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$349,000
Property Description
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.
Full Property Details
Full Property Details for 113 S Summit St
General
- Price: $349,000
- Taxes: $9,000
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21347820
- Updated: 8/16/2026
- Added to Site: 26 day(s) ago
Interior
- Interior Features: Other
- Appliances: Dishwasher, Electric Cooktop, Electric Oven, Microwave, Refrigerator
- Flooring: Carpet, Ceramic Tile
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 4
Parking
- Total Spaces: 6
- Parking Features: Driveway
Location
- County: Ellis
- Subdivision: Valley Estates
- Driving Directions: follow google maps
School Information
- Elem School District: Red Oak ISD
- Midd School District: Red Oak ISD
- High School District: Red Oak ISD
- Elementary School: Wooden
- Middle School: Red Oak
- High School: Red Oak
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air
- Heating Type: Central
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Sewer Available, Water Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick, Other, Concrete, Wood Siding
- Roof: Shingle
- Stories/Levels: 1
- Square Feet: 3,291
- Sq. Ft. Source: Assessor
- Year Built: 1994
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.266
- Lot Size (Sq. Ft.): 11,586.96
- Frontage: All Weather Road
Financial Considerations
- Tax Amount: $9,000
Disclosures and Reports
- Legal Description: LOT 2 BLK 1 VALLEY ESTATES 0.266 AC
- Property ID: 169371
- Block: 1
- Lot Number: 2
Listed by Mersal Realty, Sridhar Kothalanka
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Schools
Schools serving 113 S Summit St
School District:Red Oak Independent School District
| Name | Grades | Distance |
|---|---|---|
Wooden Elementary School 200 Louise Ritter Boulevard, Red Oak, TX 75154 | PK-5 | 1 mi |
Red Oak Middle School 152 Louise Ritter Boulevard, Red Oak, TX 75154 | 6-8 | 0.5 mi |
Red Oak High School 220 South State Highway 342, Red Oak, TX 75154 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 113 S Summit St
Date
Details
Price
Change
Source
8/01/2026
Listed
$349,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 113 S Summit St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,000
-1%
$442,800
-3%
2023
$9,050
—
$455,000
4%
2023
$9,050
751%
$436,164
12%
2022
$1,063
-83%
$389,484
45%
2021
$6,342
-16%
$267,750
-15%
2020
$7,582
-4%
$314,180
—
2019
$7,864
102%
$314,230
112%
2018
$3,886
1%
$148,530
—
2017
$3,835
13%
$148,530
14%
2015
$3,403
—
$130,750
—
2014
$3,403
—
$130,750
—
2013
$3,403
—
$130,750
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 113 S Summit St
113 S Summit Street, Red Oak, TX 75154 (MLS# 21347820) is a Multi-Family property with 4 units containing 4 bedrooms and 1 full bathroom. 113 S Summit Street is currently listed for $349,000 and was received on August 01, 2026. Want to learn more about 113 S Summit Street? Do you have questions about finding other Multi-Family real estate for sale in Red Oak? You can browse all Red Oak real estate or contact a Coldwell Banker agent to request more information.
