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About This Home
This 24-bedroom, 12-bathroom multi-family at 1231 W Morton Street in Denison, TX is listed for $1,050,000. Built in 1955, on a 1.00 acres lot.
Rare opportunity to acquire a 12-unit multifamily property in a high-demand North Texas rental market with immediate upside potential. This property in Denison consists of six duplex buildings, offering operational efficiency, diversified income streams, and strong tenant appeal.
Positioned on W Morton Street with excellent access and visibility, the asset is strategically located near downtown Denison, retail corridors, schools, and major commuter routes—driving consistent rental demand.
Six duplexes, 12 units. Two units updated with high end finishes, granite, hardwood, stainless appliances, windows, HVAC, detached 2-car garage. Remaining 10 units include upgrades and repairs, hardwood, ample parking and tenant paid utilities. Room for value add presents greater rental upside with full rehab. Very convenient proximity to Denison and Lake Texoma visitors.
Key Features
- Built in 1955
- 1.00 acre lot
- 2 stories
- 24 parking spaces
Property Details
Monthly Cost Estimate
$5,616/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1231 W Morton Street
Denison, TX 75020
Millers 2nd Add
Features & Amenities
Interior Features
Exterior Features
Property Details
Flooring
Construction
Parking
Heating
Cooling
Appliances
Questions & Answers
This 24-bedroom, 12-bathroom multi-family at 1231 W Morton Street is listed at $1,050,000. The estimated monthly payment is $4,550 based on 20% down at 6.5% interest.
Key features include: Built in 1955, 1.00 acre lot, 2 stories, 24 parking spaces. Interior Features: Cable Tv Available, Decorative Lighting, High Speed Internet Available. Exterior Features: Covered Patio/Porch.
This property is listed by Prasanthi Morusupalli and can be reached at 8556593400 or gansanrealty@gmail.com.