500-502 OWINGS STREET, DENISON, TX 75020
Homes for sale in Denison.
Homes for sale in 75020.
500-502 Owings Street
Denison, TX 75020
List Price$500,000
Listing #21145741
About This Property
Turn-key income-producing duplex in a high-demand downtown location with a proven history of minimal vacancy and premium rent pricing. This low-maintenance property offers an ideal opportunity for investors seeking stable cash flow in a market with strong tenant demand for both short and long term. Each unit features a well-designed 3-bedroom, 2.5-bath layout with an attached 2-car garage, a rare and highly desirable amenity that supports higher rental rates. The design maximizes tenant privacy with the only shared wall located at the garage and entrances on opposite ends--helping reduce tenant turnover and increase long-term retention. Interior features include a first-floor primary suite, additional flex spaces ideal for home offices, raised ceilings, granite countertops, stainless steel appliances, luxury vinyl flooring throughout, designer finishes, separate utility room and full blinds package. Energy-efficient foam insulation keeps operating costs low while maintaining tenant comfort. Outdoor amenities include a covered porch and patio, fenced courtyard, and park-facing views, adding lifestyle appeal in an urban setting. The property's walkable location to historic downtown Denison, restaurants, grocery stores, festivals, and major employers drives consistent demand. Centrally located near Texoma Medical Center, Sherman, Lake Texoma, and Choctaw Casino. With strong rental demand, low operating expenses, and an excellent location, this property is well-suited for both long-term hold investors and those seeking a high-quality asset in a growth corridor. A rare opportunity to acquire a low-maintenance duplex in an area where rental inventory is limited and demand remains strong.
Property Features
Location Information
County
Grayson
Subdivision
Stevens Addition
Interior Features
Interior
High Speed Internet, Cable TV, Wired for Sound
Heating
Central, Electric, Heat Pump
Full Baths
4
Cooling
Central Air, Ceiling Fan(s), Electric, Heat Pump
1/2 Baths
2
Floors
Carpet, Ceramic Tile, Luxury Vinyl Plank
Has Fireplace
No
Appliances
Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Vented Exhaust Fan
Number of Fireplaces
0
Total Number of Units
2
Exterior Features
Stories
2
Patio / Deck Description
Front Porch, Patio, Covered
Construction
Frame, Wood Siding
Pool Description
None
Exterior
Rain Gutters
Lot Description
Corner Lot, Few Trees
Foundation
Slab
Lot Size in Acres
0.17
Roof
Composition
Lot Size in Sq. Ft.
7,405
Water / Sewer
Sewer Available, Separate Meters, Water Available, Cable Available
Lot Dimensions
50x117
Utilities
Sewer Available, Separate Meters, Water Available, Cable Available
Buildings
1
Security System
Security System, Smoke Detector(s)
Building Total Area (Sq. Ft.)
3,038
Parking Description
Additional Parking, Door-Single, Driveway, Garage, Garage Door Opener, Garage Faces Side
Green Energy Features
Appliances, HVAC, Insulation, Thermostat, Windows
Has Garage
Yes
Road Description
Asphalt
Garage Spaces
4
Is One Story
No
Fencing
Wood
Lot Description
Corner Lot, Few Trees
School
Elementary School District
Denison ISD
Jr. High School
Henry Scott
Elementary School
Terrell
High School
Denison
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
RI
Has a Home Owners Association
No
Property SubType
Duplex
Tax Annual Amount
8726.0
Year Built
2021
Community Features
Curbs, Sidewalks
Similar Listings
Mortgage Calculator
$2,333
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,801
Monthly Tax
$416
Monthly Insurance
$116
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
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