Back to Search

Remodeled Income Duplex Investment

1503 E Wells Avenue Sherman, TX 75090

1503 E Wells Avenue, Sherman, TX, 75090

$229,900

For Sale

$229,900

MULTI_FAMILY - Sherman, TX

Lot Size0.21 Acres

AddedMay 29

Days on Market48

Last RefreshJul 15 at 5:06 pm

Property Features for 1503 E Wells Avenue

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Bathrooms: 2
Rooms: Bathroom 1, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 3, Bedroom 2
Parking: 2
Parking features: Off Street, Open, Garage, Driveway
Interior features: HighSpeedInternet, OpenFloorplan
Appliances: Dishwasher, ElectricRange, ElectricWaterHeater, Disposal
Standard status: Active
APN: 164751
Lot size: 0.21 Acres

Taxes and HOA fees

Tax Description: LINNSTEAD J C ADDN, BLOCK 3, LOT 2, ACRES .20
Tax Annual Amount: 3527

Utilities

Sewer type: Public Sewer
Heating system: Electric (Heating), Central
Cooling system: Electric, Central Air, Roof Turbines(s), Ceiling Fan(s)
Water source: Public

Building Details

Year built: 1956
Floors in Building: 1
Number of units: 2
Flooring type: Vinyl
Building materials: Brick, WoodSiding
Roof type: Composition

Listing agent Robert Genera License #0631641

Listing office United Real Estate Dallas, TX

Listing date May 29, 2026

MLS# 21284490 Listing URL

Copyright © 2026 North Texas Real Estate Information Systems, Inc. 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 duplex offers two income-producing units at 1501 and 1503 E Wells Ave. Both units have been remodeled and are currently rented on 1-year leases. Unit 1501 includes driveway parking. Unit 1503 has driveway parking plus a detached garage, and the rear unit features a completed garage conversion with washer and dryer hook-ups. The property is presented as turnkey and ready to operate, with remodeled interiors, active leases, and no deferred maintenance noted in the remarks.

The property is located in Sherman, Texas (Grayson County) at the specified address on E Wells Ave. The configuration includes dedicated driveway parking for each unit, with additional accessory space associated with unit 1503.

As an investment property, this setup can appeal to buyers seeking a ready-to-go duplex with in-place tenancy and renewed condition. The combination of remodeled units, leased status, and laundry hook-ups supports straightforward resident appeal while reducing the need for immediate capital work, according to the provided information.

Key Highlights

Income‑producing duplex at 1501 and 1503 E Wells Ave, Sherman, TX, with both units remodeled and rented on 1‑year leases for $995 each
5‑bedroom/2‑bathroom unit layout shown in the listing, with high‑speed internet and an open floorplan
1501 includes driveway parking; 1503 includes driveway parking plus a detached garage

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Similar For Sale Nearby

$1,500,000

3,767 SF

Flex Property with Climate-Controlled Shop

Climate-controlled workshop plus showroom and separate office building support a variety of service and light industrial uses.

2411 Texoma Parkway, Sherman, TX 75090

View Details
$566,000

2,610 SF

Downtown Retail Storefront Portfolio

Four separate rental storefront spaces for sale near Travis Street in downtown Sherman, TX.

115-121 E Wall, Sherman, TX 75090

View Details
$799,000

4,950 SF

Live-Work Loft with Retail

Mixed-use loft above street-level retail near Sherman Square, with exposed brick, two bedrooms, patio, and flexible all-seasons room.

205 & 207 E Houston Street, Sherman, TX 75090

View Details
$2,200,000

Historic Multi-Story Downtown Building

Three-story property built in 1870, currently gutted and ready for a full remodel, with elevator and parking behind.

115 S Travis Street, Sherman, TX 75090

View Details
$950,000

General Commercial Redevelopment Site

Former drive-up motel site zoned C-2, with city-agreed demolition option for redevelopment on Texoma Parkway.

2424 Texoma Parkway, Sherman, TX 75090

View Details
$1,200,000

Turnkey Medical Office Building with X-Ray

Purpose-built two-story medical office with exam rooms, private offices, and an on-site X-Ray room set for clinical workflows.

1700 Gallagher Drive, Sherman, TX 75090

View Details
$1,499,000

Flex Space with Separate Office Entrance

Former childcare center with classrooms, kitchen, restrooms, and a separate north-side entrance for adaptable office or manufacturing use.

920 Heritage Parkway, Sherman, TX 75092

View Details
$850,000

Medical Office Building with Two Suites

Two separately metered suites with exam rooms, multi-zone HVAC, and repaved parking support flexible medical or office use.

3415 N Loy Lake Road, Sherman, TX 75090

View Details
$945,000

5,000 SF

Sherman, Texas Commercial Opportunity

C-2 zoned property with parking lot in Sherman, Texas.

117 Houston St, Sherman, TX 75090

View Details
$1,100,000

Medical Office Building for Sale

Multi-space medical or professional office building with established layout and convenient accessibility for practitioners and support staff.

500 E Peyton Street, Sherman, TX 75090

View Details
$1,100,000

18,000 SF

Skating Rink and Flex Redevelopment Site

Operating skating rink on 1.1 acres with about 18,000 SF of improvements for entertainment or flex conversion.

3100 Versaille Drive, Sherman, TX 75090

View Details
$475,000

Two-Building Commercial Property Near US-75

For sale: two separate parcels with two commercial buildings totaling building space for flexible contractor or service uses.

520 S Sam Rayburn Freeway, Sherman, TX 75090

View Details

For sale
Duplexes
TX
Sherman
75090
1503 E Wells Avenue

What type of property is this?

Duplex - Turnkey duplex with remodeled, leased units and driveway parking plus a detached garage.

Where is this duplex located?

The property is located at 1503 E Wells Avenue Sherman, TX.

What is the asking price?

The asking price for this property is $229,900.

What are key features of this property?

This property features: Income‑producing duplex at 1501 and 1503 E Wells Ave, Sherman, TX, with both units remodeled and rented on 1‑year leases for $995 each; 5‑bedroom/2‑bathroom unit layout shown in the listing, with high‑speed internet and an open floorplan; 1501 includes driveway parking; 1503 includes driveway parking plus a detached garage

1503 E Wells Avenue Sherman, TX 75090

MULTI_FAMILY - Sherman, TX

Property Features for 1503 E Wells Avenue

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Flex Property with Climate-Controlled Shop

Downtown Retail Storefront Portfolio

Live-Work Loft with Retail

Historic Multi-Story Downtown Building

General Commercial Redevelopment Site

Turnkey Medical Office Building with X-Ray

Flex Space with Separate Office Entrance

Medical Office Building with Two Suites

Sherman, Texas Commercial Opportunity

Medical Office Building for Sale

Skating Rink and Flex Redevelopment Site

Two-Building Commercial Property Near US-75

FAQs