$999,995
SOLD JUL 14, 2025
Last list price

703 Maple St Commerce, TX 75428

16 Beds
16 Baths
5,624 Sq Ft
0.75 Acres

Recently Sold

$178 Per Sq Ft

76 Days on Market

Highlights

  • 0.75 Acre Lot
  • Cathedral Ceiling
  • Covered patio or porch
  • Open Floorplan
  • Granite Countertops
  • 4-minute walk to City Park

About This Home

As of July 2025

Looking for an investment in a growing college town that doesn't have enough housing for all the students? Here is your opportunity for a set of 4 mini dorms on one parcel that is easy to manage and market in Commerce just 1.5 miles from East Texas A&M. Each building has approximately 1400 square foot with a common living and kitchen space and 4 seperate ensuites with nice roomy bedrooms and bathrooms with walk in showers and walk in closets. The buildings were arranged on a large lot so there is ample parking space in front of each unit for tenants on a large concrete entrance and parking pad. Each unit has electric range, microhood, dishwasher, refridgerator, stackable washer and dryer and gas tankless water heaters. 2 of the buildings were built in 2019 and the other 2 were completed in 2020. They feature polished concrete floors, granite countertops in kitchen and bathrooms. Each ensuite has a locking knob for tenant privacy. Tenants pay for high speed internet and there are options available for each unit.

Last Agent to Sell the Property

Debbie Wold

Exit Realty Pro Brokerage Phone: 903-567-7777 License #0607498 Listed on: 03/11/2025

Exit Realty Pro

Last Buyer's Agent

Emily Tucker

Cross Power Real Estate, LLC License #0821828

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $21,468

Year Built

  • Built in 2019

Lot Details

  • 0.75 Acre Lot
  • Level Lot

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Roof

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Window Treatments
  • Concrete Flooring

Kitchen

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

Bedrooms and Bathrooms

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

Parking

  • Parking Pad
  • Private Parking
  • Parking Accessed On Kitchen Level
  • Driveway
  • On-Site Parking
  • Open Parking
  • Outside Parking

Accessible Home Design

  • Accessible Bedroom
  • Accessible Doors

Eco-Friendly Details

  • Energy-Efficient Construction
  • Energy-Efficient HVAC
  • Energy-Efficient Insulation

Outdoor Features

  • Covered patio or porch

Schools

  • Commerce Elementary School
  • Commerce High School

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Underground Utilities
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 72
  • Assessor Parcel Number 70219

Community Details

Overview

  • 4 Buildings
  • 4 Units
  • 5,624 Sq Ft Building
  • Orig Town Of Commerce Subdivision

Building Details

  • Gross Income $134,400
  • Net Operating Income $76,560

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$21,468

Year Built

Built in 2019

Lot Details

0

Listing Details

  • OWNERNAME: 2 Griffins Investment LLC
  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Unit Levels: One
  • Accessibility Features: Accessible Bedroom, Accessible Doors
  • Security: Other
  • Year Built Details: Preowned
  • Attribution Contact: 903-567-7777
  • CapRate: 7.66
  • Co List Office Mls Id: EXRE01
  • Special Features: VirtualTour
  • Year Built: 2019

Interior Features

  • Windows: Window Coverings
  • Interior Amenities: Cathedral Ceiling(s), Eat-in Kitchen, Granite Counters, High Speed Internet, Open Floorplan, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s)
  • Flooring: Concrete
  • Appliances: Dishwasher, Electric Range, Disposal, Gas Water Heater, Refrigerator, Vented Exhaust Fan
  • Basement YN: No

Beds/Baths

  • Full Bathrooms: 16
  • Total Bedrooms: 16

Exterior Features

  • Foundation: Slab
  • Fencing: None
  • Roof: Composition
  • Construction Materials: Fiber Cement
  • Pool Features: None
  • Waterfront: No
  • Patio And Porch Features: Covered
  • RoadSurfaceType: Asphalt

Garage/Parking

  • Cooling System: Central Air, Ceiling Fan(s), Electric
  • Parking Features: Concrete, Driveway, Kitchen Level, On Site, Open, Outside, Parking Pad, Private
  • OpenParkingYN: Yes
  • Attached Garage YN: No
  • GarageYN: No

Utilities

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

Schools

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

Green Features

  • Efficiency: Construction, HVAC, Insulation

Lot Info

  • Lot Features: Level
  • Lot Size Units: Acres
  • Lot Size Area: 0.752
  • Parcel Number: 70219
  • Lot Size Acres: 0.752
  • Lot Size Sq Ft: 32757.12

Building Info

  • Year Built: 2019
  • Units Total: 4
  • SeniorCommunityYN: No

Multi Family

  • Insurance Expense: 11040.0
  • Annual Gross Income: 134400.0
  • Property Net Operating Income: 76560.0

Tax Info

  • TaxBlock: 72
  • Tax Lot: 3
  • Tax Annual Amount: 21468.0

MLS Schools

  • MiddleOrJuniorSchool: Commerce

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Closed $310,800 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/21/2025 07/21/25 For Rent $875 0.0% --
07/14/2025 07/14/25 Sold -- -- --
05/26/2025 05/26/25 Pending -- -- --
03/11/2025 03/11/25 For Sale $999,995 -- $178 / Sq Ft
Source: North Texas Real Estate Information Systems (NTREIS)

Tax History Compared to Growth

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
2023 $21,468 $824,800 $54,050 $770,750
2022 $17,051 $612,830 $37,670 $575,160
2021 $15,886 $549,580 $20,640 $528,940
2020 $8,200 $273,180 $20,640 $252,540
2019 $610 $19,650 $19,650 $0
2018 $308 $9,830 $9,830 $0
2017 $307 $9,830 $9,830 $0
2016 $428 $13,720 $13,720 $0
2015 $43 $1,320 $1,320 $0
2014 $43 $1,320 $1,320 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: North Texas Real Estate Information Systems (NTREIS)

MLS Number: 20867496

North Texas Real Estate Information Systems (NTREIS)

APN: 70219