320 N Cleveland Ave, Sherman, TX 75090

$379,900
: 5
BD
: 3
BA

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List Price: $379,900
Price Change: ▼ $15,099 1784247442
MLS#: 21227961
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1979
Bedrooms: 5
Bathrooms: 3
Acres: 0.39
County: Grayson
City: Sherman
Subdivision: College Park Add
Building Name: College Park Addition

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Property Description

*****Roof and siding replaced in July 2026.***** 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.

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