$394,999

320 N Cleveland Avenue, Sherman, TX 75090

  • 5 beds |
  • 3 baths |
  • 3,847 sqft
  • Property Icon Triplex
  • Property Year Built Icon Built in 1979
  • Property Lot Size Icon0.39acre lot
  • Property Parking Icon 1 car garage
  • Property Price Per Square Feet Icon $103/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.***** 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.

Listing Status:
Active
Data Last Updated:
June 14, 2026 at 7:19AM
Listing Office:
Easy Life Realty : 903-224-5171
Listing Agent:
Theresa Brendemihl :
MLS ID:
21227961
  • General: Decorative/Designer Lighting FixturesHigh Speed InternetOtherCable TVWired for Sound
  • Appliances: Electric Range
  • Flooring: CarpetLaminate
  • A/C: Central AirElectric
  • Heating: CentralNatural Gas
  • Disability Feature: Accessible Approach with Ramp
  • Pool: None
  • Parking: CommonDrivewayParking spaces: 8
  • Roofing: Composition
  • General: BrickFrameOtherMulti/SplitSlab
  • Originating MLS: NTR
  • School District: Sherman ISD
  • County: Grayson
  • Zoning: COLLEGE PARK ADDNBLOCK 28LOT 5 & 6ACRES161149
  • Utilities: Natural Gas AvailableOtherSewer AvailableSeparate MetersWater AvailableCable Available
  • Water: Public
  • Sewer: Public Sewer
  • Source: NTR

This listing courtesy of Theresa Brendemihl , Easy Life Realty

Monthly Payment

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

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