Two-Unit
1328 S Travis Street #1326, Sherman, TX 75090
For Sale
New
$275,000
Each residence has its own private entrance and is currently leased.
Property Size1,912 SF
Price / SF$143.83
Days on Market7
Property Features for 1328 S Travis Street #1326
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Occupancy
Additional Details
Average Monthly Rent
Multifamily Units
Tenant in Place
Amenities
Eat-In Kitchen
Building Details
Building Size
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
OmniKey Realty, LLC.
(972) 480-8280
Listed By:
Bernard Bell · License TX #0718117
(954) 588-8484
Source:
Bourquinrealty
Added: Nov 4
Last Checked: Nov 9 at 2:44AM
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 OmniKey Realty, LLC.
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Investment Insights
Based on property information with market context.
Built in 2001, this 1,912-square-foot duplex contains two residences, each with bedrooms, a living area, and a kitchen. Separate private entrances serve the units, and both are occupied under leases. The lease for 1326 runs through 7-31-27; the lease for 1328 runs through 3-31-27.
The property is at 1328 S Travis Street in Sherman, near schools, shops, restaurants, major roads, and downtown.
The property is at 1328 S Travis Street in Sherman, near schools, shops, restaurants, major roads, and downtown.
Key Highlights
- Two‑unit duplex with 1,912 square feet
- Built in 2001
- Both residences are currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,657
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,140
$293.1K
Cap Rate 7%
$209,386
$209.4K
Cap Rate 9%
$162,856
$162.9K
Market Conditions
NOI Build-Up for 1,912 SF
Gross rent
$23.6K $12.36/SF
− Vacancy
−$2.7K −$1.41/SF
EGI
$20.9K $10.95/SF
− OpEx
−$6.3K −$3.29/SF
NOI
$14.7K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$293,140
Cap Rate 7%
$209,386
Cap Rate 9%
$162,856
Alternative Uses
Best Use
Multifamily LT 5
$209.4K
$183.2K – $244.3K
NOI $14,657 @ 7.0% cap · market cap 5.33%
Second Best
Apartment 5plus
$185.6K
$162.4K – $216.6K
NOI $12,993 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$672.6K
$588.5K – $784.7K
NOI $47,081 @ 7.0% cap · market cap 17.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
167
Businesses Nearby
Explore this area
Business Placement
Demographics for 75090, TX
25,002
Population
9,602
Households
2.6
Avg Household Size
35
Median Age
15%
College-Educated
84%
High-School Grad
78.5 sq mi
ZIP Area
318
Density / Sq Mi
$58,586
Median Household Income
$36,230
Median Earnings
$1,111
Median Rent
$163,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Sherman, TX
Properties on Market for Duplexes in Sherman
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has its own private entrance and is currently leased.
Where is this duplex located?
The property is located at 1328 S Travis Street #1326 Sherman, TX.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,912 square feet; Built in 2001; Both residences are currently leased
