Building Details

Building Size 2,700 SF

Year Built 1920

Year Renovated 2026

Buildings 1

Stories 2

Units 3

Listing Agency: Regal, REALTORS Show Phone

Listed By: Anna Wagers Show Phone

Source: Freedomrealtyllc

Added: Oct 23 Changed: Oct 25 Last Checked: Oct 26 at 3:55AM

Report an Issue

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 Regal, REALTORS

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Built in 1920, this 2,700-square-foot triplex contains three apartments with a combined six bedrooms and three bathrooms. Unit layouts range from a one-bedroom apartment to a three-bedroom upstairs unit; the latter also has a laundry area and a small second-story patio. Each apartment has an eat-in kitchen, and all three are equipped with an electric range and oven, microwave, and refrigerator. A new roof and new siding were installed in 2026. The property sits on a pier-and-beam foundation and includes a fenced backyard, two driveways, and a total of six vehicle spaces across the driveways.

The 0.2296-acre property is on South Travis Street in the M B Moore Addition in Sherman. US-75, downtown Sherman, Austin College, and the semiconductor corridor are nearby. Each apartment has its own electric meter, allowing separate billing; utilities are tenant-paid.

Key Highlights

• Triplex with three separate apartments and individual electric meters
• 2,700 square feet; 0.2296‑acre lot
• Unit mix: 1 bedroom, 1 bath; 2 bedrooms, 1 bath; and 3 bedrooms, 1 bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$20,697

Cap Rate

5.45%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$413,940 $413.9K

Cap Rate 7%

$295,671 $295.7K

Cap Rate 9%

$229,967 $230.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 2,700 SF

Gross rent

$33.4K $12.36/SF

− Vacancy

−$3.8K −$1.41/SF

EGI

$29.6K $10.95/SF

− OpEx

−$8.9K −$3.29/SF

NOI

$20.7K $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%

$413,940

Cap Rate 7%

$295,671

Cap Rate 9%

$229,967

Alternative Uses

Best Use

Multifamily LT 5

$295.7K

$258.7K – $345.0K (±1% cap)

NOI $20,697 @ 7.0% cap · market cap 5.45%

Second Best

Apartment 5plus

$262.1K

$229.3K – $305.8K (±1% cap)

NOI $18,347 @ 7.0% cap · market cap 4.83%

Theoretical Best

Hotel Hospitality

$1.39M

$1.21M – $1.62M (±1% cap)

NOI $96,957 @ 7.0% cap · market cap 25.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Lease Details

3

Residential units

Yes

Highway access

Yes

Paved road access

Yes

Utilities to site

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

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022

10.2% 2023

11.4% 2024

11.3% 2025

Similar For Sale Nearby

See more

Triplex with Two-Story Loft

320 N Cleveland Avenue, Sherman, TX 75090

$379,900

0.39 Acres

View details

Turnkey Renovated Triplex

410 S Vaden Street, Sherman, TX 75090

$250,000

View details

Two-Unit Duplex with Attached Garages

615-617 E Carter Street, Sherman, TX 75090

$379,900

2,476 SF

View details

Corner Office Building

905 N Travis Street, Sherman, TX 75090

$265,000

2,720 SF

View details

Well-Maintained Duplex Investment

208-212 E Cherry Street, Sherman, TX 75090

$409,999

3,224 SF

View details

Two-Unit Duplex with Fenced Yards

216 & 218 E Cherry St, Sherman, TX 75090

$399,000

3,288 SF

View details

Duplex with Fenced Yards

2724 Ginger Court, Sherman, TX 75092

$439,000

2,189 SF

View details

Finished Office Building

721 W Washington St, Sherman, TX 75092

$475,000

3,260 SF

View details

Turn-Key Rental Property Near Austin College

514 E Brockett St 516, Sherman, TX 75090

$449,000

0.28 Acres

View details

Two-Home Multifamily Property

111 Mitchell Road, Sherman, TX 75090

$506,000

1,886 SF

View details

Renovated Medical Office Building

300 N Bryant Ave, Sherman, TX 75090

$675,000

3,600 SF

View details

Medical Office Building with Two Suites

3415 N Loy Lake Road, Sherman, TX 75090

$830,000

0.47 Acres

View details

Frequently Asked Questions

What type of property is this?

Triplex - Three distinct apartments offer varied layouts, individual electric metering, and appliances in each unit.

Where is this triplex located?

The property is located at 1416 S Travis Street Sherman, TX.

What is the asking price?

The asking price for this property is $380,000.

What are key features of this property?

This property features: Triplex with three separate apartments and individual electric meters; 2,700 square feet; 0.2296‑acre lot; Unit mix: 1 bedroom, 1 bath; 2 bedrooms, 1 bath; and 3 bedrooms, 1 bath