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$229,900 Just Listed
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Property Description
Great income producing duplex: 1501 and 1503 E Wells Ave, Sherman, TX 75090. Both units have been remodeled and are rented with 1-year leases for $995 each. 1501 is driveway parking, and 1503 has driveway parking plus a detached garage. 1503 rear unit has a garage conversion completed with washer and dryer hook ups. This is a turnkey, ready to go investment property. All remodeled and leased, and no deferred maintenance.
Full Property Details
Full Property Details for 1503 E Wells Ave
General
- Price: $229,900
- Taxes: $3,527
- Status: Active
- Type: Duplex
- Source: NTREIS
- MLS ID: 21284490
- Updated: 5/28/2026
- Added to Site: Today
Interior
- Interior Features: High Speed Internet, Open Floorplan
- Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal
- Flooring: Luxury Vinyl Plank
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 2
- Parking Features: Additional Parking, Converted Garage, Common, Concrete, Driveway, Enclosed, Garage Faces Front, Garage, Garage Door Opener, Lighted, On Site, Off Street, Private
Location
- County: Grayson
- Subdivision: Linnstead J C Add
- Driving Directions: Use GPS. Closest intersection is S Dewey Ave and E Lamar St. 1501 and 1503 E Wells Ave, Sherman, TX 75090
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Crutchfield
- Middle School: Sherman
- High School: Sherman
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric, Roof Turbine(s)
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Cable Available, Electricity Available, Electricity Connected, Sewer Available, Separate Meters, Underground Utilities, Water Available
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick, Wood Siding
- Roof: Composition
- Stories/Levels: 1
- Square Feet: 1,469
- Sq. Ft. Source: Assessor
- Year Built: 1956
Lot Features
- Lot Size (Acres): 0.207
- Lot Size (Sq. Ft.): 9,016.92
Financial Considerations
- Tax Amount: $3,527
- Terms: Cash, Conventional, Contract, 1031 Exchange, FHA, VA Loan
Disclosures and Reports
- Legal Description: LINNSTEAD J C ADDN, BLOCK 3, LOT 2, ACRES .20
- Property ID: 164751
- Block: 3
- Lot Number: 2
Listed by United Real Estate, Robert Genera
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Schools
Schools serving 1503 E Wells Ave
School District:Sherman Independent School District
| Name | Grades | Distance |
|---|---|---|
Crutchfield Elementary School 521 South Dewey Avenue, Sherman, TX 75090 | K-5 | 0.3 mi |
Sherman Middle 2201 East Lamar Street, Sherman, TX 75090 | 6-8 | 0.7 mi |
Sherman High School 2907 West Travis Street, Sherman, TX 75092 | 9-12 | 3.5 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 1503 E Wells Ave
Date
Details
Price
Change
Source
5/28/2026
Listed
$229,900
—
MLS
Disclaimer: Historical sales 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 1503 E Wells Ave
1503 E Wells Avenue, Sherman, TX 75090 (MLS# 21284490) is a Duplex property with 5 bedrooms and 2 full bathrooms. 1503 E Wells Avenue is currently listed for $229,900 and was received on May 28, 2026. Want to learn more about 1503 E Wells Avenue? Do you have questions about finding other Duplex real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

