$220,000

500 N 5th Street, Gunter, TX 75058

  • 2 beds |
  • 1 bath |
  • 925 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1977
  • Property Lot Size Icon5,793sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $238/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

**FOR SALE OR FOR LEASE** Our preferred lender is offering a lender credit of up to 1% of the loan amount, which could lower your monthly payment** Well-maintained 2 bed, 1 bath property located near downtown Gunter with strong investment potential. Major capital improvements completed in 2020 include roof, foundation (with lifetime transferable warranty), breaker boxes, doors, water heater, exterior lighting, and more—minimizing future expenses. Recent upgrades include a new panoramic front window and French drains. No carpet and fresh interior paint. Refrigerator, washer, and dryer convey. Features an insulated ~200 sq ft detached building ideal for office or storage, plus a fenced yard and covered carport. Prime location near Preston Road, City Hall, shopping, schools, and restaurants. Zoned to award-winning Gunter ISD. Property may offer future upside with potential rezoning to multi-family or duplex use, subject to city approval. Ideal for buy-and-hold or redevelopment investors.

Listing Status:
Active
Data Last Updated:
February 15, 2026 at 7:18AM
Listing Office:
WhiteFlame Realty : 214-732-1224
Listing Agent:
Jason White :
MLS ID:
21050707
  • General: Paneling/WainscotingCable TV
  • Appliances: DryerDishwasherElectric RangeDisposalRefrigeratorWasher
  • Laundry: Other
  • Flooring: LaminateTile
  • A/C: Central AirCeiling Fan(s)
  • Heating: CentralNatural Gas
  • Fireplace: Fireplaces: 0
  • General: Rain GuttersStorageOutbuilding
  • Style: Detached
  • Other Structures: Outbuilding
  • Pool: None
  • Parking: Carport
  • Roofing: Composition
  • General: BrickOther1Pillar/Post/Pier
  • Originating MLS: NTR
  • School District: Gunter ISD
  • County: Grayson
  • Zoning: GUNTER SUPPLEMENTARY ADDNBLOCK 28LOT S 57151768
  • Fencing: Back YardChain Link
  • Utilities: Sewer AvailableWater AvailableCable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR
  • Exclusions: tenants personal belongings

This listing courtesy of Jason White , WhiteFlame Realty

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

G

Gunter Elementary School

200 Elm St, Gunter, TX, 75058

Grades PK-4

0.46 miles away

G

Gunter Middle School

410 Tiger Ln, Gunter, TX, 75058

Grades 5-8

0.55 miles away

G

Gunter High School

1102 N Preston Rd, Gunter, TX, 75058

Grades 9-12

0.50 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.