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Multifamily Property with Multiple Homes
For Sale
$225,000

1208 N Wheeler, Colmesneil, TX 75938

Residential, A-Frame, Traditional, Colmesneil, TX

Property Size2,300 SF
Lot Size3.07 Acres
Price / SF$97.83
Days on Market62

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 Bedroom 3, Bedroom 4, Bathroom 1, Bathroom 2, Bedroom 1, Bathroom 3, Bedroom 2
Interior features Ceiling Fan(s), Dryer Connection-Electric, Split Bedrooms
Exterior features Fire Pit, Multiple Houses
Fireplace 1
Subdivision Tyler County
Elementary school Woodville
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 Central Air, Window Unit(s)

Building Details

Year built 1972
Flooring type Carpet, Tile
Roof type Composition
Architectural style Other
Listing Agency: Ramblin' Ranches* Yeary Real Estate LLC
Listed By: Lindsey Courtney
Added: Jun 24 Changed: Aug 20 Last Checked: Aug 24 at 5:06AM
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 multifamily property includes a 2,300-square-foot main residence with four bedrooms and two and one-half bathrooms, plus a mother-in-law suite positioned at the rear. The suite has a full bathroom and a small kitchen area. Two additional detached homes are also located on the property and are currently tenant-occupied. The main residence includes central air, window units, electric heating, carpet and tile flooring, ceiling fans, and a fireplace.

The property encompasses 3.07 acres with access directly from Highway 69. Built in 1972, the improvements include multiple houses and are being sold as-is. The acreage provides the setting for the existing residential structures and associated outdoor features, including a fire pit.

Key Highlights

  • 3.07‑acre multifamily property with multiple residential structures
  • 2,300‑square‑foot main home with 4 bedrooms and 2 1/2 bathrooms
  • Mother‑in‑law suite includes a full bathroom and small kitchen area

Property Analytics

Current Use

Multifamily properties

Suggested Use

Top Pick Grocery & Convenience Store Dental Office Big Box & Wholesale Store Cafe & Coffee Shop Tanning Salon HVAC Service

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

Lease Details

4
Residential units
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

17
Businesses Nearby

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

Market

Vacancy Rate% for Multifamily in South region

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

What type of property is this?
Multifamily property - The property includes a main home, mother-in-law suite, and two separate tenant-occupied homes.
Where is this multifamily 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: 3.07‑acre multifamily property with multiple residential structures; 2,300‑square‑foot main home with 4 bedrooms and 2 1/2 bathrooms; Mother‑in‑law suite includes a full bathroom and small kitchen area
More about this property
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