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3607 Lee Street

Greenville, TX 75401

$375,000

4 units · 1980

Units4
Building area2,808 sq ft
Year built1980
Gross income$46,800/yr
Cap rate11.39% as listed
Parking4 spaces
Lot size0.212 acres
TypeQuadruplex

What it costs to own

Taxes$4,076 per year
HOANone listed
Operating expenses$4,076 per year — as listed
Net operating income$42,724 per year — as listed

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

About this home

This updated four-unit quadplex presents a turnkey investment opportunity with strong rental demand and modern improvements throughout. Each 1-bedroom, 1-bath unit offers efficient layouts, durable flooring, neutral paint, and refreshed kitchens and baths that attract reliable long-term tenants. Recent upgrades include new exterior siding and individual tankless water heaters, reducing maintenance costs and improving overall operating efficiency. The property also features an on-site parking lot, adding convenience and boosting tenant retention. Two units are currently vacant and ready for immediate leasing or owner occupancy, while the remaining units provide steady income. With clean interiors, updated systems, and consistent demand for affordable 1-bedroom rentals in this area, the quadplex delivers strong cash-flow potential and long-term appreciation for investors seeking a low-maintenance multifamily asset.

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringHardwood, Luxury Vinyl Plank, Tile
AppliancesElectric Range, Microwave, Refrigerator
Interior featuresCable TV Available, Decorative Lighting, Eat-in Kitchen, High Speed Internet Available

Construction materialsSiding
RoofMetal
FoundationPillar/Post/Pier

Lot featuresFew Trees, Interior Lot, Landscaped, Subdivided
FencingNone
Water sourceCity Water
SewerCity Sewer

SubdivisionOrig Town Of Greenville

ElementaryCarver
Middle schoolGreenville
High schoolGreenville
DistrictGreenville ISD

Gross income$46,800 per year
Operating expenses$4,076 per year
Cap rate11.39% — as listed
Net operating income$42,724 per year

MLS #21355907
Source
Price changeReduced by $1 · Oct 24, 2026
On the market75 days
CountyHunt

Around this home

One moment…

Everyday life

Nearest groceryWalmart Neighborhood Market · 1.3 mi
Nearest parkMiddleton Park · 0.2 mi

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Listing courtesy of Ebby Halliday, Realtors — Fred Jones.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21355907. Information last updated October 24, 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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