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909 Chestnut Street

Denison, TX 75020

$299,000

3 units · 1920

Units3
Building area3,330 sq ft
Year built1920
Gross income$40,560/yr
Cap rate8.21% as listed
Parking6 spaces
Lot size0.289 acres
TypeTriplex

What it costs to own

Taxes$5,531 per year
HOANone listed
Operating expenses$10,700 per year — as listed
Insurance$5,300 per year — as listed
Net operating income$24,560 per year — as listed

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

About this home

Investment opportunities like this Triplex, with immediate income potential and long-term upside are becoming increasingly difficult to find, especially this close to the revitalization of Historic Downtown Denison. Welcome to 909 & 913 W. Chestnut, a well-maintained triplex offering the ideal combination of current rental income, recent updates, and future investment potential.

Designed with both investors and owner-occupants in mind, this property features three private units, each with its own entrance for added privacy and tenant appeal. Two of the units are currently leased, providing immediate rental income from day one, while the newly renovated upper unit is vacant and ready for its next tenant or could serve as the perfect opportunity for an owner to live on-site while offsetting expenses with rental income.

Each unit is individually metered for electricity, making utility management more efficient and simplifying tenant billing. The property's location adds even greater value, placing residents just minutes from Historic Downtown Denison, where locally owned restaurants, boutique shopping, coffee shops, entertainment, and year-round community events continue to attract both visitors and long-term residents.

Whether you're expanding your real estate portfolio, purchasing your first multifamily investment, or searching for a property that offers flexibility and appreciation potential, this triplex delivers an exceptional opportunity in one of North Texas' growing communities.

With existing rental income, a move-in-ready vacant unit, and a location that continues to benefit from Denison's ongoing growth and revitalization, this is the type of investment savvy buyers watch for. Schedule your private showing today and discover the possibilities this exceptional property has to offer.

*Buyer and buyer's agent should independently verify all information, including schools, measurements, taxes, restrictions, and property details.*

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet, Laminate
AppliancesDishwasher, Electric Oven, Electric Range
Interior featuresHigh Speed Internet Available

Construction materialsWood
RoofComposition
FoundationPillar/Post/Pier

Water sourceCity Water
SewerCity Sewer

SubdivisionMillers 2nd Add

ElementaryHouston
Middle schoolHenry Scott
High schoolDenison
DistrictDenison ISD

Gross income$40,560 per year
Operating expenses$10,700 per year
Insurance$5,300 per year
Cap rate8.21% — as listed
Net operating income$24,560 per year

MLS #21283331
Source
On the market216 days
CountyGrayson

Around this home

One moment…

Everyday life

Nearest groceryAlbertsons · 0.6 mi
Nearest parkForest Park · 0.5 mi

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Listing courtesy of Real Broker, LLC — Jency McGinley.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21283331. Information last updated October 6, 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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