NOT LISTED FOR SALE

311 E 5th St Mount Pleasant, TX 75455

8 Beds
8 Baths
1,948 Sq Ft
1.01 Acre Lot

Sale Details

Date Sold: May 23, 2025

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

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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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