Property
Beds
5
Full Baths
3
1/2 Baths
None
Year Built
1979
Sq.Footage
N/A
Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman’s most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. An added value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment—creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry – $1,100 a month, lease through November 30, 2026 320 N. Cleveland – $1,080 a month, lease through August 31, 2026 1520 Mulberry – $1,100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
Features & Amenities
Interior
-
Other Interior Features
Other, High Speed Internet
-
Total Bedrooms
5
-
Bathrooms
3
-
Cooling YN
YES
-
Cooling
Central Air, Electric
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
Yes
Exterior
-
Garage
Yes
-
Garage spaces
1
-
Construction Materials
Brick, Frame, Other
-
Parking
Common, Driveway, Attached
-
Pool
No
-
Waterfront YN
NO
Area & Lot
-
Lot Size(acres)
0.39
-
Property Type
Residential Income
-
Property Sub Type
Triplex
Price
-
Sales Price
$399,000
-
Tax Amount
$8,366
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
Crutchfield
-
Middle School
Piner
-
High School
Sherman
Property Features
-
Accessibility Features
Accessible Entrance, Accessible Approach with Ramp
-
Foundation Details
Slab
-
Sewer
Public Sewer
-
Tax Lot
5
-
Water Source
Public
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Location
County
Grayson
Elementary School
Crutchfield
Middle School
Piner
High School
Sherman
Listing Courtesy of Theresa Brendemihl , Easy Life Realty
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