Sherman, TX Multifamily Properties for Sale

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Updated: Jul 18

Duplex with One Leased Unit

208-212 E Cherry Street, Sherman, TX 75090

$419,999

3,224 sqft 0.15 AC lot

Duplex built in 2022 with like‑new, low‑maintenance condition
One unit is currently leased to a long‑term tenant for immediate income potential
Interior features include granite counters, pantry, walk‑in closets, and wired for data and sound
Kitchen appliances include dishwasher, electric range, microwave, and disposal
Heating and cooling include electric and heat pump systems

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208-212 E Cherry Street, Sherman, TX 75090

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Est. Cap Rate

5.9%
NOI ÷ price
Est. NOI

$25K
Annual
Price @ 7% Cap

$353K
Suggested

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Updated: Jul 10

Renovated Triplex Income Property

410 S Vaden Street, Sherman, TX 75090

$250,000

0.23 AC lot

Fully renovated triplex at 410 S. Vaden St. with three 1‑bedroom, 1‑bath units built in 1930
Renovated in 2021; each unit has an open living, dining, and kitchen layout with durable vinyl flooring
Updated kitchens with updated cabinetry, solid surface countertops, and stainless steel appliances (built‑in gas range, dishwasher, electric range, microwave)
Central heating and central air plus ceiling fans; public water and public sewer
Shared rear laundry room with stacked washer and dryer included

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Full Duplex Investment Property

216 & 218 E Cherry Street, Sherman, TX 75090

$412,500

0.16 AC lot

Two two-story units with fenced yards provide income flexibility and tenant-friendly privacy.

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New Quadplex Homes

1004 South 1st Street, Sherman, TX 75090

$799,000

946 sqft

Four newly constructed two-bedroom, two-bath homes each include a one-car garage and fenced yard.

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Updated Tenant-Occupied Duplex

620 S Charles Street, Sherman, TX 75090

$275,000

0.24 AC lot

A duplex with updated interiors, shared yard, and ongoing leases through early 2027.

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Income-Generating Triplex Near Campus

320 N Cleveland Avenue, Sherman, TX 75090

$379,900

0.39 AC lot

Triplex with separate entrances, including a loft-style unit with a lower level ready for completion.

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Remodeled Income Duplex Investment

1503 E Wells Avenue, Sherman, TX 75090

$229,900

0.21 AC lot

Turnkey duplex with remodeled, leased units and driveway parking plus a detached garage.

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Two-Unit Duplex with Covered Parking

1006 West Washington Street, Sherman, TX 75092

$425,000

2,735 sqft

Each side offers 2 bedrooms and 2 full baths, with a recently replaced roof and covered parking.

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Updated Duplex with Vacant Unit

1802-1804 Archer Drive, Sherman, TX 75092

$399,900

0.24 AC lot

Two updated units with recent flooring, paint, appliances, HVAC, and breaker boxes—plus one unit currently vacant for flexibility.

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Full Duplex with Two Garages

408-410 Cleveland, Sherman, TX 75090

$320,000

0.20 AC lot

Full duplex features two 2-bedroom, 2.5-bath units with private 1-car garages and open-concept main living areas.

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Two-Unit Duplex Investment

1002 West Washington Street, Sherman, TX 75092

$425,000

2,678 sqft

Occupied duplex with two 2-bedroom, 2-bath units featuring updated flooring and paint, covered parking, and in-unit utility rooms.

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Full Duplex with Income Potential

802-804 N Broughton Street, Sherman, TX 75090

$409,000

0.12 AC lot

Well-finished two-unit property with fenced backyards and one unit tenant-occupied for steady cash flow.

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Well-Maintained Duplex with Two Garages

2413 N Lockhart Street, Sherman, TX 75092

$299,900

0.15 AC lot

Meticulously maintained duplex offers flexible owner-occupant options with two-bedroom, one-bath layouts and updated systems.

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Income Duplex with Separate Meters

724 South Elm Street, Sherman, TX 75090

$269,900

1,487 sqft

Two one-bedroom units include updated bathrooms, modernized interiors, and washer/dryer hookups with split electric meters.

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Duplex with Covered Parking

1006 W Washington Street, Sherman, TX 75092

$425,000

0.17 AC lot

Two 2-bedroom, 2-bath units with covered parking and privacy-fenced patios, plus a recently replaced roof.

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Occupied Two-Unit Duplex

1002 W Washington Street, Sherman, TX 75092

$425,000

0.17 AC lot

Two occupied duplex units with updated interiors, in-unit utility rooms, and covered parking.

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Triplex-Style Income Property

320 North Cleveland Avenue, Sherman, TX 75090

$399,000

3,847 sqft

Well-maintained brick multi-unit with separate entrances and a two-story loft-style unit on Mulberry in Sherman.

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Updated Duplex Income Property

115 N Mckown Avenue, Sherman, TX 75092

$309,000

0.17 AC lot

Full duplex with 2 bed, 1 bath layouts on each side and recent interior updates including vinyl flooring and new cabinets.

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Full Duplex Residential Income Property

802-804 North Broughton Street, Sherman, TX 75090

$409,000

2,594 sqft

Two updated units with open-concept interiors, vaulted ceilings, and fully fenced backyards, including one tenant-occupied unit.

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Updated Duplex Income Property

1802-1804 Archer Circle, Sherman, TX 75092

$399,900

3,264 sqft

Each duplex unit has recent updates, including flooring, paint, appliances, HVAC, and electrical improvements.

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Remodeled Duplex Income Property

1503 East Wells Avenue, Sherman, TX 75090

$229,900

1,469 sqft

Turnkey remodeled duplex with two rented units, each with driveway parking options.

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Turn-Key Duplex Near Austin College

514 East Brockett Street, Unit 516, Sherman, TX 75090

$449,000

3,442 sqft

Fully equipped duplex, ideal for student housing or short-term rentals.

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Updated Duplex Income Property

620 South Charles Street, Sherman, TX 75090

$300,000

2,830 sqft

Both duplex units are leased and updated, with open-concept interiors, updated kitchens, and shared yard and parking.

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Apartment Community with In-Unit Laundry

1600 LA SALLE DR, Sherman, TX 75090

Contact for pricing

168,200 sqft

Easton Parc Apartments offers 232 units with washer and dryer connections in every home, plus included storage.

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Sherman, TX Multifamily Properties Market Trends and Statistics

Explore 31 multifamily properties for sale in Sherman, TX, showcased through 27 active listings on our real estate platform. These investment opportunities span a total of 301,496 square feet of properties for sale, with an estimated market value of $8,910,799.

Sale prices for multifamily properties in Sherman, TX start at $229,900, averaging $371,283, and reaching up to $799,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Top Commercial Asset Segments

Commercial property segments ranked by active listings on the market

Demographics Overview

Population 54K

Population Growth (5Y) +9.1%

Median Household Income $62,961

College Educated 20.2%

High-Yield Neighborhoods for Investment

Identify Sherman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood	Average Price
75090	$359.7K
75092	$371.8K

Taxes & Financing

Tax Rate (average for all types) 2.10%

Property Tax per SF $49.33 per SF

Tax Rate vs County Average 0.11 pp above county avg

Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Grayson County

New Delisted

Total CRE Inventory on Market (SF)

Property Size Breakdown

The majority of commercial real estate listings in Sherman fall within the 50,000 to 100,000 square foot range.

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