Remodeled Income Duplex
For Sale
$229,900
1503 E Wells Avenue, Sherman, TX 75090
MULTI_FAMILY - Sherman, TX
Lot Size0.21 Acres
Days on Market64
Property Features for 1503 E Wells Avenue
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 2, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 2, Bedroom 5, Bathroom 1
Parking
2
Parking features
Open, Driveway, Off Street, Garage
Interior features
HighSpeedInternet, OpenFloorplan
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Disposal
Subdivision
Linnstead J C Add
Elementary school
Crutchfield
Middle school
Sherman
High school
Sherman
Elementary school district
Sherman ISD
Middle school district
Sherman ISD
High school district
Sherman ISD
Directions
Use GPS. Closest intersection is S Dewey Ave and E Lamar St. 1501 and 1503 E Wells Ave, Sherman, TX 75090
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
Legal Description
LINNSTEAD J C ADDN, BLOCK 3, LOT 2, ACRES .20
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Ceiling Fan(s), Central Air, Electric, Roof Turbines(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 Agency:
United Real Estate
(972) 372-0590
Listed By:
Robert Genera · License #0631641
(972) 372-0590
Added: May 29
Changed: Jul 28
Last Checked: Jul 31 at 1:06AM
MLS# 21284490
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.
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
- Great income‑producing duplex at 1501 and 1503 E Wells Ave (both units remodeled and rented)
- Both units are on 1‑year leases at $995 each
- 1503 includes driveway parking plus a detached garage and washer/dryer hookups (rear unit garage conversion)
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
217
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
Questions? Ask Rey
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Frequently Asked Questions
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: Great income‑producing duplex at 1501 and 1503 E Wells Ave (both units remodeled and rented); Both units are on 1‑year leases at $995 each; 1503 includes driveway parking plus a detached garage and washer/dryer hookups (rear unit garage conversion)
