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1185 Greywood Drive

Van Alstyne, TX 75495

$480,000

2 units · 2004

Units2
Building area2,200 sq ft
Year built2004
Gross income$37,500/yr
Cap rate7.81% as listed
Parking6 spaces
Lot size0.22 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOANone listed
Net operating income$37,500 per year — as listed

About this home

Fantastic opportunity to own a well-maintained duplex in the heart of rapidly growing Van Alstyne. This versatile property features two units — one offering 3 bedrooms and 2 full bathrooms, and the other offering 2 bedrooms and 2 full bathrooms — making it ideal for investors or owner-occupants seeking rental income potential. Each unit showcases a functional, open-concept layout with spacious living areas and durable tile flooring throughout the main spaces. Generously sized bedrooms and well-appointed bathrooms create comfortable, practical living. Both units include a private fenced backyard perfect play or outdoor relaxation, along with an attached garage for added convenience and storage. Dedicated utility space allows for full-size washer and dryer. Located just minutes from Sanford elementary school, this property offers excellent convenience for tenants and homeowners alike. Enjoy small-town charm with easy access to US-75 for commuting to McKinney, Sherman, and surrounding areas. Whether you’re looking to expand your investment portfolio, live in one side and lease the other, or secure a property in a thriving North Texas community, this duplex offers flexibility, functionality, and long-term potential.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCeramic Tile
AppliancesDishwasher, Disposal, Electric Range, Ice Maker, Microwave, Refrigerator
Interior featuresCable TV Available, Open Floorplan, Walk-In Closet(s)

Construction materialsBrick
RoofComposition
FoundationSlab

FencingPrivacy, Wood
Water sourceCity Water, Individual Water Meter
SewerCity Sewer
ElectricElectricity Connected
UtilitiesCable Available

SubdivisionGreywood Heights Sec 2

ElementaryBob and Lola Sanford
Middle schoolVan Alstyne
High schoolVan Alstyne
DistrictVan Alstyne ISD

Gross income$37,500 per year
Cap rate7.81% — as listed
Net operating income$37,500 per year

MLS #21182701
Source
Price changeReduced by $5,000 · Jul 9, 2026
On the market145 days
CountyGrayson

Around this home

One moment…

Everyday life

Nearest groceryDiamond Food Market · 0.9 mi
Nearest parkEula Umphress and Robert Hynds Park · 1.3 mi

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Listing courtesy of Real Broker, LLC — K.C. McKeown.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21182701. Information last updated July 15, 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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