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Triplex with Three Homes
For Sale
$289,000

2988 State Hwy 154 E, Gilmer, TX 75645

MULTI_FAMILY - Gilmer, TX

Property SizeContact for details
Lot Size1.40 Acres
Days on Market52

Property Features for 2988 State Hwy 154 E

General Information

Property type Residential Multi Family
Property subtype Other
Parking features Carport
Directions From Gilmer take Hwy 154 East, go about 3 miles and property will be on the right. Sign by drive.
Subdivision GILMER ISD 332
Standard status Active
Lot size 1.40 Acres

Taxes and HOA fees

Tax Annual Amount 1799

Utilities

Heating system Electric (Heating), Central
Cooling system Window Unit(s), Electric, Central Air

Building Details

Year built 1970
Number of units 3
Listing Agency: Texas Real Estate Executives
Listed By: Cristina Drennan · License #0675313
Added: Jun 22 Changed: Aug 3 Last Checked: Aug 12 at 2:06AM
MLS# 20264447

Copyright © 2026 Longview Area Association of Realtors. 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.

Triplex property set on a 1.4-acre lot featuring three homes. The main home offers 3 bedrooms and 1 bathroom with original hardwood flooring and good-sized closets. Over the last few years, updates include an aerobic system, roof work, and upgraded electrical. The HVAC was replaced inside and out about 6 years ago, with central heating and cooling, plus additional electric window unit options.

The MIL suite is on a slab foundation with a metal roof, and includes a private entrance, a large bedroom with kitchen and a full bath, plus covered parking for 2 cars and storage building, accessed via its own drive. A separate tiny home on the property is described as like new, with an instant water heater and an RV-ready 30 amp hookup, along with its own private drive.

Outside, the backyard is over an acre and includes a small playground, family area, and a shaded walking trail. Parking includes a carport and enclosed carport space associated with the main home.

Key Highlights

  • 1.4‑acre triplex property with three homes
  • Main home: 3 bedrooms, 1 bathroom, original hardwood flooring
  • Recent updates include aerobic system, roof, upgraded electrical; HVAC replaced inside and out about 6 years ago

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Plumbing Service Kitchen & Bath Showroom Pet Grooming Service Discount Store Electronics & Wireless Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

15
Businesses Nearby

Demographics for 75645, TX

10,724
Population
4,505
Households
2.4
Avg Household Size
43
Median Age
17%
College-Educated
89%
High-School Grad
144.6 sq mi
ZIP Area
74
Density / Sq Mi
$64,069
Median Household Income
$47,741
Median Earnings
$1,060
Median Rent
$178,700
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Triplex with three separate homes, multiple bedrooms, and updated systems including HVAC replacement and upgraded electrical.
Where is this triplex located?
The property is located at 2988 State Hwy 154 E Gilmer, TX.
What is the asking price?
The asking price for this property is $289,000.
What are key features of this property?
This property features: 1.4‑acre triplex property with three homes; Main home: 3 bedrooms, 1 bathroom, original hardwood flooring; Recent updates include aerobic system, roof, upgraded electrical; HVAC replaced inside and out about 6 years ago
More about this property
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