Renovated-Unit
A-b-419 N Grand Ave, Sherman, TX 75090
For Sale
$250,500
Two separate residences pair updated interiors with an occupied second unit under lease through February 2027.
Property Size2,197 SF
Price / SF$114.02
Days on Market8
Property Features for A-b-419 N Grand Ave
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Listing Agency:
McCaw Properties
Listed By:
Melanie Steele · License TX #0643943
(817) 491-2553
Source:
Exprealty
Added: Nov 3
Changed: Nov 6
Last Checked: Nov 8 at 8:45AM
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 McCaw Properties
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,197-square-foot duplex in Sherman contains two residences with five bedrooms total. The front unit has three bedrooms and one bathroom and has been renovated, with wood flooring, large windows, built-in dining-room cabinetry, granite kitchen counters, new vinyl flooring, and an updated bathroom vanity and fixtures. Unit B has two bedrooms and one bathroom, with updates throughout.
The property is directly across from Austin College. Unit B is tenant-occupied through February 2027, while the front residence is available for occupancy.
The property is directly across from Austin College. Unit B is tenant-occupied through February 2027, while the front residence is available for occupancy.
Key Highlights
- 2,197‑square‑foot duplex with two units and five bedrooms total
- Front unit: 3 bedrooms, 1 bathroom; renovated with wood floors, granite counters and new vinyl flooring
- Unit B: 2 bedrooms, 1 bathroom, tenant in place through February 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,841
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,820
$336.8K
Cap Rate 7%
$240,586
$240.6K
Cap Rate 9%
$187,122
$187.1K
Market Conditions
NOI Build-Up for 2,197 SF
Gross rent
$27.2K $12.36/SF
− Vacancy
−$3.1K −$1.41/SF
EGI
$24.1K $10.95/SF
− OpEx
−$7.2K −$3.29/SF
NOI
$16.8K $7.67/SF
Area
Grayson County, TX
Vacancy
11.40%
Lease Rate
$12.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$336,820
Cap Rate 7%
$240,586
Cap Rate 9%
$187,122
Alternative Uses
Best Use
Multifamily LT 5
$240.6K
$210.5K – $280.7K
NOI $16,841 @ 7.0% cap · market cap 6.72%
Second Best
Apartment 5plus
$213.3K
$186.6K – $248.8K
NOI $14,929 @ 7.0% cap · market cap 5.96%
Theoretical Best
Office A
$772.8K
$676.2K – $901.7K
NOI $54,099 @ 7.0% cap · market cap 21.60%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
264
Businesses Nearby
Explore this area
Business Placement
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
$163,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Sherman, TX
Properties on Market for Duplexes in Sherman
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two separate residences pair updated interiors with an occupied second unit under lease through February 2027.
Where is this duplex located?
The property is located at A-b-419 N Grand Ave Sherman, TX.
What is the asking price?
The asking price for this property is $250,500.
What are key features of this property?
This property features: 2,197‑square‑foot duplex with two units and five bedrooms total; Front unit: 3 bedrooms, 1 bathroom; renovated with wood floors, granite counters and new vinyl flooring; Unit B: 2 bedrooms, 1 bathroom, tenant in place through February 2027
