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131-139 Houston Street

Italy, TX 76651

$725,000

4 units · 2020

Units4
Building area5,000 sq ft
Year built2020
Gross income$74,440/yr
Cap rate6.94% as listed
Parking8 spaces
Lot size0.569 acres
TypeQuadruplex

What it costs to own

Taxes$16,252 per year
HOANone listed
Operating expenses$24,122 per year — as listed
Insurance$5,470 per year — as listed
Net operating income$50,318 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

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.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Laminate
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
Interior featuresDecorative Lighting, Eat-in Kitchen, Kitchen Island, Open Floorplan

Construction materialsBrick
RoofComposition
FoundationSlab

FencingWood
Water sourceCity Water
SewerCity Sewer

SubdivisionE D Harrsion

ElementaryStafford
Middle schoolItaly
High schoolItaly
DistrictItaly ISD

Gross income$74,440 per year
Operating expenses$24,122 per year
Operating includesInsurance, Maintenance Grounds, New Tax
Insurance$5,470 per year
Cap rate6.94% — as listed
Net operating income$50,318 per year

MLS #21343744
Source
Price changeReduced by $10,000 · Oct 9, 2026
On the market64 days
CountyEllis

Around this home

One moment…

Everyday life

Nearest groceryBrookshire Brothers · 0.5 mi
Spring Market · 0.7 mi
Brookshire Brothers · 11 mi
Nearest parkDowntown Festival Pavillion and Gathering place · 0.1 mi
George Scott Memorial Park · 0.6 mi
Upchurch Play ground · 0.7 mi

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Listing courtesy of Keller Williams Realty — Neil Clements.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21343744. Information last updated October 9, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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