Residential Income Property with MIL
For Sale
$225,000
1208 N Wheeler, Colmesneil, TX 75938
MULTI_FAMILY - Colmesneil, TX
Property Size2,300 SF
Lot Size3.07 Acres
Price / SF$97.83
Days on Market39
Property Features for 1208 N Wheeler
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
4
Bathrooms
3
Full bathrooms
2
Half bathrooms
1
Rooms
Bathroom 3, Bedroom 4, Bedroom 2, Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 1
Interior features
Ceiling Fan(s), Dryer Connection-Electric, Split Bedrooms
Exterior features
Fire Pit, Multiple Houses
Fireplace
1
Subdivision
Tyler County
Elementary school district
Colmesneil
Middle school district
Colmesneil
High school district
Colmesneil
Standard status
Active
Size
2,300 SF
Lot size
3.07 Acres
Utilities
Heating system
Electric (Heating)
Cooling system
Window Unit(s), Central Air
Building Details
Year built
1972
Flooring type
Tile, Carpet
Roof type
Composition
Architectural style
Other
Listing Agency:
Ramblin' Ranches* Yeary Real Estate LLC
(936) 465-3994
Listed By:
Lindsey Courtney
(936) 635-9288
Added: Jun 24
Changed: Aug 1
Last Checked: Aug 1 at 6:06PM
MLS# 70014045
Copyright © 2026 Deep East Texas MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This residential income property includes a main home with four bedrooms and two and a half bathrooms, plus a mother-in-law suite located off the back of the home with its own full bathroom and small kitchen area. The property is described as livable, though it may benefit from cosmetic updates and improvements. In addition to the main home and suite, there are two separate homes on the property that are currently tenant-occupied. The sale is being offered as-is.
The property sits on 3.07 acres in Colmesneil and provides convenient access right off Highway 69. With over three acres, the site offers space that could support future expansion or additional income-producing improvements, subject to applicable requirements.
For buyers and investors, the combination of a main residence, an attached mother-in-law suite, and two tenant-occupied homes can support a diversified rental layout. It may also appeal to owners looking to house family or guests while maintaining rental income from the other homes. Prospective purchasers should plan for needed cosmetic work while evaluating the property’s overall condition as provided in an as-is sale.
The property sits on 3.07 acres in Colmesneil and provides convenient access right off Highway 69. With over three acres, the site offers space that could support future expansion or additional income-producing improvements, subject to applicable requirements.
For buyers and investors, the combination of a main residence, an attached mother-in-law suite, and two tenant-occupied homes can support a diversified rental layout. It may also appeal to owners looking to house family or guests while maintaining rental income from the other homes. Prospective purchasers should plan for needed cosmetic work while evaluating the property’s overall condition as provided in an as-is sale.
Key Highlights
- 4‑bedroom, 2.5‑bath home built in 1972, sitting on over 3 acres in Colmesneil
- Mother‑in‑law suite off the back includes a full bathroom and small kitchen area
- Two separate homes on the property are currently tenant‑occupied for immediate rental income
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 75938, TX
2,432
Population
1,623
Households
1.5
Avg Household Size
49
Median Age
12%
College-Educated
88%
High-School Grad
190.1 sq mi
ZIP Area
13
Density / Sq Mi
$48,903
Median Household Income
$44,093
Median Earnings
$734
Median Rent
$117,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - Multi-home residential income setup with a mother-in-law suite and tenant-occupied homes, offered for sale as-is.
Where is this single family property located?
The property is located at 1208 N Wheeler Colmesneil, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: 4‑bedroom, 2.5‑bath home built in 1972, sitting on over 3 acres in Colmesneil; Mother‑in‑law suite off the back includes a full bathroom and small kitchen area; Two separate homes on the property are currently tenant‑occupied for immediate rental income
