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$149,000

$155,000

511 E Washington St, Denison, TX, 75021

On MarketInfo
Price DropInfo
Beds2 Beds
Baths1 Bath
Baths832 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$179.09 / sqft
Year BuiltBuilt in 1959

Property Lead Type:

Off-Market ListMust-SellAbsentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1Bathrooms Full 1
Garage AvailableGarage Available
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Microwave
FlooringTile, Vinyl

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size11,252 sqft

Building Information

Year Built1948
Garage Spaces1

Land Information

APND001 3167008
Lot Number10
SubdivisionRiverview Addn
Land UseResidential
Legal DescriptionRIVERVIEW ADDN, BLOCK 8, LOT 10 & E/2 9, ACRES .2583
Census Tract000200
Assessed Land Value$45,450
Assessed Improvement Value$42,694
Assessment Year2025

About this property

Fantastic investment opportunity BELOW MARKET VALUE—perfect for investors seeking immediate cash flow! This 2-bedroom, 1-bath property is tenant-occupied at $1,225 per month through August 2027, making it a turnkey addition to your rental portfolio. Welcome to a warm and welcoming 2 bedroom 1 bathroom home that offers the perfect blend of comfort, style, and practical updates. This spacious property is designed to make everyday living easy and enjoyable from the moment you walk through the door. Step inside to find luxury vinyl wood style flooring that flows throughout the home, adding both charm and durability. The kitchen has been thoughtfully updated with sleek granite countertops and stainless steel appliances, creating a clean and functional space for cooking and entertaining. The remodeled bathroom brings a fresh modern feel, complete with updated finishes that add a touch of comfort to your routine. Natural light fills each room through attractive faux wood blinds, highlighting the well maintained doors, trim, and moldings that give the home its polished look. Every detail has been considered to create a comfortable environment that feels both cozy and spacious. Step outside into your private fenced backyard, an ideal spot for relaxing, hosting friends, or enjoying a bit of outdoor time in peace. It offers plenty of room to make the space your own. This property is available for individual sale as well as offered as part of an Investor Package Deal.

Investor Tools

Property Icon
$153,000
Estimated Property Value
$72,398Estimated Mortgage Balance
$89,607Estimated Equity
53% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$918 /month
Positive
Cash Flow Estimate:
$306 /month

Interested in this property?

Mallory Adams

OmniKey Realty, LLC.

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$235/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,053
$88,144
2025
$45,450
$42,694
$88,144
No

Tax History

Year
Tax Paid
Assessed Value
2024
$2,053
$88,144

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Origin Bank
Purchase Money Mortgage
$72,398
No
First
Mar 4, 2020
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$63,660
$95,340
59%
42%
$435/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Denison

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511 E Washington St | Property Details | No Agent List