Updated Duplex Income
620 South Charles Street Sherman, TX 75090
620 South Charles Street, Sherman, TX, 75090
$300,000
For Sale
$300,000
Both duplex units are leased and updated, with open-concept interiors, updated kitchens, and shared yard and parking.
Property Size2,830 SF
Price / SF$106.01
Days on Market331
Property Features for 620 South Charles Street
General Information
- Standard status
- Active
- Size
- 2,830 SF
- Property subtype
- Multi-Family / Full Duplex
Building Details
- Year Built
- 1930
Listing agency
OmniKey Realty, LLC.
(931) 703-4746
Listed by
Mallory Adams · License #0746744
(931) 703-4746
Source
Compass
Added: Aug 26, 2025 Updated: Jul 21 at 6:56AM Checked: Jul 21 at 6:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OmniKey Realty, LLC.
Investment Insights
Based on property information with market context.
This updated duplex is 100% occupied and offers two distinct rental units. Unit 620 features 3 bedrooms and 2 bathrooms and is leased through 7-5-26. Unit 622 features 4 bedrooms and 2 bathrooms and is leased through 7-14-26.
Inside, both units offer open-concept living areas with plenty of natural light. Kitchens include white cabinets, granite countertops, and a tile backsplash. The primary bedroom in each unit includes an adjoining on-suite bath, with tile shower noted in the description.
The property also includes a shared yard and plenty of parking, supporting comfortable day-to-day living for residents.
Inside, both units offer open-concept living areas with plenty of natural light. Kitchens include white cabinets, granite countertops, and a tile backsplash. The primary bedroom in each unit includes an adjoining on-suite bath, with tile shower noted in the description.
The property also includes a shared yard and plenty of parking, supporting comfortable day-to-day living for residents.
Key Highlights
- 100% occupied duplex in Sherman, TX with 2 total units
- Unit 620: 3 bed / 2 bath leased through 7‑5‑26 at $1,325 per month
- Unit 622: 4 bed / 2 bath leased through 7‑14‑26 at $1,175 per month
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 | $35.0k | $12.36 |
| − Vacancy | −$4.0k | −$1.41 |
| EGI | $31.0k | $10.95 |
| − OpEx | −$9.3k | −$3.29 |
| NOI | $21.7k | $7.67 |
2,830 SF · lease $12.36/SF/yr · vacancy 11.40% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.9K
$271.2K – $361.6K
NOI $21,694 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$274.7K
$240.4K – $320.5K
NOI $19,231 @ 7.0% cap · market cap 6.41%
Theoretical Best
Hotel Hospitality
$1.45M
$1.27M – $1.69M
NOI $101,625 @ 7.0% cap · market cap 33.88%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Both duplex units are leased and updated, with open-concept interiors, updated kitchens, and shared yard and parking.
Where is this duplex located?
The property is located at 620 South Charles Street Sherman, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: 100% occupied duplex in Sherman, TX with 2 total units; Unit 620: 3 bed / 2 bath leased through 7‑5‑26 at $1,325 per month; Unit 622: 4 bed / 2 bath leased through 7‑14‑26 at $1,175 per month
