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$1,949,000

  • For Sale
  • Active
  • Multi-Family
  • 6 Units
  • 12 Total Beds
  • Updated 7 days ago
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Rare opportunity to own a private residence AND established income-producing property on 2.82 acres in Paradise! The property features a beautiful 3,500-square-foot main home built in 2021, plus three separate duplexes offering six rental units and approximately 4,680 additional square feet of living space. The duplexes currently generate $97,200 in annual gross rental income, providing a unique opportunity to enjoy country living while producing substantial rental income on the same property. The main residence offers 4 bedrooms, 3 bathrooms, spacious living areas, a fireplace, vinyl plank flooring and two tankless water heaters. The rental portfolio consists of two 2-bedroom units and four 1-bedroom units, each with its own living space. All three duplex buildings feature tankless water heaters. The property is served by a private well with water softener and 1,000-gallon storage tank. With approximately 8,180 square feet of combined residential space, six income-producing units and a newer primary residence, this property offers incredible flexibility for an owner-occupant, investor, multi-generational living or anyone looking to combine home and income in one unique property. Conveniently located in Paradise with easy access to Decatur and the greater DFW area.

Full Property Details for 137 Co Rd 3351

General

  • Price: $1,949,000
  • Taxes: $10,398
  • Status: Active
  • Type: Multi-Family
  • Source: NTREIS
  • MLS ID: 21270049
  • Updated: 8/17/2026
  • Added to Site: 95 day(s) ago

Interior

  • Interior Features: Built-in Features, Decorative/Designer Lighting Fixtures, Double Vanity, Eat-in Kitchen, Granite Counters, Kitchen Island, Open Floorplan, Natural Woodwork, Walk-In Closet(s)
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Propane
  • Appliances: Dishwasher, Electric Oven, Electric Range, Gas Cooktop, Microwave, Water Softener, Tankless Water Heater
  • Flooring: Carpet, Concrete, Luxury Vinyl Plank, Tile

Rooms

Bathrooms

  • Total Bathrooms: 9
  • Full Bathrooms: 9

Bedrooms

  • Total Bedrooms: 12

Exterior

  • Porch/Patio/Deck: Covered

Parking

  • Carports: Yes
  • Carport Spaces: 2
  • Covered Spaces: 2
  • Total Spaces: 8
  • Parking Features: Gravel

Location

  • County: Wise
  • Subdivision: Gillespie Add
  • Driving Directions: 114 W, L Olde Towne Rd, L Schoolhouse Rd, R Sunflower Rd, L Sunflower Rd., L CR 3351, property on the left

School Information

  • Elem School District: Paradise ISD
  • Midd School District: Paradise ISD
  • High School District: Paradise ISD
  • Elementary School: Paradise
  • Middle School: Paradise
  • High School: Paradise

Heating & Cooling

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

Utilities

  • Sewer: Septic Tank
  • Water: Well
  • Well: Yes
  • Utility Description: Electricity Available, Electricity Connected, Propane, Septic Available, Water Available

Structural Information

  • # Buildings: 4
  • Detached/Attached: Detached
  • Construction: Board & Batten Siding, Metal Siding, Rock, Stone
  • Roof: Metal
  • Stories/Levels: 2
  • Square Feet: 8,180
  • Sq. Ft. Source: Owner
  • Living Area: 8,180 Sq. Ft.
  • Year Built: 2020
  • Property Condition: Resale

Lot Features

  • Lot Size (Acres): 2.82
  • Lot Size (Sq. Ft.): 122,839.2
  • Lot Size Source: Assessor

Financial Considerations

  • Tax Amount: $10,398
  • Terms: Cash, 1031 Exchange

Disclosures and Reports

  • Legal Description: LOT 22 GILLESPIE ADDN, UNDIVIDED INTEREST 66.
  • Exclusions: TVs & Mounts in main home
  • Property ID: 797710
  • Lot Number: 22

Listed by Compass RE Texas, LLC, Brittany Allred and Compass RE Texas, LLC, Tommy Pistana

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Listing agents

— 137 Co Rd 3351 —

  • Brittany Allred

    Compass RE Texas, LLC

  • Tommy Pistana

    Compass RE Texas, LLC

817-905-8334

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 137 Co Rd 3351

School District:Paradise Independent School District
NameGradesDistance
Paradise Elementary School
338 School House Road, Paradise, TX 76073
PK-31.3 mi
Paradise Intermediate School
338 School House Road, Paradise, TX 76073
4-51.3 mi
Paradise Middle School
338 School House Road, Paradise, TX 76073
6-81.3 mi
Paradise High School
338 School House Road, Paradise, TX 76073
9-121.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 137 Co Rd 3351 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/21/2026
Price Reduced
$1,949,000
-7.19%
MLS
5/21/2026
Listed
$2,100,000
—
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.

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Listed by Compass RE Texas, LLC, Brittany Allred and Compass RE Texas, LLC, Tommy Pistana

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137 County Road 3351, Paradise, TX 76073 (MLS# 21270049) is a Multi-Family property with 6 units containing 12 bedrooms and 9 full bathrooms. 137 County Road 3351 is currently listed for $1,949,000 and was received on May 21, 2026. Want to learn more about 137 County Road 3351? Do you have questions about finding other Multi-Family real estate for sale in Paradise? You can browse all Paradise real estate or contact a Coldwell Banker agent to request more information.

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