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    266 Forest Ln Gordonville, TX 76245

    For Sale
    $600,000

    Multiple Single Units - Gordonville, TX

    Lot size:
    1.37 Acres
    Days on Market:
    37
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 266 Forest Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    8
    Bathrooms
    5
    APN
    103414
    Parking
    10
    Parking features
    Carport, Covered, Driveway, Garage
    Fireplace
    1
    Appliances
    Dishwasher, Garbage Disposer, Range, Washer
    Lot size
    1.37 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2002
    Floors in Building
    1
    Flooring type
    Carpet
    Roof type
    Composition
    Architectural style
    Other

    Classic Real Estate (940) 297-1730

    Listing agent Derek King (940) 641-0763 License #0593162

    Listing date Oct 31, 2025

    MLS# 21095676 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Lake Texoma Rental Property Package

    This offering presents an opportunity to acquire a collection of properties in Gordonville, near Lake Texoma. The package includes three rental homes and two vacant lots. The residences consist of a brick home featuring 3 bedrooms, 2 bathrooms, and a 2-car garage; a corner lot home with 2 bedrooms, 1 bathroom, and a 2-car garage; and a 3-bedroom, 2-bathroom mobile home accompanied by a 20x30 metal shop. Additionally, there are two vacant lots suitable for constructing an additional home. The total lot size of all properties is 1.37 acres. Located a short distance from the lake and HWY 377, the properties offer potential for long-term rentals, short-term rentals, or an owner-occupied rental arrangement. Currently, the 2-bedroom home is available for viewing, while the other homes are leased on a month-to-month basis.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Suggested Use

    Restaurant Realty agency Spa & Massage Auto Repair Shop Hair Salon Nail Salon Hotel & Motel Gym & Fitness Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gordonville
    County
    Grayson
    State
    Texas
    Longitude
    -96.84288145
    Latitude
    33.84443444

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    FAQs

    What type of property is this?
    Single family property - Multiple rental homes and vacant lots near Lake Texoma.
    Where is this single family property located?
    The property is located at 266 Forest Ln Gordonville, TX.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: - Portfolio opportunity: Includes 3 rental homes and 2 vacant lots.; - Lake Texoma proximity: Blocks away from the lake.; - Income potential: Great for long-term or short-term rentals.
    (940) 641-0763
    Request Owner's contact information
    266 Forest Ln Gordonville, TX 76245
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    Gordonville, TX 76245
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    266 Forest Ln Gordonville, TX 76245
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