MULTIFAMILYRADAR
6-Unit Multifamily in Sherman, TX, photo 1
NewStabilized
$899,000

6-Unit Multifamily in Sherman, TX

TX · listed Oct 17, 2026 (11 days)

Price per unit compared
This property$150K
Within ~40 mi (26)$169K
Texas median (1,196)$92K
$/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.

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