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2006 Monroe

Commerce, TX 75428

$549,500

3 units · 1960

Units3
Building area5,440 sq ft
Year built1960
Gross income$33,600/yr
Cap rate4.29% as listed
Parking8 spaces
Lot size0.225 acres
TypeResidential Income

What it costs to own

Taxes$6,495 per year
HOANone listed
Operating expenses$10,000 per year — as listed
Net operating income$23,600 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

LOCATION, LOCATION, LOCATION!! Mixed use, income producing property directly across the street from East Texas A & M University! Currently 100% Occupied with Long Term Business Owner Tenant on the main floor and 2 occupied residential units. The Studio or Efficiency apartment, located on the first floor includes living, kitchen, bedroom area and full bath. Upstairs you will find the 2 bedroom, 2 full bath, kitchen, living room and dining room apartment with over 1200 sq ft of living area. Outside is a common terrace patio for use of all occupants. Parking lot to accommodate up to 8 vehicles with rear entrance from the street. Don't miss this opportunity to own an affordable, income producing property convenient to the University. Call today for an appointment. Proof of Funds or financing required for showing.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric, Window Unit(s)
FlooringCombination
AppliancesElectric Range
Interior featuresBuilt-in Features, High Speed Internet Available, Multiple Staircases, Open Floorplan, Walk-In Closet(s)

Construction materialsBrick, Frame, Wood
RoofOther
FoundationSlab

Lot featuresCorner Lot
FencingNone
Water sourceCity Water, Water Tap Fee Paid
SewerCity Sewer, Sewer Tap Fee Paid
ElectricElectricity Connected
UtilitiesCable Available, Master Gas Meter, Natural Gas Available

SubdivisionW J TAYLOR

ElementaryCommerce
Middle schoolCommerce
High schoolCommerce
DistrictCommerce ISD

Gross income$33,600 per year
Operating expenses$10,000 per year
Cap rate4.29% — as listed
Net operating income$23,600 per year

MLS #21373472
Source
On the market4 days
CountyHunt

Around this home

One moment…

Everyday life

Nearest groceryBrookshire's · 0.5 mi
Nearest parkCity Park · 0.3 mi

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Listing courtesy of Century 21 First Group — LQ Marshall.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Nearby in COMMERCE

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Listing courtesy of AT Home Texas Real Estate

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21373472. Information last updated August 31, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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