Date
Details
Price
Change
Source
4/16/2026
Listed
$399,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
Prime income-producing opportunity just minutes from Austin College. Located only two blocks from campus, this versatile multi-unit property offers strong rental history, walkability, and immediate cash flow in one of Sherman's most desirable investment corridors. The property features a well-maintained brick duplex fronting Cleveland Street, with separate entrances at 320 N. Cleveland and 1520 Mulberry, plus a unique two-story loft-style unit at 1580 Mulberry. An added value opportunity exists with the lower level of the loft, which is ready for completion and could be finished into an additional studio apartment-creating even greater income potential. Positioned within walking distance to the college and just minutes from shopping, dining, medical facilities, and retail, this location consistently attracts tenants and supports long-term occupancy. This is a proven performer. Current Leases: 320 Mulberry - $1,100 a month, lease through November 30, 2026 320 N. Cleveland - $1,080 a month, lease through August 31, 2026 1520 Mulberry - $1,100 a month, lease through November 30, 2026 Whether you are expanding your portfolio or securing a reliable income property in a high-demand rental market, this asset offers both stability and upside in a location that continues to grow.
Full Property Details
Full Property Details for 320 N Cleveland Ave
General
- Price: $399,000
- Taxes: $8,366
- Status: Active
- Type: Triplex
- Source: NTREIS
- MLS ID: 21227961
- Updated: 4/16/2026
- Added to Site: 6 day(s) ago
Interior
- Interior Features: Decorative/Designer Lighting Fixtures, High Speed Internet, Other, Cable TV, Wired for Sound
- Appliances: Electric Range
- Flooring: Carpet, Laminate
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Garage: Yes
- Attached garage: Yes
- Garage Spaces: 1
- Covered Spaces: 1
- Total Spaces: 8
- Parking Features: Common, Driveway
Location
- County: Grayson
- Subdivision: College Park Add
- Driving Directions: From Texoma Parkway take Grand Ave. east to Mulberry, Turn Left (south) to N Cleveland - Properties are on SE Corner of N Cleveland and Mulberry
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Crutchfield
- Middle School: Piner
- High School: Sherman
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
- Cable Available: Yes
- Utility Description: Natural Gas Available, Other, Sewer Available, Separate Meters, Water Available, Cable Available
Structural Information
- # Buildings: 2
- Detached/Attached: Detached
- Construction: Brick, Frame, Other
- Roof: Composition
- Square Feet: 3,847
- Sq. Ft. Source: Other
- Year Built: 1979
Lot Features
- Lot Size (Acres): 0.39
- Lot Size (Sq. Ft.): 16,988.4
Financial Considerations
- Tax Amount: $8,366
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Legal Description: COLLEGE PARK ADDN, BLOCK 28, LOT 5 & 6, ACRES
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 161149
- Block: 28
- Lot Number: 5
Listed by Easy Life Realty, Theresa Brendemihl and Easy Life Realty, Tomi Yeary
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agents
— 320 N Cleveland Ave —
Theresa Brendemihl
Easy Life Realty
Tomi Yeary
Easy Life Realty
903-224-5171
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 320 N Cleveland Ave
School District:Sherman Independent School District
| Name | Grades | Distance |
|---|---|---|
Dillingham Elementary School 1701 Gallagher Drive, Sherman, TX 75090 | K-5 | 2.2 mi |
Sherman Middle 2201 East Lamar Street, Sherman, TX 75090 | 6-8 | 0.5 mi |
Sherman High School 2907 West Travis Street, Sherman, TX 75092 | 9-12 | 3.8 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 320 N Cleveland Ave
Tax History
Tax History for 320 N Cleveland Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
$9,203
12%
$381,453
-9%
2023
$8,225
-4%
$419,614
12%
2022
$8,557
100%
$374,619
3%
2021
100%
$365,099
59%
2021
100%
$230,214
45%
2015
-100%
$158,299
2%
2018
$4,197
9%
$155,697
1%
2017
$3,855
12%
$153,668
11%
2016
$3,457
-1%
$138,861
-1%
2015
$3,493
-13%
$140,611
-8%
2019
$4,003
18%
$152,529
12%
2014
$3,392
-1%
$136,545
-2%
2013
$3,436
—
$139,631
—
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 320 N Cleveland Ave
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320 N Cleveland Avenue, Sherman, TX 75090 (MLS# 21227961) is a Triplex property with 5 bedrooms and 3 full bathrooms. 320 N Cleveland Avenue is currently listed for $399,000 and was received on April 16, 2026. Want to learn more about 320 N Cleveland Avenue? Do you have questions about finding other Triplex real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.