Sherman TX Multi Family for Sale
$1,100,000
517-523 S Travis St Sherman, TX 75090
- Type:
- Apartment
- Sq.Ft.:
- 9,065
- Status:
- Active
- Beds:
- n/a
- Lot size:
- 0.25 Acres
- Year built:
- 1946
- Baths:
- MLS#:
- 20576286
- Subdivision:
- G-0056
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Courtesy: Vissute Real Estate, LLC
ADDITIONAL INFORMATION
This stabilized multifamily property is an ideal investment opportunity. Boasting 100% occupancy and an average of 97.5% over the past five years, the property is well-positioned in a prime location with convenient access to the downtown square and major highways. It features a diverse unit mix, including large efficiencies, 1-bedroom, and 2-bedroom apartments, with the added convenience of on-site laundry and washer-dryer hookups in the 2-bedroom units. Residents enjoy ample parking, and recent improvements include new roofs installed in September 2024, a new fence along the south side in August 2024, and a new stairwell for the duplex added in September 2024. Currently self-managed by the owner, this property offers a secure, income-generating investment with consistent occupancy in a high-demand area.The Welling Apartments is comprised of 13 units blocks away from Downtown Sherman, TX.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. ©2025 North Texas Real Estate Information Systems
Sherman Real Estate
The median home value in Sherman, TX is $234,700. This is lower than the county median home value of $244,800. The national median home value is $338,100. The average price of homes sold in Sherman, TX is $234,700. Approximately 47.9% of Sherman homes are owned, compared to 41.51% rented, while 10.58% are vacant. Sherman real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Sherman real estate agent to arrange a tour today!
Sherman, Texas 75090 has a population of 43,273. Sherman 75090 is less family-centric than the surrounding county with 30.39% of the households containing married families with children. The county average for households married with children is 31.12%.
The median household income in Sherman, Texas 75090 is $53,536. The median household income for the surrounding county is $62,078 compared to the national median of $69,021. The median age of people living in Sherman 75090 is 34.5 years.
Sherman Weather
The average high temperature in July is 92.4 degrees, with an average low temperature in January of 32 degrees. The average rainfall is approximately 42.2 inches per year, with 1.2 inches of snow per year.