Brick Triplex with Loft
320 N Cleveland Avenue, Sherman, TX 75090
New
- Added:
- May 29, 2026
- Days on Market:
- 5
- Last Refresh:
- Jun 2 at 8:06 pm
Property Features for 320 N Cleveland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bathroom 3, Bedroom 5, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking
- 8
- Parking features
- Driveway
- Interior features
- DecorativeDesignerLightingFixtures, HighSpeedInternet, CableTv, WiredForSound
- Accessibility
- Accessible Approach with Ramp
- Appliances
- ElectricRange
- 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
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 agent Theresa Brendemihl License #0748216 (903) 224-5171
Listing office Easy Life Realty Sherman, TX (903) 224-5171
Listing date May 29, 2026
MLS# 21227961
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
- Brick duplex with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a two‑story loft‑style unit at 1580 Mulberry
- Current leases: 320 Mulberry $1,100/mo (through Nov 30, 2026), 320 N. Cleveland $1,080/mo (through Aug 31, 2026), 1520 Mulberry $1,100/mo (through Nov 30, 2026)
- Roof and siding are scheduled to be replaced
- Year built 1979 with central heating and central air, plus natural gas and electric options
- Public utilities: public water and public sewer
- Accessible approach with ramp and driveway parking
Overview
This three-unit income property is built with a brick duplex fronting Cleveland Street and includes separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a distinct two-story loft-style unit at 1580 Mulberry. The roof and siding are scheduled to be replaced, providing near-term exterior improvements for the next owner. An added-value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment to enhance overall income potential.
The property is positioned just two blocks from Austin College, with walkability to campus. It’s also described as being only minutes from shopping, dining, medical facilities, and retail, supporting steady tenant demand in this investment corridor.
With current leases in place, the asset offers both immediate cash-flow and upside. Leases include 320 Mulberry at $1,100 per month through November 30, 2026; 320 N. Cleveland at $1,080 per month through August 31, 2026; and 1520 Mulberry at $1,100 per month through November 30, 2026. For investors seeking a small, manageable multi-unit with separate entry points and a practical opportunity to add living space, this property provides a compelling combination of stability and renovation-driven potential.
The property is positioned just two blocks from Austin College, with walkability to campus. It’s also described as being only minutes from shopping, dining, medical facilities, and retail, supporting steady tenant demand in this investment corridor.
With current leases in place, the asset offers both immediate cash-flow and upside. Leases include 320 Mulberry at $1,100 per month through November 30, 2026; 320 N. Cleveland at $1,080 per month through August 31, 2026; and 1520 Mulberry at $1,100 per month through November 30, 2026. For investors seeking a small, manageable multi-unit with separate entry points and a practical opportunity to add living space, this property provides a compelling combination of stability and renovation-driven potential.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Sherman
- County
- Grayson
- State
- Texas
- Longitude
- -96.592519
- Latitude
- 33.642897
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three-unit rental property with separate entrances and a loft unit, with roof and siding scheduled for replacement.
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 $394,999.
What are key features of this property?
This property features: Brick duplex with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a two‑story loft‑style unit at 1580 Mulberry; Current leases: 320 Mulberry $1,100/mo (through Nov 30, 2026), 320 N. Cleveland $1,080/mo (through Aug 31, 2026), 1520 Mulberry $1,100/mo (through Nov 30, 2026); Roof and siding are scheduled to be replaced
