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    500- 502 E State Hwy, Unit 11 Tom Bean, TX 75489

    For Sale
    $490,000

    Multiple Single Units - Tom Bean, TX

    Lot size:
    0.20 Acres
    Days on Market:
    115
    Last Refresh:
    Dec 10 at 3:06 am

    Property Features for 500- 502 E State Hwy

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    4
    APN
    153002
    Parking
    2
    Parking features
    Garage
    Patio and Porch features
    Deck
    Interior features
    Eat-in Kitchen, Open Floorplan
    Exterior features
    Covered Deck, Private Entrance
    Appliances
    Dishwasher, Range, Washer
    Lot size
    0.20 Acres

    Utilities

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

    Building Details

    Year built
    1998
    Floors in Building
    2
    Flooring type
    Carpet, Tile, Tile - Ceramic
    Building materials
    Board & Batten Siding
    Roof type
    Composition
    Architectural style
    Other

    Weichert, Realtors - Solid Ground (903) 583-4900 [email protected]

    Listing agent DONNA WOODRUFF (903) 583-4900 License #0483138

    Listing date Aug 18, 2025

    MLS# 21035308 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

    Residential Income Property in Tom Bean

    This property features two separate homes, each containing 3 bedrooms and 2 bathrooms. The homes are currently occupied by long-term tenants who maintain the properties in good condition. A curved driveway provides ample parking for residents and guests. Situated on Highway 11, the location offers convenient commutes to Sherman, Bonham, Whitewright, and McKinney. This property is suitable for investors seeking income-generating assets. The lot size is 0.2 acres. The property is located in Tom Bean, Grayson County, Texas. The property is comprised of units 500-502, and units 504-506 may also be purchased together or separately.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    Tom Bean
    County
    Grayson
    State
    Texas
    Longitude
    -96.478138
    Latitude
    33.519494

    Nearby Similar for Sale

    • $492,000
      0.15 Acres

      New Construction Duplex in Tom Bean

      Income-producing, fully tenant-occupied duplex with modern amenities in a quiet neighborhood.
      406 E Bonham St, Tom Bean, TX 75491
      View Details

    FAQs

    What type of property is this?
    Residential income property - Two homes with long-term tenants, ideal for investors.
    Where is this residential income property located?
    The property is located at 500- 502 E State Hwy, Unit 11 Tom Bean, TX.
    What is the asking price?
    The asking price for this property is $490,000.
    What are key features of this property?
    This property features: - Two separate homes (duplex) with long-term tenants.; - Potential to purchase additional units (504-506) for a larger investment.; - Convenient location on Hwy 11 with easy commutes to Sherman, Bonham, Whitewright, and McKinney.
    (903) 583-4900
    Request Owner's contact information
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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
    500- 502 E State Hwy, Unit 11 Tom Bean, TX 75489
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