1231 W MORTON STREET #1231, DENISON, TX 75020
Homes for sale in Denison.
Homes for sale in 75020.
List Price$1,050,000
1231 W Morton Street #1231
Denison, TX 75020
Listing #21191195
About This Property
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.
Property Features
Location Information
County
Grayson
Subdivision
Millers 2nd Add
Interior Features
Interior
Decorative/Designer Lighting Fixtures, High Speed Internet, Cable TV
Cooling
Central Air, Ceiling Fan(s), Electric, Window Unit(s)
Full Baths
12
Floors
Ceramic Tile, Laminate, Wood
Has Fireplace
No
Appliances
Dishwasher, Electric Range, Disposal, Gas Range, Gas Water Heater, Microwave, Refrigerator, Washer
Heating
Electric, Natural Gas
Total Number of Units
12
Exterior Features
Stories
2
Lot Description
Acreage
Construction
Brick
Lot Size in Acres
1
Foundation
Pillar/Post/Pier
Lot Size in Sq. Ft.
43,560
Roof
Composition
Buildings
6
Utilities
Sewer Available, Water Available, Cable Available
Building Total Area (Sq. Ft.)
13,920
Parking Description
Assigned, Garage
Road Description
Asphalt
Has Garage
Yes
Is One Story
No
Patio / Deck Description
Patio, Covered
Lot Description
Acreage
Pool Description
None
School
Elementary School District
Denison ISD
Jr. High School
Henry Scott
Elementary School
Terrell
High School
Denison
Additional Information
Year Built Details
Preowned
Year Built
1955
Property Type
RI
Status
Active
Property SubType
Apartment
Has a Home Owners Association
No
Mortgage Calculator
$4,903
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,783
Monthly Tax
$875
Monthly Insurance
$245
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Prasanthi Morusupalli, Powerstar Realty
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NTREIS - North Texas data last updated at July 21, 2026, 6:24 PM CT
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