USATXShermanCollege Park Add320 N Cleveland Ave
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$399,000

For Sale

11 days ago

320 N Cleveland Ave, Sherman, TX

House

MLS® 21227961

5 Bed

3 Bath

--

8 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes $8,366
Days Active 11
Lot Size 
Approx. Age 1979
MLS® Number 21227961

Property Address: 320 N Cleveland Ave, Sherman, TX, 75090-6312

Average square foot calculated using Size range provided by listing agent.

Description

Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman’s most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. An added value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment—creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry – $1, 100 a month, lease through November 30, 2026 320 N. Cleveland – $1, 080 a month, lease through August 31, 2026 1520 Mulberry – $1, 100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
MLS® Number21227961
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age1979
Basement
DrivewayCommon, Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 17, 2026List Date
$399,000List Price
  • Commute

Commute

Starting Address
Destination Address
320 N Cleveland Ave, Sherman, TX

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