$279,000

1503 E Wells Ave Unit 2 Sherman, TX 75090

Estimated payment $1,839/month

Total Views 357
5 Beds
2 Baths
1,469 Sq Ft
$190 Price per Sq Ft

Highlights

  • Popular Property
  • Walk-In Closet
  • Luxury Vinyl Plank Tile Flooring
  • Converted Garage
  • 1-Story Property
  • 4-minute walk to Cherry Street Park

About This Home

Great income producing duplex: 1501 and 1503 E Wells Ave, Sherman, TX 75090. Both units have been remodeled and are either rented or move in ready. 1503 rear unit has a garage conversion completed with washer and dryer hook ups. 1501 is driveway parking, and 1503 has driveway parking plus a detached garage.

An adjoining duplex that shares the driveway space is also for sale: 1505 and 1507 E Wells Ave, Sherman, TX 75090 under MLS number 21010174.

Listing Agent

Robert Genera

United Real Estate Brokerage Phone: 972-974-0956 License #0631641 Listed on: 07/23/2025

United Real Estate

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,578

Year Built

  • Built in 1956

Lot Details

  • 9,017 Sq Ft Lot
  • Wood Fence

Parking

  • 1 Car Garage
  • Converted Garage
  • Lighted Parking
  • Front Facing Garage
  • Shared Driveway
  • Additional Parking
  • Outside Parking
  • Off-Street Parking
  • Secure Parking

Home Design

  • Duplex
  • Brick Exterior Construction
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Ceiling Fan
  • Luxury Vinyl Plank Tile Flooring

Kitchen

  • Electric Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

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

Schools

  • Crutchfield Elementary School
  • Sherman High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 3
  • Assessor Parcel Number 164751

Community Details

Overview

  • 2 Units
  • 1,469 Sq Ft Building
  • Linnstead J C Add Subdivision

Building Details

  • Gross Income $29,940
  • Net Operating Income $25,940

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,578

Year Built

Built in 1956

Lot Details

0

Parking

1

Listing Details

  • OWNERNAME: Gary Feldman
  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Unit Levels: One
  • Year Built Details: Preowned
  • Attribution Contact: 972-974-0956
  • CapRate: 9.3
  • Co List Office Mls Id: UREN01
  • Special Features: VirtualTour
  • Year Built: 1956

Interior Features

  • Interior Amenities: High Speed Internet, Cable TV, Walk-In Closet(s)
  • Flooring: Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal

Beds/Baths

  • Full Bathrooms: 2
  • Total Bedrooms: 5

Exterior Features

  • Foundation: Slab
  • Fencing: Wood
  • Roof: Composition
  • Construction Materials: Brick
  • Pool Features: None
  • Waterfront: No

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Garage Spaces: 1.0
  • Total Covered Spaces: 1.0
  • Parking Features: Additional Parking, Converted Garage, Garage Faces Front, Garage, Lighted, Off Street, Outside, Shared Driveway, Secured
  • Attached Garage YN: No
  • GarageYN: Yes

Utilities

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

Schools

  • Elementary School: Crutchfield
  • High School: Sherman
  • Junior High Dist: Sherman ISD

Lot Info

  • Lot Size Units: Acres
  • Lot Size Area: 0.207
  • Parcel Number: 164751
  • Lot Size Acres: 0.207
  • Lot Size Sq Ft: 9016.92

Building Info

  • Year Built: 1956
  • Units Total: 2

Multi Family

  • Insurance Expense: 1200.0
  • Annual Gross Income: 29940.0
  • Property Net Operating Income: 25940.0

Tax Info

  • TaxBlock: 3
  • Tax Lot: 2
  • Tax Annual Amount: 3578.0

MLS Schools

  • MiddleOrJuniorSchool: Sherman

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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $3,578 $163,134 $53,100 $110,034
2023 $3,661 $166,736 $50,562 $116,174
2022 $2,780 $118,640 $0 $0
2021 $2,493 $108,536 $24,120 $84,416
2020 $1,999 $85,693 $15,120 $70,573
2019 $1,858 $78,168 $10,170 $67,998
2018 $1,566 $70,851 $7,470 $63,381
2017 $1,349 $58,968 $3,060 $55,908
2016 $1,169 $47,583 $3,060 $44,523
2015 $0 $43,889 $4,020 $39,869
2014 -- $43,889 $4,020 $39,869
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/23/2025 07/23/25 For Sale $279,000 -- $190 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Warranty Deed -- None Listed On Document
Interfamily Deed Transfer -- None Available
Vendors Lien -- None Available
Foreclosure Deed $35,000 None Available
Vendors Lien -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $43,500 Assumption
Closed $0 Seller Take Back
Source: Public Records

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Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21010131

North Texas Real Estate Information Systems (NTREIS)

APN: 164751

Texas Grayson County Sherman 75090

1503 E Wells Ave Unit 2, Sherman, TX

This home is located at 1503 E Wells Ave Unit 2, Sherman, TX 75090 and is currently priced at $279,000, approximately $189 per square foot. This property was built in 1956. 1503 E Wells Ave Unit 2 is a home located in Grayson County with nearby schools including Crutchfield Elementary School, Piner Middle School, and Dillingham Intermediate School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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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Listing Agent
Robert Genera
Section Image
United Real Estate
(430) 204-3501