$3,100,000
$1M PRICE DROP

1304 County Road 115 Unit 12 Gainesville, TX 76240

Estimated payment $18,961/month

Total Views 8,106
2 Beds
2 Baths
16,242 Sq Ft
$191 Price per Sq Ft

Highlights

  • RV Hookup
  • Granite Countertops
  • Covered Patio or Porch
  • Open Floorplan
  • Lawn
  • Eat-In Kitchen

About This Home

Prime Investment Opportunity – Three Custom-Built Quadplexes on 5 Acres
Seize this rare investment opportunity featuring three custom-built quadplexes designed for quality and efficiency. Each unit boasts wide plank tile flooring, granite countertops, a full appliance package, and spray foam insulation for energy efficiency. Nestled in a tranquil, rolling landscape under a canopy of mature trees, this property offers both privacy and scenic beauty.
Beyond the quadplexes, 40 acres of prime land provide endless possibilities for future development, including residential lots, RV parking, or other ventures. Enjoy breathtaking hilltop views and the convenience of being less than a mile from Callisburg High School.
Whether you’re looking to expand a rental portfolio or develop a thriving community, this property is a versatile and lucrative opportunity in a rapidly growing area. Don’t miss out—schedule a viewing today!

Listing Agent

Misty Schmitz

TIERRA REAL ESTATE Brokerage Phone: 940-665-6730 License #0487385 Listed on: 03/30/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $30,301

Year Built

  • Built in 2021

Lot Details

  • 5 Acre Lot
  • Partial crossed fence
  • Native Plants
  • Interior Lot
  • Cleared Lot
  • Many Trees
  • Lawn
  • Back Yard

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof
  • Board and Batten Siding

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Woodwork
  • Ceiling Fan
  • Decorative Lighting
  • Window Treatments

Kitchen

  • Eat-In Kitchen
  • Electric Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Granite Countertops

Flooring

  • Ceramic Tile
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Security Lights
  • Fire and Smoke Detector

Parking

  • Common or Shared Parking
  • Additional Parking
  • On-Site Parking
  • Open Parking
  • Parking Lot
  • RV Hookup

Eco-Friendly Details

  • Energy-Efficient Insulation

Outdoor Features

  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Callisburg Elementary School
  • Callisburg High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Aerobic Septic System
  • High Speed Internet

Community Details

  • 3 Buildings
  • 12 Units
  • 16,242 Sq Ft Building
  • Fcsl Subdivision

Listing and Financial Details

  • Assessor Parcel Number 9536
  • Tax Block 27

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$30,301

Year Built

Built in 2021

Lot Details

0

Listing Details

  • OWNERNAME: Kilgore
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Security: Smoke Detector(s), Security Lights
  • Year Built Details: Preowned
  • Attribution Contact: 940-665-6730
  • Co List Office Mls Id: SCHZ00TO
  • Special Features: VirtualTour
  • Year Built: 2021

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Kitchen Island, Open Floorplan, Natural Woodwork, Walk-In Closet(s)
  • Flooring: Ceramic Tile, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Vented Exhaust Fan
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 2

Exterior Features

  • Foundation: Slab
  • Fencing: Partial Cross
  • Roof: Composition
  • Construction Materials: Board & Batten Siding
  • Exterior Features: Lighting, RV Hookup
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered
  • RoadSurfaceType: Gravel

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Additional Parking, Common, On Site, Open, Parking Lot
  • OpenParkingYN: Yes
  • Attached Garage YN: No
  • GarageYN: No

Utilities

  • Sewer: Aerobic Septic
  • Heating: Central, Electric
  • Utilities: Electricity Available, Electricity Connected, Septic Available, Separate Meters, Water Available
  • Heating Yn: Yes

Schools

  • Elementary School: Callisburg
  • High School: Callisburg
  • Junior High Dist: Callisburg ISD

Green Features

  • Efficiency: Insulation

Lot Info

  • Lot Features: Acreage, Back Yard, Cleared, Interior Lot, Lawn, Native Plants, Many Trees
  • Lot Size Units: Acres
  • Lot Size Area: 5.0
  • Parcel Number: 9536
  • Lot Size Acres: 5.0
  • Lot Size Sq Ft: 217800.0

Building Info

  • Year Built: 2021
  • Units Total: 12
  • SeniorCommunityYN: No

Tax Info

  • TaxBlock: 27
  • Tax Annual Amount: 30301.0

MLS Schools

  • MiddleOrJuniorSchool: Callisburg

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2025 09/10/25 Price Changed $3,100,000 -24.4% $191 / Sq Ft
03/31/2025 03/31/25 For Sale $4,100,000 -- $252 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20887763

North Texas Real Estate Information Systems (NTREIS)
Texas Cooke County Gainesville 76240

1304 County Road 115 Unit 12, Gainesville, TX

This home is located at 1304 County Road 115 Unit 12, Gainesville, TX 76240 and is currently priced at $3,100,000, approximately $190 per square foot. This property was built in 2021. 1304 County Road 115 Unit 12 is a home located in Cooke County with nearby schools including Callisburg Elementary School, Callisburg Middle School, and Callisburg High School.

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North Texas Real Estate Information Systems (NTREIS) Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved

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Misty Schmitz
Listing Agent
Misty Schmitz
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TIERRA REAL ESTATE
(940) 329-4728