Date
Details
Price
Change
Source
9/26/2025
Listed
$450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
$450,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/5
Property Description
Peaceful country acreage lot with 2 income producing homes just minutes from Gainesville. This charming property offers the best of both worlds-quiet country living with convenient access to town, major highways, and shopping. This property would be ideal for a custom home site at the back while maintaining an income producing property at the road frontage. The homes are located on a spacious lot with a small pond, a 1200SF barn and small storage structures, mature trees at the back, partially fenced, and separate driveway access for the homes. Home at the front of the property is a 2 bedroom pier and beam, with a recent laundry room slab addition. Home at the rear is a manufactured home with 3 bedrooms and tenant provides all maintenance and repairs at current lease rate. Located in Cooke County, this property has no city taxes, provides easy access to Gainesville schools, dining, and amenities, while still delivering the privacy and tranquility of country living. Each home has separate meters for water and electric service. With its blend of space and potential, this property is ideal for those seeking rental income with potential for future development or a future acreage homesite.
Full Property Details
Full Property Details for 1546 Co Rd 123
General
- Price: $450,000
- Taxes: $3,299
- Status: Active
- Type: Multi-Family
- Source: NTREIS
- MLS ID: 21059888
- Updated: 9/27/2025
- Added to Site: 113 day(s) ago
Interior
- Interior Features: High Speed Internet
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Other
- Appliances: Electric Range
- Flooring: Linoleum
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: Additional Parking, Aggregate, Circular Driveway, Driveway, On Site, Open
Location
- County: Cooke
- Subdivision: French M
- Driving Directions: From Gainesville, East on US 82 toward Oak Ridge. South on CR 123 (also Tabernacle Road). Property will be on the left. Sign on lot.
School Information
- Elem School District: Gainesville ISD
- Midd School District: Gainesville ISD
- High School District: Gainesville ISD
- Elementary School: Chalmers
- High School: Gainesvill
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Window Unit(s)
- Heating Type: Central
Utilities
- Sewer: Aerobic Septic
- Water: Community/Coop
- Utility Description: Septic Available, Water Available
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Aluminum Siding
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 2,256
- Sq. Ft. Source: Public Records
- Year Built: 1998
Lot Features
- Lot Size (Acres): 3.291
- Lot Size (Sq. Ft.): 143,355.96
- Lot Size Source: Assessor
- Lot Features: Acreage
- Fencing (Description): Barbed Wire, Partial, Pipe
Financial Considerations
- Tax Amount: $3,299
Disclosures and Reports
- Legal Description: FRENCH M 0380 ACRES 3.291 LABEL# MD*0007096 C
- Property ID: 25657
Listed by Talley and Company, LTD, Terri Mccutcheon
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1546 Co Rd 123 —
Terri Mccutcheon
Talley and Company, LTD
972-978-7477
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1546 Co Rd 123
School District:Gainesville Independent School District
| Name | Grades | Distance |
|---|---|---|
W E Chalmers Elementary School 600 Fm 3092, Gainesville, TX 76240 | 2-4 | 2.6 mi |
Edison Elementary School 1 Edison Drive, Gainesville, TX 76240 | PK-1 | 3.4 mi |
Gainesville Int 2100 North Grand Avenue, Gainesville, TX 76240 | 5-6 | 3.8 mi |
Gainesville Junior High School 1201 Lindsay Street, Gainesville, TX 76240 | 7-8 | 4.7 mi |
Gainesville High School 2201 S I 35, Gainesville, TX 76240 | 9-12 | 5.9 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 1546 Co Rd 123
Tax History
Tax History for 1546 Co Rd 123
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,299
—
$264,328
9%
2024
$3,299
-12%
$242,671
1%
2022
$3,770
—
$240,341
-1%
2022
$3,770
304%
$242,739
342%
2021
$933
3%
$54,912
7%
2020
$907
6%
$51,486
21%
2018
$854
-4%
$42,480
-7%
2019
$894
20%
$45,622
23%
2017
$747
4%
$37,240
4%
2016
$719
—
$35,721
—
2015
$720
—
$35,721
-4%
2013
$719
1%
$37,090
1%
2012
$709
—
$36,658
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1546 Co Rd 123
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1546 County Road 123, Gainesville, TX 76240 (MLS# 21059888) is a Multi-Family property with 2 units containing 5 bedrooms and 3 full bathrooms. 1546 County Road 123 is currently listed for $450,000 and was received on September 26, 2025. Want to learn more about 1546 County Road 123? Do you have questions about finding other Multi-Family real estate for sale in Gainesville? You can browse all Gainesville real estate or contact a Coldwell Banker agent to request more information.