Move-In-Ready Duplex With Private
307 Depot Street, Whitesboro, TX 76273
New
MULTI_FAMILY - Whitesboro, TX
Property size:
1,986 SFLot size:
0.29 AcresPrice / SF:
$150/SF- Added:
- Jun 12, 2026
- Days on Market:
- 4
- Last Refresh:
- Jun 15 at 12:06 pm
Property Features for 307 Depot Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 3, Bathroom 2, Bedroom 2, Bedroom 4, Bedroom 5, Bedroom 1, Bathroom 1
- Parking
- 8
- Parking features
- Driveway
- Interior features
- Pantry, NaturalWoodwork
- Exterior features
- PrivateYard, RainGutters, Storage
- Fencing
- Fenced
- Appliances
- Dishwasher, ElectricOven, Disposal
- Standard status
- Active
- APN
- 170251
- Lot size
- 0.29 Acres
Taxes and HOA fees
- Tax Description
- MCFALLS ADDN, BLOCK 13, LOT PT 1,2,3, & PT OF
- Tax Annual Amount
- 4400
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Central Air
Building Details
- Year built
- 2000
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile, Wood
- Building materials
- Brick
- Roof type
- Composition, Shingle
- Additional Structures
- Storage
Listing agent Derek Smith (512) 784-1945
Listing office Deal Smith Realty LLC TX (512) 784-1945
Listing date Jun 12, 2026
MLS# 21300313
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.
HighLights
- Duplex built in 2000 in Whitesboro, one block off Main Street downtown; each side has a private entrance and full kitchen.
- 307 Depot St side: 3 bedrooms, 1 bathroom; 305 Depot St side: 2 bedrooms, 1 bathroom (total 5 beds, 2 full baths).
- Roughly 1,986 SF on a 0.29‑acre lot; both sides delivered vacant for immediate move‑in or leasing.
- Brick construction with central heating and central air; tile and wood flooring throughout.
- Fenced property with private yard, driveway parking, storage, and rain gutters.
- No HOA; public sewer and composition shingle roof; priced at $298,000 (roughly below a $320,000 appraised value).
Overview
Move-in-ready duplex offered with both sides delivered vacant. 305 and 307 Depot Street share one roof, yet each side functions like its own home with a private entrance, a full kitchen, and comfortable living space. The 307 side includes 3 bedrooms and 1 bathroom, while the 305 side includes 2 bedrooms and 1 bathroom. Built in 2000, the property sits on a 0.29-acre lot and is presented without an HOA.
Located in Whitesboro, the property is described as being in the heart of town, about one block off Main Street downtown, with an easy walk to local shops and cafes. It is also positioned near the US-82 and US-377 interchange, approximately an hour north of the DFW Metroplex, placing Sherman, Denison, and the shores of Lake Texoma within a short drive.
This configuration can support a house-hacking approach, with the option to live in one side while renting the other, or to hold both units as a residential income property. With two separate addresses already in place and each side laid out as a self-contained home, the property may appeal to buyers seeking straightforward owner-occupancy or a multi-unit rental strategy.
Located in Whitesboro, the property is described as being in the heart of town, about one block off Main Street downtown, with an easy walk to local shops and cafes. It is also positioned near the US-82 and US-377 interchange, approximately an hour north of the DFW Metroplex, placing Sherman, Denison, and the shores of Lake Texoma within a short drive.
This configuration can support a house-hacking approach, with the option to live in one side while renting the other, or to hold both units as a residential income property. With two separate addresses already in place and each side laid out as a self-contained home, the property may appeal to buyers seeking straightforward owner-occupancy or a multi-unit rental strategy.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.5k | $12.36 |
| − Vacancy | −$2.8k | −$1.41 |
| EGI | $21.7k | $10.95 |
| − OpEx | −$6.5k | −$3.29 |
| NOI | $15.2k | $7.67 |
1,986 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$217.5K
$190.3K – $253.7K
NOI $15,224 @ 7.0% cap · market cap 5.11%
Second Best
Apartment 5plus
$192.8K
$168.7K – $224.9K
NOI $13,496 @ 7.0% cap · market cap 4.53%
Theoretical Best
Hotel Hospitality
$1.02M
$891.5K – $1.19M
NOI $71,317 @ 7.0% cap · market cap 23.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Whitesboro
- County
- Grayson
- State
- Texas
- Longitude
- -96.902785
- Latitude
- 33.653053
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Vacant duplex with two private-entry homes, full kitchens, and flexible live-in or rental use near downtown Whitesboro.
Where is this duplex located?
The property is located at 307 Depot Street Whitesboro, TX.
What is the asking price?
The asking price for this property is $298,000.
What are key features of this property?
This property features: Duplex built in 2000 in Whitesboro, one block off Main Street downtown; each side has a private entrance and full kitchen.; 307 Depot St side: 3 bedrooms, 1 bathroom; 305 Depot St side: 2 bedrooms, 1 bathroom (total 5 beds, 2 full baths).; Roughly 1,986 SF on a 0.29‑acre lot; both sides delivered vacant for immediate move‑in or leasing.
