320 N Cleveland Avenue
Sherman, Texas 75090
5
Bed
3
Bath
0.39Acre(Lot)
*****THE ROOF AND SIDING ARE SCHEDULED TO BE REPLACED.***** 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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total Bedrooms: 5Bathroom Information
Total Baths: 3 Full Baths: 3 Half Baths: 0 -
Interior Features
Cable TV Available,Decorative Lighting,Flat Screen Wiring,High Speed Internet Available,OtherAppliances
Electric RangeUtilities
City Sewer,City Water,Individual Gas Meter,Other -
Cooling Features
Central Air,ElectricHeating Source
Central,Natural Gas
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Building Information
Built Year: 1979 Building Area Total: 3,847 Construction: Brick,Frame,Siding,Other Roof Type: Composition -
Foundation
Slab -
Accessibility Features
Accessible Approach with RampConstruction Materials
Brick,Frame,Siding,Other
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Lot Information
Lot Size (Acr): 0.3900 Lot Size Units: Acres Lot Size Square Feet: 16,988 -
Property Information
Property Type: Residential Income Property Sub Type: Triplex Subdivision: College Park Add City: Sherman State: Texas Directions: From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry Property Status: Active Levels: Multi/Split Property Age: 47 Year Built Details: Preowned
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Listing Price Information
Original List Price: $394,999 -
Listing Information
Possession: Subject to Lease
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Tax Information
Parcel Number: 161149 Tax Block: 28 Tax Legal Description: COLLEGE PARK ADDN, BLOCK 28, LOT 5 & 6, ACRES Tax Lot: 5 Unexempt Taxes: $8,366
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Parking Information
Has Garage Garage Space: 1 Carport Spaces: 0 Parking: 8 Parking Features: Common,Driveway -
Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Crutchfield Middle School: Piner High School: Sherman School District: Sherman ISD -
Utility Information
Utilities: City Sewer,City Water,Individual Gas Meter,Other
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1503 E Wells Avenue, Sherman, TX, 75090 | $229,900 | 5 | 2 | -- | |
| 620 S Charles Street, Sherman, TX, 75090 | $280,000 | 7 | 4 | -- | |
| 1705 La Salle Drive, Sherman, TX, 75090 | $289,000 | 4 | 4 | -- | |
| 802-804 N Broughton Str.., Sherman, TX, 75090 | $409,000 | 6 | 4 | -- | |
| 514 E Brockett Street #.., Sherman, TX, 75090 | $449,000 | 8 | 8 | -- | |
| 216 & 218 E Cherry Street, Sherman, TX, 75090 | $412,500 | 6 | 4 | -- | |
| 408-410 Cleveland, Sherman, TX, 75090 | $325,000 | 4 | 6 | -- | |
| 411/ 413 W Dulin Street, Sherman, TX, 75090 | $425,000 | 6 | 4 | -- |
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ByOwner last updated this listing 06/20/2026 @ 17:36
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