$250,000
SOLD MAY 23, 2025
Last list price

311 E 5th St Mount Pleasant, TX 75455

8 Beds
8 Baths
1,948 Sq Ft
43,996 Sq Ft Lot

Recently Sold

$128 Per Sq Ft

88 Days on Market

Highlights

  • Covered Patio or Porch
  • Paneling
  • Ceiling Fan
  • Annie Sims Elementary School Rated A-
  • Central Heating and Cooling System
  • 3-minute walk to Keith Park

About This Home

As of May 2025

Don't miss out on this amazing investment opportunity in downtown Mount Pleasant! This property features 4 units with established tenants, each offering spacious 2 bedroom, 1.5 bathroom two-story layouts, plus, convenient open parking right in front of each unit for easy access. Sitting on over 1 acre of land, this property also has the space to potentially add another 4+ unit complex. With tenants already in place, you can start generating rental income from day one. Call today to schedule a showing.

Last Agent to Sell the Property

Michael Mayben

Mayben Realty, LLC Brokerage Phone: 903-572-2400 License #0604835 Listed on: 01/22/2025

Last Buyer's Agent

Jose Rodriguez

JPAR - Plano License #0694718

JPAR - Plano

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1972

Lot Details

  • 1.01 Acre Lot
  • Partially Fenced Property
  • Few Trees

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Brick Exterior Construction
  • Slab Foundation
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,948 Sq Ft Home
  • 2-Story Property
  • Paneling
  • Ceiling Fan
  • Electric Range

Flooring

  • Carpet
  • Linoleum
  • Vinyl

Bedrooms and Bathrooms

  • 8 Bedrooms

Schools

  • Wallace Middle School
  • Mount Pleasant High School

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • 1,948 Sq Ft Building
  • Gross Income $20,700

Listing and Financial Details

  • Assessor Parcel Number 10974

Property Details

Home Type

Multi-Family

Year Built

Built in 1972

Lot Details

1.01 Acres

Listing Details

  • OWNERNAME: Gerhart
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: Two
  • Year Built Details: Preowned
  • Attribution Contact: 903-572-2400
  • Co List Office Mls Id: MRLL01
  • HumanModifiedYN: No
  • UniversalParcelId: urn:reso:upi:2.0:US:48449:10974
  • Special Features: VirtualTour
  • Year Built: 1972

Interior Features

  • Square Footage: 1948.0
  • Interior Amenities: Paneling/Wainscoting
  • Flooring: Carpet, Linoleum, Other, Vinyl
  • Appliances: Electric Range
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 4
  • Total Bedrooms: 8

Exterior Features

  • Foundation: Slab
  • Fencing: Partial
  • Roof: Metal, Shingle
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered, Front Porch
  • RoadFrontageType: All Weather Road

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Open
  • OpenParkingYN: Yes
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Electricity Connected, Other, Sewer Available, Water Available
  • Heating Yn: Yes

Schools

  • High School: Mount Pleasant
  • Junior High Dist: Mount Pleasant ISD

Lot Info

  • Lot Features: Few Trees
  • Lot Size Units: Acres
  • Lot Size Area: 1.01
  • Parcel Number: 10974
  • Lot Size Acres: 1.01
  • Lot Size Sq Ft: 43995.6

Building Info

  • Year Built: 1972
  • Units Total: 4

Multi Family

  • Annual Gross Income: 20700.0

MLS Schools

  • MiddleOrJuniorSchool: Wallace
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Property History

Date Event Price List to Sale Price per Sq Ft
05/23/2025 05/23/25 Sold -- -- --
04/21/2025 04/21/25 Pending -- -- --
03/26/2025 03/26/25 For Sale $250,000 0.0% $128 / Sq Ft
02/04/2025 02/04/25 Pending -- -- --
01/22/2025 01/22/25 For Sale $250,000 -- $128 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,160 $233,333 $131,937 $101,396
2024 $27 $142,560 $131,937 $10,623
2023 $2,710 $142,560 $131,937 $10,623
2022 $3,128 $138,240 $43,979 $94,261
2021 $2,169 $88,035 $43,979 $44,056
2020 $2,219 $88,035 $43,979 $44,056
2019 $1,954 $80,256 $43,979 $36,277
2018 $1,718 $71,621 $21,990 $49,631
2017 $1,611 $69,008 $21,990 $47,018
2016 $1,513 $64,857 $21,990 $42,867
2015 -- $67,611 $21,990 $45,621
2014 -- $68,377 $21,990 $46,387
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20823132

North Texas Real Estate Information Systems (NTREIS)
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