320 N Cleveland Avenue, Sherman, TX 75090
College Park Add · Grayson County
Key Facts
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.
Property Information
Property Type
Residential Income
Sub-Type
Triplex
Year Built
1979
Living Area
3,847 sq ft
Lot Size
0.39 acres
Garage Spaces
1
Parking Spaces
8
Days on Market
91
MLS® Listing#
21227961
Property Features
Interior
Appliances
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Utilities
Sewer
Water Source
Schools
- Elementary:
- Crutchfield
- Middle:
- Piner
- High:
- Sherman
- District:
- Sherman ISD
Financial Details
Annual Taxes
$8,366
Parcel Number
161149
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
Affordability Calculator
$75,980
Estimated monthly payment
$2,022/mo
Principal $303,920 · Est. interest $423,995 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Sherman, TX
- $319,128
- Median Listing Price
- 71
- Median Days on Market
- 1,857
- Median Sq Ft
- $161
- Median Price / Sq Ft
- 449
- Active Listings
- This home’s price is 19% above the area median.
- Its price per sq ft is 39% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Sherman, TX.
Location
- 320 N Cleveland Avenue, Sherman, TX 75090
Points of Interest in Sherman, TX
Showing the Sherman area map.
Nearby Schools
Jefferson Elementary School
Elementary · 0.3 mi away
Thomas Edison School
School · 0.4 mi away
Sherman High School
Secondary · 0.5 mi away
Crutchfield Elementary School
Elementary · 0.6 mi away
Sherman Middle School
Secondary · 0.6 mi away
Grayson Christian School
School · 0.8 mi away
Fred Douglass Early Childhood Center
School · 0.8 mi away
Tuck Street Early Education Center
School · 0.9 mi away
St Mary's School
School · 1.2 mi away
Covenant Presbyterian Pre School
School · 1.3 mi away
Washington Elementary School
Elementary · 1.3 mi away
Montessori Academy of North Texas
Elementary · 1.3 mi away
Piner Middle School
Secondary · 1.3 mi away
Belden Street Montessori
Elementary · 1.7 mi away
Fairview Elementary School
Elementary · 1.8 mi away
Sherman Independent School District
School · 1.8 mi away
Grayson Christian School
Secondary · 1.9 mi away
Dillingham Intermediate School
Secondary · 2.2 mi away
Dillingham Elementary
Elementary · 2.2 mi away
Wakefield Elementary School
Elementary · 2.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 2701 Johnson Drive, Sherman, TX | $265,999 | 4 | 2 | 1,720 |
| 1202 Southridge Lane, Sherman, TX | $267,000 | 4 | 2 | 1,768 |
| 1515 E Nall Street, Sherman, TX | $267,999 | 4 | 2 | 1,941 |
| 1001 S Travis Street, Sherman, TX | $269,000 | 4 | 3 | 2,677 |
| 908 E Houston Street, Sherman, TX | $269,900 | 4 | 2 | 1,978 |
| 2734 Johnson Drive, Sherman, TX | $273,999 | 4 | 2 | 1,760 |
Moving Cost Estimate
EXIT Agents in Sherman
Listing Courtesy: Easy Life Realty - 903-224-5171
Presented by: Theresa Brendemihl
Last Updated: 2026-04-16