# 505 W Morgan Street, Denison, TX 75020

> **TL;DR:** 4bd/4ba multi-family, $347,500, built 1915.
> Hardwood. Est. $1,506/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $347,500 |
| Bedrooms | 4 |
| Bathrooms | 4 full |
| Year Built | 1915 |
| Lot Size | 5,009 sqft (0.11 acres) |
| Stories | 2 |
| Property Type | Multi-Family (Quadruplex) |
| Status | For Sale |
| Days on Market | 0 |

## Why This Home Stands Out

- **Hardwood Floors** - Throughout the home

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $1,506 |
| **Total** | **$1,506** |

## Nearby Schools

- **Elementary:** Goldenrule

## Key Amenities

- Hardwood

## Property Highlights

- Built in 1915
- 0.12 acre lot
- 2 stories
- 6 parking spaces

## Description

### Agent Description
Investors and savvy buyers will find a rare gem in this fully updated 4-plex at 505 W Morgan St, which perfectly hits the elusive 1% rule and boasts a stabilized 8% cap rate, ensuring it remains cashflow positive from day 1. This property has undergone a full cosmetic remodel and offers significant structural peace of mind with a foundation repaired in 2024 and a roof replaced in 2017. The layout includes a spacious main building and a separate garage apartment featuring 3 reliable long term tenants who would like to stay (Unit 101 at $850, Unit 102 at $850, Unit 202 at $750) though the vacant unit (Unit 201) provides a perfect opportunity to househack and maximize your returns. Positioned for both incredible appreciation and strong monthly cashflow, this location is poised to benefit from the massive population explosion coming to Denison with the nearby billion-dollar Preston Harbor and Margaritaville developments. Tenants will love the convenience of being just blocks away from the historic charm of Downtown Denison, the recreation at Forest Park, and the community spirit of Munson Stadium. Do not miss this turnkey opportunity to own a high-performing asset in the heart of the North Texas boom. Everything is separately metered and tenants pay all utilities. 

Based on full ask offer, the mortgage would be as follows (Estimates not final, subject to change with market rates, credit, insurance cost, and other varying factors):

- 25% Down Conventional Investment Loan: PITI of $2,624
- 3.5% Down FHA Loan for Househack: PITI of $3,236

Using preferred lender Taylor Hoff, he will provide a free 0.25% discount on interest rate for investment loans, and a free 1-0 buydown for FHA loans

## Location

- **Address:** 505 W Morgan Street, Denison, TX 75020
- **County:** Grayson
- **Neighborhood:** Stevens Add
- **Coordinates:** 33.751963, -96.542031
- **Google Maps:** https://www.google.com/maps?q=33.751963,-96.542031

## Listing Agent

- **Name:** Jett Waters
- **Brokerage:** Bray Real Estate Group- Dallas
- **Phone:** 9723749994
- **Email:** jett@brayreg.com

## Primary Photo

![505 W Morgan Street - Primary Photo](http://lh.rdcpix.com/97af87061a2dbaaacc914440fedfbf87l-f2917329878r.jpg)

*33 total photos available on [listing page](https://www.propertysimple.com/listing/505-w-morgan-street-denison-tx-75020-21256732)*

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**MLS#:** 21256732 | **Updated:** 2026-06-18
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/505-w-morgan-street-denison-tx-75020-21256732)

---

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