New Construction Duplex with
1219-1223 South Austin Street Sherman, TX 75090
1219-1223 South Austin Street, Sherman, TX, 75090
$365,000
For Sale
$365,000
Newly built duplex with two-bedroom, two-bath units, each with a private garage and modern finishes.
Property Size2,594 SF
Price / SF$140.71
Days on Market195
Property Features for 1219-1223 South Austin Street
General Information
- Standard status
- Active
- Size
- 2,594 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 2026
Listing agency
C-21 DEAN GILBERT, REALTORS
(903) 814-7527
Listed by
Clay Gilbert · License #0731330
(903) 814-7527
Source
Compass
Added: Jan 8 Updated: Jul 21 at 1:54PM Checked: Jul 21 at 1:54PM
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 C-21 DEAN GILBERT, REALTORS
Investment Insights
Based on property information with market context.
New construction duplex offering two matching units, each laid out with 2 bedrooms and 2 bathrooms. Each side includes a private garage and modern finishes designed for efficient day-to-day living.
The property is located just minutes from Hwy 75 in Sherman, TX, with access to nearby shopping, dining, and major employers.
In addition to the unit amenities, the duplex includes a large backyard, providing outdoor space for residents on either side of the property.
The property is located just minutes from Hwy 75 in Sherman, TX, with access to nearby shopping, dining, and major employers.
In addition to the unit amenities, the duplex includes a large backyard, providing outdoor space for residents on either side of the property.
Key Highlights
- New construction duplex (2 units) built in 2026 on a slab foundation
- Each unit features 2 bedrooms and 2 baths with a private garage
- Modern interior finishes including carpet, luxury vinyl plank, and tile flooring
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 | $32.1k | $12.36 |
| − Vacancy | −$3.7k | −$1.41 |
| EGI | $28.4k | $10.95 |
| − OpEx | −$8.5k | −$3.29 |
| NOI | $19.9k | $7.67 |
2,594 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$284.1K
$248.6K – $331.4K
NOI $19,885 @ 7.0% cap · market cap 5.45%
Second Best
Apartment 5plus
$251.8K
$220.3K – $293.8K
NOI $17,627 @ 7.0% cap · market cap 4.83%
Theoretical Best
Hotel Hospitality
$1.33M
$1.16M – $1.55M
NOI $93,151 @ 7.0% cap · market cap 25.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Newly built duplex with two-bedroom, two-bath units, each with a private garage and modern finishes.
Where is this duplex located?
The property is located at 1219-1223 South Austin Street Sherman, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: New construction duplex (2 units) built in 2026 on a slab foundation; Each unit features 2 bedrooms and 2 baths with a private garage; Modern interior finishes including carpet, luxury vinyl plank, and tile flooring
