
6-Unit Multifamily in Sherman, TX
TX · listed Oct 17, 2026 (11 days)
- $/unit
- $149,833
- ▲ 63% vs TX · 76th pct
- Cap rate
- —
- NOI
- $80K
- $13,267/unit/yr
- Units
- 6
- 3 bldg · 1968
Financials
- Asking price
- $899,000
- Price per unit
- $149,833
- Price per sq ft
- $122
- Gross rent / year
- $92,100
- Net operating income
- $79,600
- NOI per unit
- $13,267
- Cap rate
- Not stated
- Gross yield
- 10.2%gross rent ÷ price
- Occupancy
- 100%
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1968
- Building size
- 7,344 sq ft
- Avg unit size
- 1,224 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Oct 17, 2026
- Days on market
- 11 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1784
About this property
Investor special! A one of a kind opportunity to own three well maintained duplexes totaling six income producing units in growing Sherman, Texas. Currently 100% leased, this property offers an established rental portfolio with practical features tenants appreciate, including carports, in unit laundry and yards with select units. Low maintenance grounds and a longtime groundskeeper located just minutes away add convenience to ongoing upkeep. Sherman’s expanding employment base includes Texas Instruments’ new semiconductor manufacturing campus and the recently opened GlobalWafers America facility. Area attractions include historic downtown Sherman’s local dining, shopping and cultural events. Whether expanding an existing portfolio or entering the multifamily market, this distinctive six unit offering combines full occupancy, well maintained improvements and a location in a community experiencing significant investment.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
| Whitesboro, TX NewNew construction | $1.7M | $283K$283K | 7.8%gy |
| Whitesboro, TX New construction | $1.7M | $283K$283K | 7.8%gy |
| Whitesboro, TX NewNew construction | $1.7M | $283K$283K | 7.8%gy |
| $3.25M | $295K$295K | 7%gy | |
Princeton, TX▼ 1% cutHigh yield | $301K | $38K$38K | 16.5%gy |
Plano, TXStabilized | $975K | $195K$195K | 8.6%gy |

