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Triplex with Loft-Style Unit
For Sale
$379,900

320 N Cleveland Avenue, Sherman, TX 75090

MULTI_FAMILY - Sherman, TX

Property SizeContact for details
Lot Size0.39 Acres
Days on Market48

Property Features for 320 N Cleveland Avenue

General Information

Property type Residential Multi Family
Property subtype Triplex
Bedrooms 5
Bathrooms 3
Full bathrooms 3
Rooms Bedroom 3, Bedroom 4, Bathroom 3, Bedroom 1, Bedroom 2, Bathroom 2, Bathroom 1, Bedroom 5
Parking 8
Parking features Driveway
Interior features DecorativeDesignerLightingFixtures, HighSpeedInternet, CableTv, WiredForSound
Accessibility Accessible Approach with Ramp
Appliances ElectricRange
Subdivision College Park Add
Elementary school Crutchfield
Middle school Piner
High school Sherman
Elementary school district Sherman ISD
Middle school district Sherman ISD
High school district Sherman ISD
Directions From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry
Standard status Active
APN 161149
Lot size 0.39 Acres

Taxes and HOA fees

Tax Description COLLEGE PARK ADDN, BLOCK 28, LOT 5 & 6, ACRES
Tax Annual Amount 8366
Legal Description COLLEGE PARK ADDN, BLOCK 28, LOT 5 & 6, ACRES

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Central
Cooling system Central Air, Electric
Water source Public

Building Details

Year built 1979
Floors in Building 2
Number of units 3
Flooring type Laminate, Carpet
Building materials Brick, Frame
Roof type Composition
Listing Agency: Easy Life Realty
Listed By: Theresa Brendemihl · License #0748216
Added: Jul 16 Changed: Aug 3 Last Checked: Sep 1 at 8:06AM
MLS# 21227961

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 triplex-style property on a 0.39-acre lot was built in 1979 and includes a brick duplex fronting Cleveland Street plus a two-story loft-style unit. The duplex has separate entrances at 320 N. Cleveland and 1520 Mulberry, while the loft-style unit is at 1580 Mulberry. Roof and siding were replaced in July 2026, supporting long-term exterior durability.

The home uses central heating with natural gas and central air with electric cooling, with a composition roof and public water and public sewer. A driveway provides parking, and an accessible approach with a ramp supports entry.

Current leases extend through August 31, 2026 and November 30, 2026 (with two leases through November 30, 2026). The lower level of the loft is ready for completion and could be finished into an additional studio apartment, offering an added-value path based on the existing layout.

Key Highlights

  • Roof and siding replaced in July 2026
  • Brick duplex fronting Cleveland Street with separate entrances at 320 N. Cleveland and 1520 Mulberry
  • Two‑story loft‑style unit at 1580 Mulberry with lower level ready for completion

Property Analytics

Current Use

Triplexes

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Pharmacy Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

244
Businesses Nearby

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

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Triplex - Three-unit brick income property with separate entrances, central HVAC, and a two-story loft-style unit.
Where is this triplex located?
The property is located at 320 N Cleveland Avenue Sherman, TX.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: Roof and siding replaced in July 2026; Brick duplex fronting Cleveland Street with separate entrances at 320 N. Cleveland and 1520 Mulberry; Two‑story loft‑style unit at 1580 Mulberry with lower level ready for completion
More about this property
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