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Days237Days on Market
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$145,000

905 Shepherd St, Morgan, TX, 76671

$188,500 ARVInfo
On MarketInfo
Beds6 Beds
Baths4 Bath
Baths2,580 Sq Ft
DuplexDuplex
Year BuiltBuilt in 2001

Property Lead Type:

Deal ListAbsentee Owner

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 4Bathrooms 4
AppliancesOther
FlooringCarpet, Tile

Building Information

Year Built2001

Land Information

APNR31419
Lot Number8
Land UseResidential
Legal DescriptionMORGAN OT BLOCK 28 LOT 8
Census Tract950100
Assessed Land Value$3,750
Assessed Improvement Value$194,412
Assessment Year2025

About this property

Double the opportunity in the heart of Morgan! Whether you're looking to expand your investment portfolio or live in one unit while generating rental income from the other, this duplex checks all the boxes. Offering a total of 2,580 square feet, each unit features 3 bedrooms and 1.5 bathrooms, providing spacious layouts designed for comfortable everyday living. Situated on a 0.144-acre lot, this property offers the convenience of small-town living with easy access to nearby schools, local amenities, and beautiful Lake Whitney recreation. With strong income-producing potential and versatile living options, this is an opportunity you won't want to miss. Whether you're a seasoned investor or just getting started, this Morgan duplex is ready for its next chapter. Schedule your showing today!

Investor Tools

Property Icon
$198,162
Estimated Property Value
$405,000Estimated Mortgage Balance
$0Estimated Equity
-104% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)*
$188,500
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,189 /month
Positive
Cash Flow Estimate:
$396 /month

Interested in this property?

Joanna Pace

Magnolia Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$327/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,932
$198,162
2025
$3,750
$194,412
$198,162
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,932
$198,162

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First National Bank Of Central Tx
Commercial
$405,000
No
First
Feb 24, 2023
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$380,740
N/A
0%
192%
$2,429/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: Morgan

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905 Shepherd St | Property Details | No Agent List