Six-Unit Multifamily
New
For Sale
$899,000
1901 W Shields 1903 1905 1907 1909 1, Sherman, TX 75092
Three duplex buildings provide carports, in-unit laundry, and yard space at select residences.
Property Size7,344 SF
Price / SF$122.41
Days on Market3
Property Features for 1901 W Shields 1903 1905 1907 1909 1
General Information
Standard status
Active
Size
7,344 SF
Property subtype
Duplex
Occupancy
100%
Additional Details
Multifamily Units
6
Tenant in Place
Yes
Amenities
carports
in-unit laundry
yards
Building Details
Building Size
7,344 SF
Year Built
1968
Buildings
3
Listing Agency:
Caple & Company
Listed By:
Melanie Caple · License #0609572
(214) 490-4936
Source:
Monumentrealtytx
Added: Oct 31
Last Checked: Oct 29 at 11:42PM
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 Caple & Company
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-unit multifamily property consists of three duplex buildings in Sherman, Texas. Built in 1968, the residences include carports and in-unit laundry, with yard space available at select units. The property is currently fully leased.
The Sherman area includes Texas Instruments’ semiconductor manufacturing campus and GlobalWafers America’s facility. The property also has low-maintenance grounds and a groundskeeper located a short distance away.
The Sherman area includes Texas Instruments’ semiconductor manufacturing campus and GlobalWafers America’s facility. The property also has low-maintenance grounds and a groundskeeper located a short distance away.
Key Highlights
- Six rental units across three duplex buildings
- Currently 100% leased
- Carports and in‑unit laundry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,905
Cap Rate
5.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,100
$998.1K
Cap Rate 7%
$712,929
$712.9K
Cap Rate 9%
$554,500
$554.5K
Market Conditions
NOI Build-Up for 7,344 SF
Gross rent
$103.1K $14.04/SF
− Vacancy
−$12.4K −$1.68/SF
EGI
$90.7K $12.36/SF
− OpEx
−$40.8K −$5.56/SF
NOI
$49.9K $6.80/SF
Area
Grayson County, TX
Vacancy
12.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,100
Cap Rate 7%
$712,929
Cap Rate 9%
$554,500
Alternative Uses
Best Use
Apartment 5plus
$712.9K
$623.8K – $831.8K
NOI $49,905 @ 7.0% cap · market cap 5.55%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.77M
$3.30M – $4.40M
NOI $263,723 @ 7.0% cap · market cap 29.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Explore this area
Business Placement
Demographics for 75092, TX
27,186
Population
13,117
Households
2.1
Avg Household Size
39
Median Age
30%
College-Educated
94%
High-School Grad
113.9 sq mi
ZIP Area
239
Density / Sq Mi
$67,160
Median Household Income
$41,683
Median Earnings
$1,205
Median Rent
$260,100
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three duplex buildings provide carports, in-unit laundry, and yard space at select residences.
Where is this multifamily property located?
The property is located at 1901 W Shields 1903 1905 1907 1909 1 Sherman, TX.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Six rental units across three duplex buildings; Currently 100% leased; Carports and in‑unit laundry
