Tour
$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
- Full Bathrooms: 4
- Flooring Type: Other
- Interior: High Speed Internet, Other, Cable TV
- Total Bedroom Count: 4
- Parking: On Site, Parking Lot
- Heating: Central
- Cooling: Central Air
- List Price: $450,000
- Annual Tax Amount: $4,309
- Tax Year: 2024
- Directions: Property on Morris on the left
- Year Built: 1983
- Lot Size: 0.069 Acres
- MLS Number: 20899550
- MLS Name: NTR
- Office Name: OmniKey Realty, LLC.
- Office Phone: (972) 480-8280
- Listing Agent: Will Clark
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Last updated on: 6/20/2025, 12:45:41 PM 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. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
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
Tour
$6,531 Closing Credit¹
#20899506, Will Clark, Listing office: OmniKey Realty, LLC.
Frequently asked questions
About 505 Morris St
The listing price of 505 Morris St property is $450,000.
The property 505 Morris St is a multi located in Terrell, Texas, 75160.
Active Listing: 505 Morris St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 505 Morris St are: Global Leadership Academy (GreatSchools Rating 5/10), Dr. Bruce Wood Elementary School (GreatSchools Rating 3/10), J. W. Long Elementary School (GreatSchools Rating 2/10), Herman Furlough Jr. Middle School (GreatSchools Rating 4/10), Brown Middle School (GreatSchools Rating 5/10), Jackson Middle School (GreatSchools Rating 6/10), Terrell Alternative Education Center/Phoenix School (GreatSchools Rating 10/10), Terrell High School (GreatSchools Rating 3/10), North Forney High School (GreatSchools Rating 4/10).
According to the records, the last property tax for 2024 is $4,309 (source: MLS/based on county public records data).
The year of construction for 505 Morris St is 1983.
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.
The number of listings in Terrell, TX increased by 10.2% between April and May 2025. Listings spent 95 days on the market in May 2025, and had a median list price of $309,999 during the same period.
From Rocket Homes Real Estate and based on county public records data.