Unlocking Potential: 304 N Clay St, Ennis TX 75119 Investment Insight
When you consider real estate, especially in a burgeoning market like Ennis, Texas, certain properties stand out. Among them, 304 N Clay St, Ennis, TX 75119, emerges as a truly remarkable and significant multi-family dwelling, offering a unique blend of history, substantial living space, and compelling investment potential. This isn't just another address; it represents a tangible opportunity to own a piece of Ennis's vibrant real estate landscape, particularly for those with an eye for income-generating assets.
From its impressive scale to its strategic location within the city's historic district, every detail about this property hints at a story of growth and possibility. Whether you're a seasoned investor looking to expand your portfolio or someone exploring the robust world of multi-family real estate for the first time, delving into the specifics of this address offers invaluable insights into the local market dynamics and the enduring appeal of well-positioned properties.
Table of Contents
- A Glimpse into 304 N Clay St: The Core Property Details
- The Historical Tapestry: 304 N Clay St Through the Years
- Ennis, Texas: A City on the Rise
- Decoding the Investment Potential of Multi-Family Properties
- Neighborhood Dynamics: Clay Street and Beyond
- Due Diligence: What Prospective Buyers Should Consider
- The Allure of Ennis's Historic District
- Seizing the Opportunity: Why 304 N Clay St Stands Out
A Glimpse into 304 N Clay St: The Core Property Details
At the heart of our discussion lies the impressive structure at 304 N Clay St, Ennis, TX 75119. This isn't your typical single-family residence; it's a substantial multi-family home designed for income generation and flexible living arrangements. Boasting an impressive 12 bedrooms and 6 bathrooms spread across 4,440 square feet, this property offers significant scale rarely found in residential listings. Imagine the possibilities that come with such a generous footprint.
What truly sets this property apart is its configuration. It consists of two distinct buildings, housing a total of six individual units. Each of these units is thoughtfully laid out, featuring two bedrooms, one bathroom, a functional kitchen, and a comfortable living area. This standardized layout across all units simplifies management and appeals to a broad range of potential tenants. Furthermore, the property benefits from ample parking located conveniently in the back, a crucial amenity for any multi-unit dwelling. Prospective buyers will also be pleased to know that the property features a new roof, indicating proactive maintenance and reducing immediate capital expenditure for the new owner. With 19 photos available for viewing, the sheer scope and condition of this property can be thoroughly appreciated.
The Historical Tapestry: 304 N Clay St Through the Years
Every property has a story, and 304 N Clay St is no exception. Built in 1964, this structure has stood the test of time, adapting to the changing needs of the Ennis community over decades. Its sturdy construction from the mid-20th century speaks to a period of growth and expansion in the area. While it's currently noted as not for sale, its recent transaction history provides crucial insights into its market value and desirability. The property was last sold on January 5, 2024, a very recent date that reflects its contemporary market relevance and suggests active interest in multi-family investments in Ennis.
Before its most recent sale, the property was estimated at $576,641 as of May 3, 2023. It was previously listed at $579,000, managed by Agent Ronald Cromwell of Realty Texas, LLC. These figures offer a clear indication of its valuation in the recent past, positioning it as a significant asset within the local real estate landscape. Its location within Ennis's historic district also adds a layer of character and potential value, intertwining its history with the broader narrative of the city itself.
Ennis, Texas: A City on the Rise
Understanding a property's value goes beyond its physical attributes; it's deeply intertwined with the community it inhabits. Ennis, Texas, is more than just a dot on the map; it's a vibrant city experiencing steady growth, making it an increasingly attractive location for both residents and investors. The city offers a unique blend of small-town charm with access to modern amenities, strategically positioned within the broader North Texas region.
The Charm of Ennis: Community and Lifestyle
Ennis is renowned for its welcoming atmosphere, rich cultural heritage, and strong community spirit. Known for its annual Bluebonnet Trails and National Polka Festival, the city offers a unique lifestyle that blends tradition with progress. For families, the presence of Ennis ISD, under which 304 N Clay St falls, is a significant draw, promising quality education. Living in Ennis means enjoying a quieter pace of life without sacrificing convenience, with local shops, restaurants, and community events fostering a strong sense of belonging. This appealing lifestyle naturally translates into a stable and growing demand for housing, making multi-family properties like the one on Clay Street particularly appealing.
Strategic Location and Accessibility
The location of 304 N Clay St within the O T Ennis subdivision further enhances its appeal. This subdivision is well-regarded and contributes to the overall desirability of the area. Ennis benefits from its proximity to major highways, providing easy access to larger metropolitan areas like Dallas, yet retaining its distinct identity. This accessibility makes it an ideal choice for commuters seeking more affordable living options outside the immediate city sprawl, or for those who simply prefer a less congested environment. For a multi-family property, good accessibility is paramount for attracting and retaining tenants, ensuring consistent occupancy rates and rental income.
Decoding the Investment Potential of Multi-Family Properties
Investing in multi-family properties is often considered a cornerstone of a robust real estate portfolio, and for good reason. Unlike single-family homes, multi-unit dwellings like 304 N Clay St offer multiple streams of income from various tenants, significantly mitigating risk. If one unit is vacant, the others can still generate revenue, providing a more stable cash flow. This inherent diversification makes them particularly attractive to investors seeking consistent returns and long-term appreciation.
The property at 304 N Clay St, with its 12 beds and 6 baths across six units, is a prime example of such an investment. Each unit, with its two bedrooms and one bathroom, is perfectly sized for small families, couples, or individuals, catering to a significant segment of the rental market. The presence of a new roof, as noted in the property details, adds to its immediate investment appeal by reducing the need for significant capital expenditures post-purchase. Furthermore, the dedicated parking area in the back of the two buildings is a practical feature that enhances tenant satisfaction and convenience, crucial for maintaining high occupancy rates. This property offers the "ideal real estate investment" opportunity, as it's set up to generate consistent rental income while potentially appreciating in value over time, especially within a growing community like Ennis.
Neighborhood Dynamics: Clay Street and Beyond
To truly understand the value and potential of 304 N Clay St, it's essential to look beyond its boundaries and consider the surrounding neighborhood. The character of Clay Street itself, along with recent sales and property values of nearby homes, paints a comprehensive picture of the local real estate market. This contextual analysis is vital for any informed investment decision.
A Walk Down North Clay Street: Surrounding Properties
Clay Street in Ennis is a diverse residential artery, featuring a mix of property types and ages. Just down the road, 308 N Clay St, built in 1929, is a 4-bed, 2-bath single-family home spanning 2,492 sq ft, currently not for sale. Further north, 1004 N Clay St, a 3-bed, 2-bath single-family home of 1,320 sq ft, is also off-market. These older, well-established homes contribute to the neighborhood's mature character.
Recent sales provide crucial market indicators. For instance, 1501 N Clay St, a 3-bed, 2-bath, 1400 sq ft house, sold on April 9, 2025 (likely a typo, assuming 2023 or 2024 given typical data freshness) after being listed at $189,900. Another notable sale is 201 N Clay St, a larger 4-bed, 2.5-bath, 2144 sq ft home, which sold on April 21, 2023, after being listed at $399,900. These figures illustrate the range of property values and the active nature of sales in the area.
Currently on the market, 1505 N Clay St is a 3-bed, 1-bath, 1592 sq ft single-family home listed at $230,000, offering another data point for comparison. Even properties on South Clay Street, like 306 S Clay St (a 2-bed, 1-bath, 720 sq ft home built in 1920, with a Zestimate of $140,400), provide a broader context of property values across the Clay Street continuum. The presence of single-family homes like 305 N Clay St (2 beds, 1 bath, 1184 sq ft, built 1945, Zestimate $151,300) further highlights the varied housing stock.
Understanding Local Market Trends and Property Values
The diverse range of properties and recent sales on Clay Street and its vicinity indicate a dynamic market. The sales data for single-family homes, while different in type from the multi-family 304 N Clay St, nonetheless reflects general demand and price points within the Ennis market. The Zestimates provided for some properties offer a quick snapshot of estimated values, though a comprehensive market analysis would delve deeper into comparable sales, condition, and specific features.
What's clear is that properties on Clay Street, both north and south, are actively bought and sold, reflecting a healthy demand. This activity, combined with the general growth of Ennis, creates a favorable environment for investment properties. The ability to view detailed information, property photos, school and neighborhood data, and even use heat maps for crime statistics (as mentioned in the data for 304 N Clay St) empowers prospective buyers to conduct thorough research and make informed decisions about property values and market trends in this specific area.
Due Diligence: What Prospective Buyers Should Consider
For any significant real estate investment, particularly one as substantial as 304 N Clay St, rigorous due diligence is not just recommended, it's absolutely essential. This process ensures that you have a complete understanding of the property's condition, history, and potential, mitigating risks and confirming its suitability for your investment goals.
First and foremost, it's crucial to "View 19 photos" of 304 N Clay St to get a visual sense of the property's exterior and interior (where available). These visual aids, combined with a review of "more property details, sales, and tax history," provide a foundational understanding. Given its recent sale on January 5, 2024, examining the details of that transaction can offer valuable insights into its current market valuation and any associated factors. Understanding its status as "currently not for sale" also means that any future interest would likely involve contacting the current owner directly, perhaps through platforms like byowner.com if they choose to list it themselves, or through a real estate professional.
Beyond the property itself, comprehensive research extends to its surroundings. It's advisable to "View property details, photos, school and neighborhood data, and more" for not just 304 N Clay St but also for comparable properties in the vicinity, such as 203 N Clay St, 1004 N Clay St, 301 N Clay St, 305 N Clay St, and 1007 N Clay St, as suggested by the data. This comparative analysis helps in accurately assessing market value and rental potential. Furthermore, considering the "nearby school and neighborhood information" is vital for understanding tenant demographics and demand. For safety and peace of mind, using a "heat map to find crime" statistics, if available, can provide an additional layer of insight into the neighborhood's characteristics. Finally, for those considering ownership, "Find contact info for current and past residents, property value, and more" through a reverse address lookup can offer unique perspectives on the property's history and community integration.
The Allure of Ennis's Historic District
One of the defining characteristics of 304 N Clay St is its prestigious location within the Historic District of Ennis. This designation is not merely a label; it carries significant implications for property owners and residents alike. Historic districts are typically areas recognized for their architectural or historical significance, often leading to a unique aesthetic and a strong sense of community preservation.
For a multi-family property, being in a historic district can enhance its appeal to tenants who appreciate character, charm, and a connection to the past. These areas often feature well-maintained homes, mature trees, and a walkable environment, contributing to a desirable living experience. While historic district status can sometimes come with specific guidelines for renovations or exterior modifications, these regulations are typically in place to preserve the area's unique character, which in turn can contribute to stable or appreciating property values. The blend of a substantial income-generating property with the unique appeal of a historic setting makes 304 N Clay St a particularly compelling offering in the Ennis real estate market, standing out from more generic residential areas.
Seizing the Opportunity: Why 304 N Clay St Stands Out
In a competitive real estate landscape, identifying properties that truly stand out requires a keen eye for detail and a forward-thinking perspective. 304 N Clay St, Ennis, TX 75119, with its unique characteristics and strategic positioning, presents itself as more than just a building; it's a significant opportunity for the discerning investor or homeowner looking for substantial living space with income potential.
304 N Clay St, Ennis, TX 75119 | MLS# 20317940 | Redfin
304 N Clay St, Ennis, TX 75119 | Redfin
201 N Clay St, Ennis, TX 75119 - MLS 20273297 - Coldwell Banker
