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$399,000

Est. payment - /mo

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5 Beds

3 Baths

0.39 Acres Lot

New

320 N Cleveland Avenue Sherman, TX 75090

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James Biedenharn

james@getsoldtexas.com +1(817) 870-8860

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Subdivision College Park Add

MLS Listing ID 21227961

Bedrooms 5

Full Baths 3

HOA Y/N None

Total Fin. Sqft 3847

Year Built 1979

Annual Tax Amount $8,366

Lot Size 0.390 Acres

Acres 0.39

Property Sub-Type Triplex

Property Description

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.

Location

State TX

County Grayson

Direction From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry

Interior

Interior Features Cable TV Available, Decorative Lighting, Flat Screen Wiring, High Speed Internet Available, Other

Heating Central, Natural Gas

Cooling Central Air, Electric

Flooring Carpet, Laminate

Appliance Electric Range

Heat Source Central, Natural Gas

Exterior

Garage Spaces 1.0

Utilities Available City Sewer, City Water, Individual Gas Meter, Other

Roof Type Composition

Accessibility Accessible Approach with Ramp

Total Parking Spaces 1

Garage Yes

Building

Story Multi/Split

Foundation Slab

Level or Stories Multi/Split

Structure Type Brick,Frame,Siding,Other

Schools

Elementary Schools Crutchfield

Middle Schools Piner

High Schools Sherman

School District Sherman Isd

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21227961

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)

Listed by Theresa Brendemihl • Easy Life Realty

320 N Cleveland Avenue Sherman, TX 75090

James Biedenharn

Key Details

Location

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

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320 N Cleveland Avenue