$670,000

506 E 15th St Bonham, TX 75418

Estimated payment $3,784/month

Total Views 61
11 Beds
4 Baths
4,188 Sq Ft
$160 Price per Sq Ft

Highlights

  • Granite Countertops
  • Covered Patio or Porch
  • Built-In Features
  • Private Yard
  • Eat-In Kitchen
  • Walk-In Closet

About This Home

Fantastic investment package opportunity—perfect for investors seeking immediate cash flow! This package includes 4 single family properties all tenant-occupied. Recently renovated, these properties feature modern updates throughout, including granite countertops, durable luxury vinyl plank wood flooring, and updated kitchen and bathroom finishes. This package is ideal for investors looking for a cash-flowing rental property making it a turnkey addition to your rental portfolio. (Unit 1) 204 Graham Ave, Bonham - Lease Term: 10-29-26 at $1250 per month
(Unit 2) 506 East 15th St, Bonham - Lease Term: 3-31-27 at $1150 per month
(Unit 3) 1310 South 5th Street, Bonham - Lease Term: 4-30-27 at $1275 per month
(Unit 4) 1916 Liberty St, Bonham - Lease Term: 5-31-26 at $1350 per month These properties are also available for individual sale.

Listing Agent

Mallory Adams

OmniKey Realty, LLC. Brokerage Phone: 972-480-8280 License #0746744 Listed on: 05/04/2026

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1943

Lot Details

  • 7,492 Sq Ft Lot
  • Fenced
  • Landscaped
  • Private Yard
  • Back Yard

Parking

  • Driveway

Home Design

  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Built-In Features
  • Ceiling Fan
  • Decorative Lighting
  • Window Treatments
  • Fire and Smoke Detector

Kitchen

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

Flooring

  • Carpet
  • Luxury Vinyl Plank Tile

Bedrooms and Bathrooms

  • 11 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Outdoor Features

  • Covered Patio or Porch

Schools

  • Evans Elementary School
  • Bonham High School

Utilities

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

Community Details

  • 4 Buildings
  • 4 Units
  • 4,188 Sq Ft Building
  • Hunter Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 4 / 1
  • Assessor Parcel Number 000000093883

Property Details

Home Type

Multi-Family

Year Built

Built in 1943

Lot Details

7,492 Sq Ft Lot

Listing Details

  • OWNERNAME: See Tax
  • Property Type: Residential Income
  • Unit Levels: One
  • Security: Smoke Detector(s)
  • Year Built Details: Preowned
  • Attribution Contact: 972-480-8280
  • Co List Office Mls Id: OKRE01
  • HumanModifiedYN: Yes
  • UniversalParcelId: urn:reso:upi:2.0:US:48147:000000093883
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily
  • Year Built: 1943

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, Granite Counters, High Speed Internet, Cable TV, Walk-In Closet(s)
  • Flooring: Carpet, Luxury Vinyl Plank
  • Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 4
  • Total Bedrooms: 11

Exterior Features

  • Foundation: Other
  • Fencing: Back Yard, Fenced
  • Roof: Composition
  • Construction Materials: Other
  • Exterior Features: Private Yard
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Driveway
  • GarageYN: No

Utilities

  • Sewer: Public Sewer
  • Heating: Central, Electric
  • Utilities: Sewer Available, Water Available, Cable Available
  • Heating Yn: Yes

Schools

  • Elementary School: Evans
  • High School: Bonham
  • Junior High Dist: Bonham ISD

Lot Info

  • Lot Features: Landscaped
  • Lot Size Units: Acres
  • Lot Size Area: 0.172
  • Parcel Number: 000000093883
  • Lot Size Acres: 0.172
  • Lot Size Sq Ft: 7492.32

Building Info

  • Year Built: 1943
  • Units Total: 4
  • SeniorCommunityYN: No

Tax Info

  • TaxBlock: 1
  • Tax Lot: 4

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
2025 $2,482 $127,940 $41,810 $86,130
2024 $2,379 $122,660 $40,490 $82,170
2023 $2,268 $115,000 $33,910 $81,090
2022 $2,346 $106,650 $24,160 $82,490
2021 $1,970 $77,960 $11,860 $66,100
2020 $1,817 $71,070 $8,960 $62,110
2019 $1,831 $68,900 $6,590 $62,310
2018 $1,555 $58,610 $6,500 $52,110
2017 $1,425 $55,740 $6,500 $49,240
2016 $1,377 $53,890 $6,500 $47,390
2015 -- $47,680 $6,320 $41,360
2014 -- $49,000 $6,240 $42,760
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/04/2026 05/04/26 For Sale $670,000 0.0% $160 / Sq Ft
10/03/2025 10/03/25 Rented $1,150 0.0% --
09/26/2025 09/26/25 Price Changed $1,150 -2.1% $1 / Sq Ft
09/18/2025 09/18/25 Price Changed $1,175 -2.0% $1 / Sq Ft
09/08/2025 09/08/25 Price Changed $1,199 -2.1% $1 / Sq Ft
08/20/2025 08/20/25 For Rent $1,225 +2.2% --
11/01/2023 11/01/23 Rented $1,199 0.0% --
10/24/2023 10/24/23 Price Changed $1,199 -7.4% $1 / Sq Ft
10/18/2023 10/18/23 Price Changed $1,295 -0.3% $1 / Sq Ft
10/10/2023 10/10/23 Price Changed $1,299 -2.0% $1 / Sq Ft
09/28/2023 09/28/23 For Rent $1,325 -5.4% --
02/02/2023 02/02/23 Rented $1,400 +5.7% --
01/30/2023 01/30/23 Price Changed $1,325 -5.4% $1 / Sq Ft
12/19/2022 12/19/22 For Rent $1,400 -- --
Source: North Texas Real Estate Information Systems (NTREIS)

Purchase History

Date Type Sale Price Title Company
Deed -- Gerdes Stephen M
Vendors Lien -- Cole Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $145,620 Construction
Previous Owner $29,000 Purchase Money Mortgage
Source: Public Records

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 21259360

North Texas Real Estate Information Systems (NTREIS)

APN: 93883

Texas Fannin County Bonham 75418

506 E 15th St, Bonham, TX

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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 2026. All rights reserved

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Mallory Adams
Listing Agent
Mallory Adams
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OmniKey Realty, LLC.
(903) 515-5725
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