Active Option Contract

113 S Summit Street

Red Oak, Texas 75154
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Bed 4

Bed

Bath 1

Bath

Acres0.27

Acre(Lot)

Exceptional Investment Opportunity – Rare 4-Plex in a Prime Growth Location! Don't miss this hard-to-find fourplex offering outstanding cash flow potential in a highly desirable location. Conveniently situated near major interstate access, schools, shopping, and employment centers, this property is positioned in a peaceful, well-established neighborhood surrounded by continued residential and commercial growth. The property is 100% occupied with long-term tenants, providing immediate, stable rental income while offering the opportunity for future value enhancement. Current rents present upside potential, with the ability to increase rental income over time to align with comparable market rates. Each of the four units features a functional 1-bedroom, 1-bathroom floor plan designed for strong tenant demand. Recent capital improvements include new HVAC systems, helping reduce future maintenance costs and improve long-term reliability. Each unit is equipped with an electric stove, appliances providing a low-maintenance and efficient setup for both owners and tenants. Whether you're an experienced investor looking to expand your portfolio or seeking a stable income-producing asset with appreciation potential, this well-maintained fourplex offers an excellent combination of location, occupancy, and future growth opportunity.

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Detail Ic Property Details

Property Type : Residential Income

Price : $349,000

AD Id : 88936709

MLS Id : 569662380

Beds : 4

Lot Size : 0.27 Acre

Year Built : 1994

County : Ellis

Subdivision: Valley Estates

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total Bedrooms: 4

    Bathroom Information

    Total Baths: 1 Full Baths: 1 Half Baths: 0
  • Interior Features

    Other

    Appliances

    Dishwasher,Electric Cooktop,Electric Oven,Microwave,Refrigerator

    Utilities

    All Weather Road,City Sewer,City Water,Co-op Electric,Concrete
  • Cooling Features

    Central Air

    Heating Source

    Central

  • Building Information

    Built Year: 1994 Building Area Total: 3,291 Construction: Brick,Concrete,Wood,Other Roof Type: Shingle
  • Foundation

    Other
  • Construction Materials

    Brick,Concrete,Wood,Other

  • Lot Information

    Lot Size (Acr): 0.2660 Lot Size Units: Acres Lot Size Square Feet: 11,587
  • Property Information

    Property Type: Residential Income Property Sub Type: Quadruplex Subdivision: Valley Estates City: Red Oak State: Texas Directions: follow google maps Property Status: Active Option Contract Levels: One Property Age: 32 Year Built Details: Preowned

  • Listing Price Information

    Original List Price: $349,000
  • Listing Information

    Possession: Closing/Funding,Other

  • Tax Information

    Parcel Number: 169371 Tax Block: 1 Tax Legal Description: LOT 2 BLK 1 VALLEY ESTATES 0.266 AC Tax Lot: 2 Unexempt Taxes: $9,000

  • Parking Information

    Parking: 6 Parking Features: Driveway
  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Wooden Middle School: Red Oak High School: Red Oak School District: Red Oak ISD
  • Utility Information

    Utilities: All Weather Road,City Sewer,City Water,Co-op Electric,Concrete
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 08/19/2026 @ 07:41

MLS: 569662380 LISTED BY: Sridhar Kothalanka, Mersal Realty 214-731-3163 SOURCE: NTREIS - North Texas Real Estate Information

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