Move-In-Ready Duplex With Private
For Sale
$298,000
307 Depot Street, Whitesboro, TX 76273
MULTI_FAMILY - Whitesboro, TX
Property Size1,986 SF
Lot Size0.29 Acres
Price / SF$150.05
Days on Market49
Property Features for 307 Depot Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
5
Bathrooms
2
Full bathrooms
2
Rooms
Bedroom 3, Bedroom 5, Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 2
Parking
8
Parking features
Driveway
Interior features
Pantry, NaturalWoodwork
Exterior features
PrivateYard, RainGutters, Storage
Fencing
Fenced
Appliances
Dishwasher, ElectricOven, Disposal
Subdivision
Mcfalls Add
Lot features
Back Yard, Lawn, Many Trees
Elementary school
Whitesboro
Middle school
Whitesboro
High school
Whitesboro
Elementary school district
Whitesboro ISD
Middle school district
Whitesboro ISD
High school district
Whitesboro ISD
Directions
From the US-82 and US-377 interchange on the north edge of Whitesboro, head south on US-377 (Union Ave) turn left (E Main St, go two blocks to E St, turn right (south) on E St and cross the railroad tracks, then turn left (east) on Depot St. 305 and 307 Depot are on the right.
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
Legal Description
MCFALLS ADDN, BLOCK 13, LOT PT 1,2,3, & PT OF
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
Wood, Tile
Building materials
Brick
Roof type
Composition, Shingle
Additional Structures
Storage
Listing Agency:
Deal Smith Realty LLC
(512) 784-1945
Listed By:
Derek Smith
(512) 784-1945
Added: Jun 12
Changed: Jul 27
Last Checked: Jul 30 at 4:06PM
MLS# 21300313
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.
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.
Key Highlights
- Duplex with shared roof at 305 and 307 Depot St; each side has a private entrance and full kitchen
- Side mix: 307 Depot St has 3 bedrooms and 1 bathroom; 305 Depot St has 2 bedrooms and 1 bathroom (5 beds, 2 full baths total)
- About 1,986 SF on a 0.29‑acre lot; built in 2000; both sides delivered vacant
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
237
Businesses Nearby
Explore this area
Business Placement
Demographics for 76273, TX
9,857
Population
4,182
Households
2.4
Avg Household Size
43
Median Age
20%
College-Educated
92%
High-School Grad
206.9 sq mi
ZIP Area
48
Density / Sq Mi
$80,244
Median Household Income
$41,441
Median Earnings
$1,171
Median Rent
$234,400
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 - 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 with shared roof at 305 and 307 Depot St; each side has a private entrance and full kitchen; Side mix: 307 Depot St has 3 bedrooms and 1 bathroom; 305 Depot St has 2 bedrooms and 1 bathroom (5 beds, 2 full baths total); About 1,986 SF on a 0.29‑acre lot; built in 2000; both sides delivered vacant
