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Days33Days on Market
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$359,500

1904 Tulane Avenue, Gainesville, TX, 76240

On MarketInfo
Beds3 Beds
Baths3 Bath
Baths2,362 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$152.2 / sqft
Year BuiltBuilt in 1965

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 2.5Bathrooms Full 2.5
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Water Heater, Gas Water Heater, Double Oven, Vented Exhaust Fan
FlooringCeramic Tile, Wood

Exterior

Exterior FeaturesRain Gutters, Private Yard, Storage
Lot Size13,273 sqft

Building Information

Year Built1965
Roof Type105
Garage Spaces2

Land Information

APN1856
Lot Number3
SubdivisionBonner Hills
Land UseResidential
Legal DescriptionBONNER HILLS; BLOCK 4; LOT 3
Census Tract000900
Assessed Land Value$51,293
Assessed Improvement Value$260,580
Assessment Year2025

About this property

Ideally located just minutes from North Central Texas College, Gainesville High School, the renowned Frank Buck Zoo, and the charming boutiques, dining, and entertainment of historic downtown Gainesville, this quality-built home offers timeless design and exceptional functionality. Step inside to discover soaring vaulted ceilings accented by beautiful wood beams, creating a warm and inviting atmosphere throughout the spacious living area. A cozy wood-burning fireplace serves as the centerpiece of the living room, while the chef-inspired kitchen is equipped with solid surface countertops, built-in appliances, abundant cabinetry, and a large walk-in pantry. The oversized utility room provides flexibility and could easily serve as a sewing room, baking center, hobby space, or home office. The private primary suite offers a peaceful retreat complete with patio access, a generous walk-in closet, and an en-suite bath featuring a separate shower and tub. Two spacious guest bedrooms share an adjoining bathroom, while a convenient half bath and built-in hallway cabinetry add both comfort and practicality. Outdoor living with a covered pergola overlooking the beautifully landscaped backyard. Additional amenities include an oversized two-car garage with a large safe, extended driveway for extra parking, sprinkler system, storage building, and mature landscaping that enhances the home’s curb appeal. This exceptional property combines quality craftsmanship, thoughtful design, and an unbeatable location—making it the perfect place to call home.

Investor Tools

Property Icon
$381,000
Estimated Property Value
$0Estimated Mortgage Balance
$381,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,286 /month
Positive
Cash Flow Estimate:
$762 /month

Interested in this property?

MISTY SCHMITZ

TIERRA REAL ESTATE

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$388/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,756
$311,873
2025
$51,293
$260,580
$311,873
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$2,756
$311,873

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$381,000
100%
0%
$0/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,420/mo
N/A
+$1,420/mo
4.5%

Learn About the Market: Opportunity in Texas

Local Market Pages
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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Gainesville

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1904 Tulane Avenue | Property Details | No Agent List