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$225,000
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Property Description
Investor Opportunity with Immediate Cash Flow and Value-Add Potential in Sherman, TX! Discover the investment potential at 4779 Sistrunk Road, a 1.48-acre income-producing property offering multiple revenue streams and significant upside. The property currently generates $1,200 per month in rental income from a mobile home leased for $750 per month and an RV hookup rented for $450 per month, providing immediate cash flow while you execute your investment strategy. The centerpiece of the property is a nearly 4,000-square-foot Victorian-style home ready for renovation. With its impressive size, timeless architecture, and restoration potential, the home presents an excellent opportunity for a fix-and-flip project, long-term rental conversion, or owner-occupied renovation with built-in supplemental rental income. Whether you're searching for an income-producing property, fix-and-flip opportunity, value-add investment, or multi-income real estate in Sherman, this property offers the flexibility investors are looking for. Continue collecting rental income during renovations, expand your investment portfolio, or unlock additional value through updates and improvements. Opportunities combining current cash flow with substantial appreciation potential are becoming increasingly difficult to find in the Sherman market. This offering was previously marketed as part of an approximately 2.47-acre tract, but the owners have elected to subdivide the property, allowing the new owner to retain the approximately 1.48-acre portion featuring all of the existing income-producing improvements. By keeping the mobile home rental and RV hookup with the Victorian residence, this configuration provides the rare opportunity to acquire a property that combines immediate cash flow with substantial value-add and renovation potential, making it an attractive investment in today's market.
Full Property Details
Full Property Details for 4779 Sistrunk St
General
- Price: $225,000
- Taxes: $6,323
- Status: Active
- Type: Single Family
- Source: NTREIS
- MLS ID: 21335404
- Updated: 7/20/2026
- Added to Site: 37 day(s) ago
Interior
- Interior Features: High Speed Internet, Kitchen Island, Walk-In Closet(s)
- Fireplace(s): None
- Appliances: Double Oven, Dishwasher, Electric Cooktop, Refrigerator
- Flooring: Hardwood, Luxury Vinyl Plank, Tile
Rooms
Bathrooms
- Total Bathrooms: 3
- Full Bathrooms: 3
Bedrooms
- Total Bedrooms: 5
Parking
- Parking Features: No Garage
Location
- County: Grayson
- Subdivision: Hilltop Estate Sub
- Driving Directions: Take Highway 82 in Sherman and head east. Turn right onto FM 1417 South and continue for several miles. Turn left onto Plainview Road and follow it until you reach Sistrunk Road. Turn right onto Sistrunk Road and continue straight until you arrive at 4779 Sistrunk Road.
School Information
- Elem School District: Sherman ISD
- Midd School District: Sherman ISD
- High School District: Sherman ISD
- Elementary School: Percy W Neblett
- Middle School: Piner
- High School: Sherman
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Window Unit(s)
- Heating Type: Space Heater
Utilities
- Sewer: Septic Tank
- Water: Public
- Utility Description: Electricity Connected, Septic Available, Water Available
Structural Information
- Property Detached: Yes
- Architectural Style: Barndominium, Victorian, Detached
- Structure Type: House
- Detached/Attached: Detached
- Construction: Wood Siding
- Roof: Composition
- Stories/Levels: 2
- Living Area: 3,978 Sq. Ft.
- Year Built: 1910
Additional Structures
- Other Structures: Guest House, Residence
Lot Features
- Lot Size (Acres): 1.48
- Lot Size (Sq. Ft.): 64,468.8
- Lot Features: Corner Lot
- Trees/Vegetation: Grassed, Partially Wooded
- Fencing (Description): Partial
Financial Considerations
- For Sale/Rent/Lease: For Sale
- Tax Amount: $6,323
- Terms: Cash, Conventional
Disclosures and Reports
- Legal Description: HILLTOP ESTATE S/D, BLOCK 2, LOT 1 THRU 6, AC
- Disclosures/Rstr.: Accessory Dwelling Unit
- Property ID: 154371
- Block: 2
- Lot Number: 1
Listed by Easy Life Realty, Eli Ersch
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Schools
Schools serving 4779 Sistrunk St
School District:Sherman Independent School District
| Name | Grades | Distance |
|---|---|---|
Percy W Neblett Elementary School 1505 Gallagher Drive, Sherman, TX 75090 | K-5 | 1.4 mi |
Sherman Middle 2201 East Lamar Street, Sherman, TX 75090 | 6-8 | 2.8 mi |
Sherman High School 2907 West Travis Street, Sherman, TX 75092 | 9-12 | 6.7 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 4779 Sistrunk St
Date
Details
Price
Change
Source
7/20/2026
Listed
$225,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 4779 Sistrunk St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$3,072
-8%
$394,883
5%
2023
$3,346
-29%
$374,334
26%
2022
$4,687
—
$296,101
19%
2022
$4,687
18%
$249,617
23%
2021
$3,966
8%
$203,297
12%
2020
$3,677
-8%
$181,851
-3%
2019
$4,013
25%
$187,465
33%
2018
$3,208
32%
$141,106
21%
2017
$2,429
10%
$116,351
10%
2016
$2,214
-3%
$105,379
-2%
2015
$2,278
—
$107,498
—
2014
$2,278
—
$107,498
—
2013
$2,279
—
$107,563
—
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 4779 Sistrunk St
4779 Sistrunk Street, Sherman, TX 75090 (MLS# 21335404) is a Single Family property with 5 bedrooms and 3 full bathrooms. 4779 Sistrunk Street is currently listed for $225,000 and was received on July 20, 2026. Want to learn more about 4779 Sistrunk Street? Do you have questions about finding other Single Family real estate for sale in Sherman? You can browse all Sherman real estate or contact a Coldwell Banker agent to request more information.

