131-139 HOUSTON STREET, ITALY, TX 76651
Homes for sale in Italy.
Homes for sale in 76651.
List Price$735,000
131-139 Houston Street
Italy, TX 76651
Listing #21343744
About This Property
Turnkey 4-unit multi-family built in 2020 -- two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities -- every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.
Property Features
Location Information
County
Ellis
Subdivision
E D Harrsion
Interior Features
Interior
Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Kitchen Island, Open Floorplan
Cooling
Central Air, Ceiling Fan(s), Electric
Full Baths
8
Floors
Carpet, Laminate
Has Fireplace
No
Appliances
Dishwasher, Electric Cooktop, Electric Oven, Disposal, Microwave
Heating
Central, Electric
Total Number of Units
4
Exterior Features
Stories
1
Fencing
Wood
Construction
Brick
Pool Description
None
Foundation
Slab
Lot Size in Acres
0.569
Roof
Composition
Lot Size in Sq. Ft.
24,785
Utilities
Sewer Available, Water Available
Buildings
2
Parking Description
Driveway, Shared Driveway
Building Total Area (Sq. Ft.)
5,000
Garage Spaces
0
Is One Story
Yes
School
Elementary School District
Italy ISD
Jr. High School
Italy
Elementary School
Stafford
High School
Italy
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Quadruplex
Tax Annual Amount
16252.0
Year Built
2020
Similar Listings
Mortgage Calculator
$3,431
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,648
Monthly Tax
$612
Monthly Insurance
$171
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
Neil Clements, Keller Williams Realty
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NTREIS - North Texas data last updated at August 7, 2026, 11:51 AM CT
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