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1231 W Morton Street # 1231 Denison, TX $ 1,050,000
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1231 W Morton Street # 1231
$ 1,050,000
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1231 W Morton Street # 1231

Denison, TX, 75020
$ 1,050,000
Bedrooms24 Baths12.0

Monthly Estimate*

$ 6,465

1231 W Morton Street # 1231, Denison, TX 75020 - Image 1
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1231 W Morton Street # 1231, Denison, TX 75020 - Image 8
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Multi-Family Home for sale in Denison, TX

for $1,050,000 with 24 bedrooms and 12 full baths. This home was built in 1955 on a lot size of 1.

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.

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Multi-Family Active

Price

$ 1,050,000

Bedrooms

24

Full Bath

12

Property Type

Multi-Family

Taxes

$ 0

Style

Apartment

Lot Size

1

Year Built

1955

Town/City

Denison

County/Region

Grayson

MLS | Web ID

21191195
Features
Interior
Interior Features Cable TV Available Decorative Lighting High Speed Internet Available
Flooring Ceramic Tile Laminate Wood
Occupancy Rate 100
Total Units 12
Total Bedrooms 24
Total Baths 12
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General
Heating Electric Natural Gas
Complex Name Morton St Duplexes
Cooling Ceiling Fan(s) Central Air Electric Window Unit(s)
Utilities Alley Asphalt City Sewer City Water
Possession 30-60 Days 60-90 Days Closing/Funding Negotiable
Roof Composition
Appliances Dishwasher Disposal Electric Range Gas Range Gas Water Heater Microwave Refrigerator Washer
School District Denison ISD
Pool Y/N 0
Year Built 1955
Levels Two
Unit Number 1231
Property Subtype Apartment
Subdivision Name Millers 2nd Add
Occupant Type Tenant
County Grayson
Property Type Residential Income
Construction Materials Brick Siding
Year Built Details Preowned
HOA Type None
# of Buildings 6
Full Baths 12
Status Active
Directions From 75 North turn right on Morton St property located on the left.
City Denison
Elementary School Name Terrell
High School Denison
Elementary School Terrell
Standard Status Active
Listing Terms 1031 Exchange Cash
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Exterior
Waterfront 0
Exterior Features Covered Patio/Porch
Lot Features Acreage
Parking Features Assigned Garage
Lot Size 1 to < 3 Acres
Foundation Pillar/Post/Pier
Building Area Total 13920.00
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Internal Only
Street Number 1 1231
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* Excluded Features
List By
Prasanthi Morusupalli

Listing Agent

Powerstar Realty

Broker

Affordability Calculator

$6,465
Per Month
100%
0%
0%
Monthly Principal & Interest
$6,465
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
287983 Elementary School
3672557 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
3/3/2026 $1,050,000 Listed Price

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1231 W Morton Street # 1231, Denison, TX, 75020 is a Multi-Family Home for sale at $1,050,000 with a lot size of 1. 1231 W Morton Street # 1231 has 24 bedrooms, 12.0 baths, and was built in 1955. The property's zip code is 75020 which is in Denison, TX

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