Ad #7840976
MLS #21227961
*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.*****
320 N Cleveland Ave, Sherman, Texas, 75090
$394,999
5Beds
3Baths
0Sqft
0.390Acres
About this property
*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.***** Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman's most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. 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-creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry - $1,100 a month, lease through November 30, 2026 320 N. Cleveland - $1,080 a month, lease through August 31, 2026 1520 Mulberry - $1,100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
Property Features
5 Beds
3 Baths
0 Sqft
Built in 1979
0.390 Acres
2 Stories
Driveway
Siding: Brick, Frame
Composition Roof
Natural Gas, Central
$8,366 / yr property tax
Grayson County
College Park Add Community
Additional Photos
Contact Information
Theresa Brendemihl
Easy Life Realty
903-224-5171
Location
Listing Agent: Theresa Brendemihl 903-224-5171
Broker: Easy Life Realty 903-224-5171 Listing Site
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.
Broker: Easy Life Realty 903-224-5171 Listing Site
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.
BarrierFreeHome.com
Printed Jun 16, 2026
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$394,999
5
Beds
3
Baths
0
Sqft
320 N Cleveland Ave, Sherman, Texas, 75090
By contacting this agent you agree to these Terms and Conditions.
MLS# 21227961
*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.*****
$394,999
320 N Cleveland Ave, Sherman, Texas, 75090
5
Beds
3
Baths
0
Sqft
0.390
Acres
$394,999
320 N Cleveland Ave, Sherman, Texas, 75090
5 Beds
3 Baths
0 Sqft
0.390 Acres
Accessibility Features
Accessible Approach with Ramp
*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.***** Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman's most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. 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-creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry - $1,100 a month, lease through November 30, 2026 320 N. Cleveland - $1,080 a month, lease through August 31, 2026 1520 Mulberry - $1,100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
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Property Details
HOME DETAILS
5 Beds
3 Baths
0 Sqft
Built in 1979
0.390 Acres
2 Stories
EXTERIOR
Driveway
Siding: Brick, Frame
Composition Roof
INTERIOR
Natural Gas, Central
FINANCIAL & COMMUNITY
$8,366 / yr property tax
Grayson County
College Park Add Community
See More Details
Location
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Ad Statistics
Ad Number
7840976
Viewed
3 times
Listing Status
Active
Added
Jun 02, 2026
Last Refresh
Jun 16, 2026 06:04:56 AM
Listing Information
Data Source
North Texas Real Estate Information Systems, Inc
Source Property ID
21227961
Listing Agent: Theresa Brendemihl 903-224-5171
Broker: Easy Life Realty 903-224-5171 Listing Site
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.
Broker: Easy Life Realty 903-224-5171 Listing Site
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.
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