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315 N Merrill Ave, Duncanville, TX, 75116

9beds
8baths
5,229sqft
$625,000
$120price/sqft
$5,082/moest. monthly cost
$203,280/yrincome needed

About This Home

Excellent opportunity for House Hackers, Investors, or Multi-generational buyers! Featuring a total of 9 bedrooms and 5 bathrooms across spacious units that have been updated and well cared for. Unit A - 4 Bed 2 Bath 2,032 SQFT at $1,975 per month & Lease ends June 2026. Unit B -2 Bed 1 Bath 793 SQFT at $1400 per month & Lease ends May 2027. Unit C - 3 Bed 2 Bath 1,677 SQFT at $1800 per month & Lease ends September 2027. Each unit offers generous, renovated living space, making it highly attractive for long-term tenants. The property includes a large detached garage with electrical already in place, providing the strong opportunity to convert into the potential fourth unit for additional rental income. Multifamily properties like this are increasingly rare, making this a standout opportunity for investors looking to expand their portfolio or generate cash flow. This is a chance to seize a high-demand asset in a growing rental market! Water and gas are paid by Owner. Electric is paid by Tenants.

Getting Around

79
WalkingVery Walkable
0
TransitNo Nearby Transit
56
BikeBikeable

Schools

2/10
Central Elementary SchoolGrades PK-40.3 mi
4/10
3/10
Duncanville High SchoolGrades 8-121.3 mi

Construction

Condition

  • Year built: 1955

Materials

  • Foundation: Pillar/Post/Pier,Slab
  • Roof: Shingle
  • Construction materials: Frame,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Quadruplex,Multi Family,Multi Family

Interior

Appliances

  • Appliances included: Microwave

Bedrooms & Bathrooms

  • Bedrooms: 9
  • Bathrooms: 8
  • Full bathrooms: 5

Features

  • Decorative/Designer Lighting Fixtures
  • Flooring: Luxury Vinyl Plank,Tile
  • Number of fireplaces: 1
  • Fireplace features: Masonry
  • Fireplace: Yes

Heating & Cooling

  • Heating features: Central,Natural Gas
  • Cooling features: Central Air,Electric

Interior Area

  • Total structure area: 5,229
  • Total interior livable area: 5,229 sqft

Property

Details

  • Parcel number: 22111500030010000

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Fencing: Wood

Lot

  • Lot size: 0.28 Acres
  • Features: Corner Lot

Parking

  • Total spaces: 5
  • Parking features: Driveway,Garage,On Site
  • Has garage: Yes
  • Attached garage spaces: 4
  • Covered spaces: 4
  • Has uncovered spaces: Yes

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Heat Wave
    Heat WaveVery High
  • Cold Wave
    Cold WaveRelatively High
  • Hail
    HailRelatively High
  • Tornado
    TornadoRelatively High
  • Inland Flooding
    Inland FloodingModerate
  • Ice Storm
    Ice StormModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Heat Wave
Cold Wave
Hail
Tornado
Inland Flooding
Ice Storm
Winter Weather

FEMA Declared Disasters Across Texas Counties

Severe Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,160$37,920
Home Insurance *$593$7,116
Property Taxes $755$9,060
Electricity $574$6,890
Total$5,082$60,984
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$174,240/yr
40% on housing$152,460/yr
45% on housing$135,520/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 6.4%
6.4%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: -0.3%
-0.3%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$120This listing

vs Other Active Listings

Avg $/sqft

ZIP 75116$139
Dallas County$232

vs Homes Sold Last Month

Median $/sqft

ZIP 75116$164
Dallas County$190

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-01-19Price change$625,000
2021-05-04Pending sale$300,000
2021-04-27Listed for sale$300,000
2021-04-27Pending sale$300,000
2021-04-14Listed for sale$300,000

For Sale by Agent

AgentMelissa Hernandez
BrokerageCompetitive Edge Realty LLC

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