6-Unit Duplex
1901 W Shields, Sherman, TX 75092
For Sale
$899,000
ResidentialIncome, Sherman, TX
Property Size7,344 SF
Lot Size6,631.00 Acres
Price / SF$122.41
Days on Market27
Property Features for 1901 W Shields
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Parking
Parking features
Interior features
Exterior features
Fireplace
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Description
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Amenities
carports
in-unit laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Caple & Company
Listed By:
Melanie Caple · License TX #0609572
(214) 490-4936
Added: Oct 17
Changed: Nov 10
Last Checked: Nov 12 at 8:06AM
MLS# 21414061
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.
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 Sherman multifamily property comprises three duplex buildings with six units across 7,344 square feet. The brick improvements date to 1968. Property features include carports, in-unit laundry, and yards at select units. Interior and exterior details include walk-in closets, a sport court, and public water and sewer service.
All six units are leased. The property is located in Sherman, Texas, with nearby employment facilities including Texas Instruments’ semiconductor campus and the GlobalWafers America facility.
All six units are leased. The property is located in Sherman, Texas, with nearby employment facilities including Texas Instruments’ semiconductor campus and the GlobalWafers America facility.
Key Highlights
- Six residential units across three duplex buildings
- 7,344 square feet of building area
- All units currently leased
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
Office A
$2.58M
$2.26M – $3.01M
NOI $180,839 @ 7.0% cap · market cap 20.12%
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
6
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
436
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
$260,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Sherman, TX
Properties on Market for Multifamily properties in Sherman
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Three duplex buildings provide residential units with carports and in-unit laundry.
Where is this multifamily property located?
The property is located at 1901 W Shields 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 residential units across three duplex buildings; 7,344 square feet of building area; All units currently leased
