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$339,900 -$30,000 (-8.11%) Price Reduced

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • Updated 6 days ago
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GREAT RENTAL AND INVESTMENT PROPERTY ON HWY 14 - This property currently has 4 Manufactured Homes, a Cabin and room to add more. The existing MH on this property have all been purchased elsewhere, moved here and remodeled over the years. Current inventory of rentals: 1) MH 750sf, 2) MF 1116sf, 3) MH 750sf, 4) MF 1824sf, 5) cabin 480sf. Additionally there is a metal building 1200sf; 3 sided, tall roofed metal carport 400sf; and a portable single metal carport. The property has room to add more Manufactured Homes for increase income potential. Possibly add RV camper sites with County approval and septic availability. The property is being surveyed - should be 3.04 acres per a NEW SURVEY. Listing Agent has several Lenders that will loan on moved MH.

Full Property Details for 420 Martin Luther King Dr

General

  • Price: $339,900
  • Status: Active
  • Type: Multi-Family
  • Source: NTREIS
  • MLS ID: 20517554
  • Updated: 1/12/2026
  • Added to Site: 726 day(s) ago

Interior

  • Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Eat-in Kitchen, High Speed Internet, Pantry, Paneling/Wainscoting, Cable TV
  • Appliances: Dishwasher, Electric Range, Refrigerator
  • Flooring: Carpet, Linoleum

Parking

  • Total Spaces: 10
  • Parking Features: Common

Location

  • County: Limestone
  • Subdivision: none
  • Driving Directions: travel South on Hwy 14 from Mexia towards Groesbeck after you pass The Cowboy Western Club the property will be on your right sign on the property

School Information

  • Elem School District: Mexia ISD
  • Midd School District: Mexia ISD
  • High School District: Mexia ISD
  • Elementary School: Mcbay
  • High School: Mexia

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air, Ceiling Fan(s)
  • Heating Type: Electric

Utilities

  • Sewer: Public Sewer, Septic Tank
  • Water: Public
  • Cable Available: Yes
  • Utility Description: Electricity Connected, Sewer Available, Septic Available, Water Available, Cable Available

Structural Information

  • # Buildings: 5
  • Detached/Attached: Detached
  • Construction: Board & Batten Siding, Vinyl Siding
  • Roof: Composition
  • Stories/Levels: 1
  • Square Feet: 4,920
  • Sq. Ft. Source: Public Records
  • Year Built: 2007

Lot Features

  • Lot Size (Acres): 4
  • Lot Size (Sq. Ft.): 174,240
  • Frontage: All Weather Road

Disclosures and Reports

  • Property ID: R16349
  • Block: 27
  • Lot Number: none
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 420 Martin Luther King Dr —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 420 Martin Luther King Dr

School District:Mexia Independent School District
NameGradesDistance
A B Mcbay Elementary School
1000 North Ross Avenue, Mexia, TX 76667
PK-21.2 mi
R Q Sims Intermediate School
1010 North Ross Avenue, Mexia, TX 76667
3-51.3 mi
Mexia J High School
1 Blackcat Dr, Mexia, TX 76667
6-81.5 mi
Mexia High School
1120 North Ross Avenue, Mexia, TX 76667
9-121.4 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 420 Martin Luther King Dr Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/12/2026
Price Reduced
$339,900
-8.11%
MLS
9/15/2025
Price Reduced
$369,900
-1.36%
MLS
1/07/2025
Price Reduced
$375,000
-3.82%
MLS
7/23/2024
Price Reduced
$389,900
-9.3%
MLS
1/23/2024
Listed
$429,900
—
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.

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420 Martin Luther King Drive, Mexia, TX 76667 (MLS# 20517554) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 420 Martin Luther King Drive is currently listed for $339,900 and was received on January 23, 2024. This property is listed by Heritage Real Estate Group from our Dallas Office.Want to learn more about 420 Martin Luther King Drive? Do you have questions about finding other Multi-Family real estate for sale in Mexia? You can browse all Mexia real estate or contact a Coldwell Banker agent to request more information.

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