Updated Hardwood-Floor
For Sale
$195,000
925 West Morton Street, Denison, TX 75020
Two-unit property with refreshed interiors, central air, and a layout suited to separate occupancy.
Property Size2,067 SF
Price / SF$94.34
Days on Market168
Property Features for 925 West Morton Street
General Information
Standard status
Active
Size
2,067 SF
Total Parking Spaces
4
Property subtype
Multi-Family / Full Duplex
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Additional Details
Highway Access
Yes
Amenities
Ceiling Fan(s), Central Air
Central
Tile, Wood
Electric Oven, Electric Range
Cable TV Available
No
Composition
One
1
Pillar/Post/Pier
Assessor
2
Brick
Building Details
Year Built
1962
Buildings
1
Listing Agency:
Seeto Realty
Listed By:
Michael Seeto · License #0496025
(214) 228-2281
Source:
Compass
Added: Mar 20
Changed: Aug 31
Last Checked: Aug 30 at 8:40AM
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 Seeto Realty
Investment Insights
Based on property information with market context.
This duplex contains 2,067 square feet across two residential units, each offering two bedrooms, one full bathroom, and a primary bedroom with a large walk-in closet. Recent improvements include updated original hardwood flooring and new interior paint. Central air, ceiling fans, tile, wood finishes, an electric oven, and an electric range are included. The property was built in 1962 and is being sold as-is as a HUD-owned property.
Located near downtown Denison, the property is also close to US75, stores, and restaurants. The two-unit configuration provides separate residential spaces within one building, with unit addresses identified as 925 and 927. Buyer to verify all information and conditions.
Located near downtown Denison, the property is also close to US75, stores, and restaurants. The two-unit configuration provides separate residential spaces within one building, with unit addresses identified as 925 and 927. Buyer to verify all information and conditions.
Key Highlights
- Duplex totaling 2,067 square feet
- Two units, each with 2 bedrooms and 1 full bath
- Large walk‑in closet in each primary bedroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,845
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,900
$316.9K
Cap Rate 7%
$226,357
$226.4K
Cap Rate 9%
$176,056
$176.1K
Market Conditions
NOI Build-Up for 2,067 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.5K $12.36/SF
− Vacancy
−$2.9K −$1.41/SF
EGI
$22.6K $10.95/SF
− OpEx
−$6.8K −$3.29/SF
NOI
$15.8K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,900
Cap Rate 7%
$226,357
Cap Rate 9%
$176,056
Alternative Uses
Best Use
Multifamily LT 5
$226.4K
$198.1K – $264.1K
NOI $15,845 @ 7.0% cap · market cap 8.13%
Second Best
Apartment 5plus
$200.7K
$175.6K – $234.1K
NOI $14,046 @ 7.0% cap · market cap 7.20%
Theoretical Best
Hotel Hospitality
$1.06M
$927.8K – $1.24M
NOI $74,226 @ 7.0% cap · market cap 38.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
793
Businesses Nearby
Explore this area
Business Placement
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property with refreshed interiors, central air, and a layout suited to separate occupancy.
Where is this duplex located?
The property is located at 925 West Morton Street Denison, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Duplex totaling 2,067 square feet; Two units, each with 2 bedrooms and 1 full bath; Large walk‑in closet in each primary bedroom
