TX
Ellis
Italy
76651
131-139 Houston Street
131-139 Houston Street, Italy, TX 76651
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Listing Type
Multi Family
Listing Status
Active
26
$735,000

Home Details for 131-139 Houston Street

Price
$735,000
Type
Residential Income
Bedrooms
12
Total Bathrooms
8
Full Bathrooms
8
Square feet
5000
Year built
2020
Lot size acres
0.569
County
Ellis
MLS Listing#
21343744
Property Description

Turnkey 4-unit multi-family built in 2020 — two side-by-side duplexes, all four units 3 bedroom, 2 bath at 1,250 SF each. Fully occupied with professional management in place. Gross annual income of $74,440 with a 9.87 gross income multiplier. The 3-bedroom unit mix is rare in this market and drives both higher rents and longer tenancies. Tenants pay all utilities — every unit is separately metered for electric, water, sewer, and trash. Owner expenses are limited to taxes, insurance, lawn care, and management. Sitting on 0.569 acres complete with parking and easy I-35 access linking to Waxahachie, Hillsboro, and DFW. Ideal 1031 exchange replacement property.

Property Features
  • Cooling Information
    • Ceiling Fan(s)
    • Central Air
    • Electric
  • House Interior
    • Eat-in Kitchen
    • Kitchen Island
    • Open Floorplan
  • Heating Information
    • Central
    • Electric
  • Parking
    • Driveway
    • Shared Driveway
  • Water Features
    • Public
School Information
School Information for 131-139 Houston Street, Italy, TX 76651
Elementary School
Stafford
Middle School
Italy
High School
Italy
Listing Courtesy: Keller Williams Realty - 972-938-2222
Presented by: Neil Clements
Dallas MLS - N.T.R.E.I.S. logoThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
Last Updated: 2026-08-07 13:20:17
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EXIT REALTY ELITE
129 S. Main St. Ste 260, Grapevine, TX 76051
Office
817 925 5503
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