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$380,000 -$5,000 (-1.3%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 4 Total Beds
  • Updated 6 days ago
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There are three properties that will be sold together. 502 E. Main is 2 bed 1bath, was remolded in 2014 and a new roof in 2025. It is tenant occupied until July 2026. 504 Main is a vacant lot. 506 E. Main 2 bed 1 bath, floors refinished and new windows in 2023. New hvac in 2019.

Full Property Details for 506 E Main St

General

  • Price: $380,000
  • Taxes: $5,869
  • Status: Active
  • Type: Multi-Family
  • Source: NTREIS
  • MLS ID: 21087094
  • Updated: 1/10/2026
  • Added to Site: 83 day(s) ago

Interior

  • Interior Features: High Speed Internet
  • Appliances: Dishwasher, Electric Range, Electric Water Heater
  • Flooring: Hardwood, Tile, Vinyl

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Security/Safety: Smoke Detector(s)

Parking

  • Carports: Yes
  • Carport Spaces: 1
  • Covered Spaces: 1
  • Total Spaces: 6
  • Parking Features: Additional Parking

Location

  • County: Wise
  • Subdivision: Dc & Eo Cates
  • Driving Directions: GPS

School Information

  • Elem School District: Decatur ISD
  • Midd School District: Decatur ISD
  • High School District: Decatur ISD
  • Elementary School: Carson
  • Middle School: Mccarroll
  • High School: Decatur

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air
  • Heating Type: Central, Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • Utility Description: Sewer Available, Separate Meters, Water Available

Structural Information

  • # Buildings: 2
  • Detached/Attached: Detached
  • Construction: Wood Siding
  • Roof: Composition
  • Windows: Window Coverings
  • Stories/Levels: 1
  • Square Feet: 2,009
  • Sq. Ft. Source: Assessor
  • Living Area: 2,009 Sq. Ft.
  • Year Built: 1930

Lot Features

  • Lot Size (Acres): 0.138
  • Lot Size (Sq. Ft.): 6,011.28
  • Lot Size Source: Assessor
  • Fencing (Description): Chain Link, Wood

Financial Considerations

  • Tax Amount: $5,869
  • Terms: Cash, Conventional, 1031 Exchange

Disclosures and Reports

  • Legal Description: LOT 16 & 17 BLK H DC & EO CATES ADDITION
  • Disclosures/Rstr.: Owner Is Listing Agent
  • Property ID: 755490
  • Block: H
  • Lot Number: 16

Listed by Southwest Real Estate, Michelle Payton

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Listing agent

— 506 E Main St —

  • Michelle Payton

    Southwest Real Estate

817-485-8118

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 506 E Main St

School District:Decatur Independent School District
NameGradesDistance
Decatur High School
750 East Eagle Summit Drive, Decatur, TX 76234
9-121.2 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 506 E Main St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/10/2026
Price Reduced
$380,000
-1.3%
MLS
12/18/2025
Price Reduced
$385,000
-2.28%
MLS
11/21/2025
Price Reduced
$394,000
-0.25%
MLS
10/24/2025
Listed
$395,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 506 E Main St

Year
Property Taxes
Change
Tax Assessment
Change
2024
$2,227
14%
$134,518
13%
2021
$1,948
—
$118,833
19%
2021
$1,948
—
$99,495
17%
2021
$1,948
17%
$85,370
21%
2020
$1,661
4%
$70,800
4%
2019
$1,592
28%
$67,890
35%
2018
$1,246
15%
$50,290
20%
2017
$1,087
4%
$42,050
5%
2016
$1,041
2%
$40,100
1%
2015
$1,022
3%
$39,540
1%
2014
$992
1%
$38,970
—
2013
$984
—
$38,970
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Southwest Real Estate, Michelle Payton

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506 E Main Street, Decatur, TX 76234 (MLS# 21087094) is a Multi-Family property with 2 units containing 4 bedrooms and 2 full bathrooms. 506 E Main Street is currently listed for $380,000 and was received on October 24, 2025. Want to learn more about 506 E Main Street? Do you have questions about finding other Multi-Family real estate for sale in Decatur? You can browse all Decatur real estate or contact a Coldwell Banker agent to request more information.

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