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1416 Travis Street

Sherman, TX 75090

$380,000

3 units · 1920

Units3
Building area2,700 sq ft
Year built1920
Gross income$54,000/yr
Cap rate14.21% as listed
Parking6 spaces
Lot size0.23 acres
TypeTriplex

What it costs to own

Taxes$7,139 per year
HOANone listed
Operating expenses$10,800 per year — as listed
Insurance$4,500 per year — as listed
Net operating income$54,000 per year — as listed

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

About this home

Rare triplex opportunity in Sherman featuring three separate units with three separate electric meters on a .2296-acre lot. This 1920s home blends historic character with major updates, including a new roof and new siding installed in 2026. Every unit comes equipped with an electric range and oven, microwave, and refrigerator, making it move-in ready for tenants or owner-occupants.

The first unit offers 1 bedroom, 1 bath, an eat-in kitchen, and a covered front porch. The second unit features 2 bedrooms, 1 bath, a living room, an eat-in kitchen, and its own covered front porch. The upstairs unit includes 3 spacious bedrooms, 1 bath, a laundry area, an eat-in kitchen open to the living and dining areas, and a small second-story patio.

Outside, you'll find a large fenced backyard, two driveways with room for up to 6 vehicles, and plenty of on-street parking. The home sits on a pier and beam foundation. Separate electric meters allow each unit to be billed individually, and utilities are tenant-paid, keeping owner operating costs low.

Set on South Travis Street in the established M B Moore Addition, the property is tucked into a residential neighborhood yet just minutes from US-75, historic downtown Sherman with its restaurants, shops, and events, Austin College, and Sherman's growing semiconductor corridor, home to major new investments from Texas Instruments and GlobalWafers.

Whether you're looking to add an income-producing property to your portfolio, live in one unit while renting the others, or restore a piece of Sherman's history, this triplex offers flexibility and long-term potential.

The details

HeatingCentral, Electric
CoolingCentral Air, Electric
FlooringCarpet, Combination, Hardwood, Linoleum
AppliancesDishwasher, Electric Oven, Electric Range, Microwave, Refrigerator
Interior featuresCable TV Available, Eat-in Kitchen, Multiple Staircases, Open Floorplan, Vaulted Ceiling(s)

Construction materialsSiding, Vinyl Siding
RoofComposition
FoundationPillar/Post/Pier

Lot featuresFew Trees
FencingBack Yard, Fenced, Wood
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Available

SubdivisionMoore M B Add

ElementaryWashington
Middle schoolPiner
High schoolSherman
DistrictSherman ISD

Gross income$54,000 per year
Operating expenses$10,800 per year
Operating includesCapital Improvements, Maintenance, Professional Management, Vacancy Allowance
Insurance$4,500 per year
Cap rate14.21% — as listed
Net operating income$54,000 per year

MLS #21411061
Source
On the marketListed today
CountyGrayson

Around this home

One moment…

Everyday life

Nearest groceryAlbertsons · 2.3 mi
Nearest parkEly Park · 0.5 mi

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Listing courtesy of Regal, REALTORS — Anna Wagers.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21411061. Information last updated October 17, 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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