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$4,036 Closing Credit¹
#20852104, Matthew Malone, Listing Office: Malone and Associates RE
$450,000 List price
505 Morris St Terrell, TX 75160
$5,344
Closing credit¹
4 beds
4 full
0.07 acres
Multi-Family
Property details
About 505 Morris St
100% occupied 4plex for sale in Terrell, Tx! All 1 bed 1 bath 600 sq. ft units. $3,950 in monthly gross rents + $165 in monthly water bill-backs equals $4,115 in gross monthly income. Unit 5 lease end date 8-31-25, Unit 6 lease end date 7-31-25, Unit 7 lease end date 6-30-25, Unit 8 lease end date 6-30-25. Electricity is separately metered and paid by the tenants. Water is one meter and paid by the owner. Water bill-backs in place to help off-set that cost. Spacious living area greets you upon arrival. Flows into your functional galley Kitchen with ample storage and c-top space! Rare oppourtunity to purchase a 100% occupied duplex at this price-point.
Highlights
Home typeQuadruplex
HeatingCentral
StatusActive
CoolingCentral Air
Lot size0.069 Acres
Year built1983
ParkingOn Site, Parking Lot
MLS #20899550
Virtual tour
Summary
- MLS Number: 20899550
- MLS Name: NTR
- Office Name: OmniKey Realty, LLC.
- Office Phone: (972) 480-8280
- Listing Agent: Will Clark
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
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Last updated on: 4/15/2025, 7:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$450,000
505 Morris St
$5,344
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 | $271,230 | $4,309 |
| 2023 | $182,990 | $4,563 |
| 2022 | $174,861 | $4,563 |
| 2021 | $162,072 | $3,760 |
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. Typical income of Terrell, TX residents is between $35k-100k annually. The majority of families are single, no kids. Most residents in this area have high school diploma education.
How much money do the neighbors make?
40%
<35k
52%
35k-100k
7%
100k-200k
1%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
42%
Single, No Kids
18%
Single, with Kids
16%
Married, No Kids
24%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
8%
12-17 yrs old
25%
18-34 yrs old
37%
35-64 yrs old
9%
65+ yrs old
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
All data provided by Home Junction and Claritas
Similar homes for sale
4 days on RocketTour
$6,531 Closing Credit¹
#20899506, Will Clark, Listing Office: OmniKey Realty, LLC.
This home is located at 505 Morris St in Terrell, TX and zip code 75160. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since April 10, 2025 and is currently priced at $450,000.
Terrell, TX housing market in March 2025 saw over 0 listings sold above listed price, more than 0 sold at listed price and over 2 sold below. Between February and March 2025, Terrell, TX real estate market has seen increase in the number of listings by 13.4%. While the average time on the market in March 2025 was 330 days, the median list price was $275,000.
From Rocket Homes Real Estate and based on county public records data.