503 Morris St Terrell, TX 75160
Property details
About 503 Morris St
100% occupied 4plex for sale in Terrell, Tx! $4,520 in gross monthly rents + 300 in water bill-backs equals 4,820 in total gross monthly income with room to increase on upcoming renewals. All 2 bed units. Unit 1 lease end date is 6-27-25, Unit 2 lease end date 7-31-25, Unit 3 lease end date 3-31-26, Unit 4 lease end date 6-30-25. Spacious living areas greet you upon entry. Flows seamlessly into your L-shaped Kitchen with plenty of storage and c-top space! Both Bedrooms are a good size! Electric is separately metered and paid by tenants. Water is one meter and paid by owner. Water bill-backs in place to help off-set this cost.
Highlights
Virtual tour
Summary
- Partial Bathrooms: 2
- Full Bathrooms: 6
- Flooring Type: Other
- Interior: High Speed Internet, Other, Cable TV
- Total Bedroom Count: 8
- Parking: On Site, Parking Lot
- Heating: Central
- Cooling: Central Air
- List Price: $550,000
- Annual Tax Amount: $5,050
- Tax Year: 2024
- Directions: Property is on Morris on the left.
- Year Built: 1972
- Lot Size: 0.196 Acres
- MLS Number: 20899506
- MLS Name: NTR
- Office Name: OmniKey Realty, LLC.
- Office Phone: (972) 480-8280
- Listing Agent: Will Clark
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Last updated on: 5/24/2025, 12:20:35 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$550,000
503 Morris St
$6,531
closing credit¹
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $338,000 | $5,050 |
| 2023 | $214,470 | $5,341 |
| 2022 | $204,681 | $5,341 |
| 2021 | $196,774 | $4,700 |
History based on county public records data.
Nearby schools
5
Global Leadership Academy
Public Magnet KG-5
0.9 mi
•305 W College St
3
Dr. Bruce Wood Elementary School
Public District KG-5
1.1 mi
•121 Poetry Rd
2
J. W. Long Elementary School
Public District KG-5
1.2 mi
•300 Creekside Dr
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,627. Most Terrell, TX residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Family Dollar
Kmart
Wal-Mart
Where do the neighbors go to eat?
Dominos Pizza
Bob Evans
Sonic
What do the neighbors drive?
Ford
Buick
Oldsmobile
What do the neighbors listen to?
New Country
Oldies- Contemporary Inspirational
This home is located at 503 Morris St in Terrell, TX and zip code 75160. Features: 8 bedrooms, 8 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $550,000.
Between March and April 2025, Terrell, TX real estate market has seen increase in the number of listings by 15.3%. The median list price of listings available in April 2025 was $319,080, while the average time on the real estate market was 95 days.