Two-Unit Duplex with Covered
1006 West Washington Street Sherman, TX 75092
1006 West Washington Street, Sherman, TX, 75092
$425,000
For Sale
$425,000
Each side offers 2 bedrooms and 2 full baths, with a recently replaced roof and covered parking.
Property Size2,735 SF
Price / SF$155.39
Days on Market82
Property Features for 1006 West Washington Street
General Information
- Standard status
- Active
- Size
- 2,735 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1986
Listing agency
Real Broker, LLC
(903) 267-9704
Listed by
Amanda Phillips · License #0575722
(903) 267-9704
Source
Compass
Added: May 1 Updated: Jul 21 at 12:47PM Checked: Jul 21 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Real Broker, LLC
Investment Insights
Based on property information with market context.
This duplex features two separate residential sides, each offering 2 bedrooms and 2 full bathrooms. Interior amenities include a nice sized kitchen with appliances, including a refrigerator, along with a full size utility room per side. Each unit also has its own privacy fenced patio, with an outdoor storage closet. The roof has recently been replaced, and covered parking is provided in the back.
The property is located at 1006 West Washington Street in Sherman, TX. The adjoining duplex at 1004 W Washington Street is also noted as available for sale, and the duplexes at 1000 and 1002 W Washington Street are available for sale next door as well.
Overall, the configuration supports fully self-contained living setups on both sides, with dedicated outdoor space and practical covered parking.
The property is located at 1006 West Washington Street in Sherman, TX. The adjoining duplex at 1004 W Washington Street is also noted as available for sale, and the duplexes at 1000 and 1002 W Washington Street are available for sale next door as well.
Overall, the configuration supports fully self-contained living setups on both sides, with dedicated outdoor space and practical covered parking.
Key Highlights
- Duplex in Sherman, TX at 1004 and 1006 W Washington
- 2 beds and 2 full baths per side (2 total units)
- Central air and central electric heating in each unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.8k | $12.36 |
| − Vacancy | −$3.9k | −$1.41 |
| EGI | $30.0k | $10.95 |
| − OpEx | −$9.0k | −$3.29 |
| NOI | $21.0k | $7.67 |
2,735 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$299.5K
$262.1K – $349.4K
NOI $20,966 @ 7.0% cap · market cap 4.93%
Second Best
Apartment 5plus
$265.5K
$232.3K – $309.8K
NOI $18,585 @ 7.0% cap · market cap 4.37%
Theoretical Best
Hotel Hospitality
$1.40M
$1.23M – $1.64M
NOI $98,214 @ 7.0% cap · market cap 23.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Each side offers 2 bedrooms and 2 full baths, with a recently replaced roof and covered parking.
Where is this duplex located?
The property is located at 1006 West Washington Street Sherman, TX.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Duplex in Sherman, TX at 1004 and 1006 W Washington; 2 beds and 2 full baths per side (2 total units); Central air and central electric heating in each unit
