Approximately 1.7+ acres across four adjoining parcels in East Denison city limits (sold together)
- Heavily wooded lot with mature oak, walnut, and elm trees, plus a creek and private setting
- 1920‑built home on‑site of approximately 1,008 SF is considered a tear‑down; sold AS‑IS
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,000
$137.0K
Cap Rate 7%
$97,857
$97.9K
Cap Rate 9%
$76,111
$76.1K
Market Conditions
NOI Build-Up for 1,008 SF
Gross rent
$14.2K $14.04/SF
− Vacancy
−$1.7K −$1.68/SF
EGI
$12.5K $12.36/SF
− OpEx
−$5.6K −$5.56/SF
NOI
$6.8K $6.80/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,000
Cap Rate 7%
$97,857
Cap Rate 9%
$76,111
Alternative Uses
Best Use
Apartment 5plus
$97.9K
$85.6K – $114.2K
NOI $6,850 @ 7.0% cap · market cap 36.05%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$517.1K
$452.5K – $603.3K
NOI $36,197 @ 7.0% cap · market cap 190.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
68
Businesses Nearby
Explore this area
Business Placement
Demographics for 75021, TX
8,288
Population
3,871
Households
2.1
Avg Household Size
44
Median Age
17%
College-Educated
90%
High-School Grad
58.4 sq mi
ZIP Area
142
Density / Sq Mi
$67,159
Median Household Income
$36,955
Median Earnings
$900
Median Rent
$188,600
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Heavily wooded acreage in Denison city limits across four adjoining parcels, with a tear-down home and creek.
Where is this residential land & home lot located?
The property is located at 830 E Morgan Street Denison, TX.
What are key features of this property?
This property features: Approximately 1.7+ acres across four adjoining parcels in East Denison city limits (sold together); Heavily wooded lot with mature oak, walnut, and elm trees, plus a creek and private setting; 1920‑built home on‑site of approximately 1,008 SF is considered a tear‑down; sold AS‑IS
