Browse All Sherman TX Multi-Family Properties for Sale

Texas Ranchette! ASK ABOUT 100% FINANCING! 2 complete homes on a 1.77 acre corner creek lot. The main home is a new construction barndo 3 bedroom, 1214 sq ft. PLUS a guest cottage one-bedroom, full kitchen, bedroom and bath with dual vanities and a tub. 672 sq ft and a front porch nestled under a canopy of trees. Rental income or in-laws. Outside city limits! Horses allowed. This property offers a unique cash-flow opportunity that standard valuations overlook. Plus a front porch tucked beneath a mature tree canopy. This inviting property perfectly balances modern design with suburban charm. A rare, custom footprint property on one parcel. Two cottages located in the heart of the Sherman tech corridor. Equipped with three loafing stalls, a storage shed and fencing, the property offers a peaceful country atmosphere without sacrificing proximity to the city and the new Texas Instruments & GlobalWafers sites. Families will appreciate the rapidly modernizing Sherman ISD, featuring a recent high school, three new elementary schools, and a state-of-the-art athletic stadium. Enjoy easy access to Dallas, expanding retail, and top-tier industrial job opportunities. Comps do not reflect the sq ft or rental income generated by the second home. A savvy investment in the direct path of progress! Property is ALSO LISTED AS rESIDENTIAL INCOME MLS#21348400. THIS IS A DUPLICATE MARKETING ENTRY.THIS IS A DUPLICATE MARKETING ENTRY ALSO LISTED AS A RESIDENTIAL PROPERTY MLS 21268617.

111 Mitchell Rd, Sherman

$409,999

6 Beds ⋅ 6 Baths ⋅ 21333389 MLS

Excellent investment opportunity in the growing community of Sherman! This well-maintained duplex offers immediate income potential with one side currently leased to a long-term tenant, providing instant cash flow while the other unit is available for owner occupancy or additional rental income. The property is in like-new condition, making it a low-maintenance addition to any investment portfolio. Conveniently located near downtown Sherman, residents enjoy easy access to shopping, dining, parks, schools, and major employers, with quick connectivity to US-75. As Sherman continues to experience significant growth from major developments and new industry, this duplex presents an excellent opportunity to invest in one of North Texas' fastest-growing markets.

208-212 E Cherry St, Sherman

$250,000

3 Beds ⋅ 3 Baths ⋅ 21327409 MLS

Turnkey investment opportunity in the heart of Sherman! This fully renovated triplex offers three one-bedroom, one-bath units, making it an excellent addition to any investment portfolio. Renovated in 2021, each unit features an open-concept living, dining, and kitchen area with durable luxury vinyl plank flooring that continues into the bedroom, creating a modern, cohesive look. The kitchens offer updated cabinetry, solid surface countertops, stainless steel appliances, and contemporary finishes, while the bathrooms have been tastefully remodeled. The property has a strong rental history, with two units currently leased and one recently becoming vacant—providing immediate income with the opportunity to quickly lease the third unit. One-bedroom rentals priced under $1,000 per month are becoming increasingly rare in Sherman and remain in high demand, making this property well-positioned for continued occupancy. A shared laundry room located at the rear of the property includes a stacked washer and dryer for tenant convenience. Conveniently located just minutes from downtown Sherman, shopping, dining, and major employers, 410 S. Vaden St. offers investors the advantage of multiple income streams from a single property. Whether you're expanding your portfolio or purchasing your first income-producing property, this turnkey triplex delivers excellent cash flow potential in a growing market.

410 S Vaden St, Sherman

$400,000

4 Beds ⋅ 4 Baths ⋅ 21298275 MLS

Nice investment property in growing Sherman, TX. 1000 and 1002 W Washington duplex. Both sides currently occupied 2 bedroom 2 baths each side with updated flooring and paint throughout. Nice sized kitchen with appliances including refrigerator. Full Size utility room in each unit. 2 covered parking spots per unit. Privacy fenced side yard per unit plus outside storage closet per unit. Recent roof replacement. 1004 and 1006 W Washington duplex next door for sale also.

1002 W Washington St, Sherman

$400,000

4 Beds ⋅ 4 Baths ⋅ 21298319 MLS

1004 and 1006 W Washington Duplex for sale in highly desirable Sherman, TX. 2 bedroom 2 full bath per side. Nice sized kitchen with appliances including refrigerator. full size utility room in each side. Privacy fenced patio on each side with outdoor storage closet. roof recently replaced. covered parking in back. 1000 and 1002 w washington duplex next door also available for sale.

1006 W Washington St, Sherman

$310,000

4 Beds ⋅ 6 Baths ⋅ 21292786 MLS

Exceptional opportunity to own a full duplex offering strong income potential and modern, low-maintenance living. Whether you're looking to expand your investment portfolio, generate rental income, or live in one unit while leasing the other, this versatile property provides outstanding flexibility and long-term value. Each side features a thoughtfully designed 2-bedroom, 2.5-bath floor plan with a private 1-car garage and an inviting open-concept layout. The main level is designed for comfortable everyday living, with spacious living, dining, and kitchen areas that flow seamlessly together—perfect for entertaining or relaxing at home. Upstairs, both bedrooms are privately situated away from the main living spaces, creating a functional separation between living and sleeping areas. Each bedroom includes its own en-suite bathroom, offering comfort and privacy for occupants, while the additional half bath downstairs adds convenience for guests. With modern finishes, desirable layouts, and strong rental appeal, this duplex presents an excellent opportunity for investors seeking a turnkey asset or buyers interested in offsetting their mortgage with rental income. Whether you're a seasoned investor or a first-time buyer looking to build wealth through real estate, this full duplex offers flexibility, functionality, and exceptional income-producing potential. Schedule your private showing today and explore everything this unique opportunity has to offer!

408-410 Cleveland, Sherman

$399,999

6 Beds ⋅ 4 Baths ⋅ 21287441 MLS

Exceptional opportunity to own a full duplex offering flexibility, income potential, and modern comfort in the heart of Sherman. Whether you’re looking to expand your investment portfolio, generate rental income, or live in one side while leasing the other, this property offers endless possibilities. Each thoughtfully designed unit features an open-concept layout with stylish finishes and a comfortable flow ideal for everyday living. Inside, you’ll find wood-look luxury vinyl plank flooring, vaulted ceilings, and abundant natural light that create a bright and inviting atmosphere throughout. The kitchens are designed to impress with granite countertops, stainless steel appliances, and beautiful kitchen island, making them both functional and appealing to tenants or owner-occupants alike. Each unit includes spacious primary suites with private en-suite bathrooms, while the secondary bedrooms offer flexibility for guests, home offices, or additional living space. Granite finishes in the bathrooms add a polished touch throughout. Additional highlights include fully fenced backyards, perfect for outdoor enjoyment, pets, or entertaining, along with additional storage closets. With modern finishes, low-maintenance features, and strong rental appeal, this duplex presents an outstanding opportunity as a long-term rental, house-hack investment, or addition to an investor portfolio. Unit 802 is currently tenant occupied through 4-30-27 at $1425 per month. Schedule your private showing today and explore everything this versatile investment opportunity has to offer!

802-804 N Broughton St, Sherman

$229,900

5 Beds ⋅ 2 Baths ⋅ 21284490 MLS

Great income producing duplex: 1501 and 1503 E Wells Ave, Sherman, TX 75090. Both units have been remodeled and are rented with 1-year leases for $995 each. 1501 is driveway parking, and 1503 has driveway parking plus a detached garage. 1503 rear unit has a garage conversion completed with washer and dryer hook ups. This is a turnkey, ready to go investment property. All remodeled and leased, and no deferred maintenance.

1503 E Wells Ave, Sherman

$399,900

4 Beds ⋅ 4 Baths ⋅ 21260835 MLS

1802 side recent updates include: flooring, paint, appliances, HVAC and breaker box. 1802 side is larger and currently vacant while recent updates were completed. 1804 recent updates include: HVAC, breaker box and many other updates. Tenant in 1804 maintains lawn.

1802-1804 Archer Dr, Sherman

$285,500

4 Beds ⋅ 2 Baths ⋅ 21244815 MLS

SELLER IS OFFERING 10k IN INTEREST RATE BUYDOWN AND OR CLOSING COSTS! Nestled on a quiet street and surrounded by single family homes, it's hard to tell at first glance that this is a duplex! Property has been meticulously maintained for the last 37 years by the same owner. Full duplex each with two bedrooms one bath and one car garage. Perfect for multi-generational living or live in one side and rent the other. Fresh paint inside and out, electrical panels on both sides updated in 2020, counter tops, kitchen sinks, laminate floating floors, ceramic tile on walls and floors in kitchens and baths, ceiling fans, light fixtures in 2025. The laminate flooring has an underlay moisture barrier. Quality work! No carpet to maintain! Sewer lines on both sides have been replaced on both sides between street and under the home in 2025. New Carrier heat pumps with the latest Freon in both units and is still under warranty. Roof replaced in June 2023 with a Class IV hail resistant roof. Gutters also replaced at that time. There is a 10 by 16 storage building behind 2415 for that unit. Excellent location near Fairview Elementary School and Fairview Park with playgrounds, pool, tennis courts, soccer and baseball fields. This property allows your tenants to feel at home and offers you long-term steady rental income and property value appreciation. Matterport 3D walk thru attached to listing. Address is 2413 and 2415 N. Lockhart.

2413 N Lockhart St, Sherman

$379,900

5 Beds ⋅ 3 Baths ⋅ 21227961 MLS

*****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.

320 N Cleveland Ave, Sherman

$412,500

6 Beds ⋅ 4 Baths ⋅ 21227278 MLS

Located just minutes from the growing downtown Sherman area, 216 & 218 Cherry St offers a solid investment opportunity with strong rental potential. This full duplex features two spacious two-story units, each offering 1,644 square feet, 3 bedrooms, and 2 full bathrooms—an ideal layout for long-term tenants. Each side is designed with functionality in mind, featuring open living areas, well-equipped kitchens with stainless steel appliances, and comfortable bedroom arrangements. The two-story layout provides a separation of space that tenants appreciate, while still maintaining an efficient and livable floorplan. Outside, each unit includes its own fenced backyard, giving tenants a private outdoor space for pets, entertaining, or everyday use—an added feature that can help drive tenant retention and rental value. Whether you're looking to add a performing asset to your portfolio or live in one unit while leasing the other, this property offers flexibility and upside in a market that continues to see steady growth. With its proximity to downtown amenities, dining, and local development, 216 & 218 Cherry St is well-positioned for both immediate income and long-term appreciation.

216 & 218 E Cherry St, Sherman

$275,000

4 Beds ⋅ 4 Baths ⋅ 21211900 MLS

Updated Duplex, Turnkey income producer, or owner occupied investment. This duplex sits at the end of a quiet street and features two spacious, recently updated units—each with 2 bedrooms, 2 bathrooms, fireplace, kitchen, and an attached garage. Thoughtful updates throughout offer modern finishes and low maintenance living. Perfect for investors or owner occupiers who want to live in one unit and rent the other. Current owner has not rented the units, so no tenant history is available. Convenient location near medical services, shopping, and schools makes this property highly marketable. Strong long term potential. Schedule a showing today.

421 & 423 N Carl St, Sherman

$449,000

8 Beds ⋅ 8 Baths ⋅ 21083170 MLS

INVESTORS: 100% LEASED! TURN-KEY RENTAL! 4 BEDROOMS-4 ENSUITE BATHS ON EACH SIDE All kitchen appliances including refrigerator and washer & dryer. Each bedroom has a single bed, desk & closet. Includes kitchen table with 4 chairs, living room furniture, large screen tv. 3 Bedrooms and 3 baths upstairs, 1 bedroom and 1 bath downstairs, all with ensuite full bathrooms. Each bedroom is approximately 115-120 square feet on the second floor. 150-175 square feet on the first floor. Ceiling fan in living room and each bedroom. 5 minutes to Austin College, approx. 1 mile. Close to Hwy 75! Property can be used for student housing, Airbnb, corporate, or a personal family. GREAT INVESTMENT! GREAT RENTAL!

514 E Brockett St Unit 516, Sherman

$265,000

7 Beds ⋅ 4 Baths ⋅ 21071291 MLS

Fantastic investment opportunity BELOW MARKET VALUE—perfect for investors seeking immediate cash flow! This 100% Tenant Occupied Duplex in booming Sherman is tenant-occupied at $2500 per month through January 2027, with availability for increase, making it a turnkey addition to your rental portfolio. Unit 620 is a 3 bed 2 bath leased through 7-5-27 at $1,350 a month. Unit 622 is a 4 bed 2 bath currently leased at $1275 through 1-31-27. Both units updated! Open-concept living area with plenty of natural light and space! UPDATED Kitchen with white cabinets, granite countertops, and tile backsplash! Large Primary Bedroom with adjoining en-suite bath featuring tile shower! All bedrooms are a good size. Shared yard and plenty of parking! This property is available for individual sale as well as offered as part of an Investor Package Deal.

620 S Charles St, Sherman

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