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Days463Days on Market
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$279,000

617 S Elm Street, Sherman, TX, 75090

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,216 Sq Ft
DuplexDuplex
Year BuiltBuilt in 1940

Property Lead Type:

Off-Market ListAbsentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
AppliancesElectric Cooktop, Electric Oven, Microwave, Refrigerator
FlooringCarpet, Hardwood, Tile

Exterior

Exterior FeaturesRain Gutters, Private Yard
Lot Size7,501 sqft

Building Information

Year Built1940
Roof Type109
Garage Spaces1

Land Information

APNS041 2107030
Lot Number26,27
SubdivisionHare & Randolph Addn
Land UseResidential
Legal DescriptionHARE & RANDOLPH ADDN, BLOCK 9, LOT PT 26 & 27, ACRES .1722
Census Tract001700
Assessed Land Value$60,975
Assessed Improvement Value$118,604
Assessment Year2025

About this property

Sitting in the historic district of Sherman, this duplex is ready for new owners. Both units are rented. Each side is 1 bedroom and 1 bathroom. Property was totally gutted and renovated 2 years ago. New roof in 2023. Everything is practically new. Comes with washer, dryer and fridge for each unit. 615 Elm Rent is $1,095; Lease expiration is July 26, 2025. 617 Elm-Rent $1,175; Lease is expired and on a month to month. Pictures speak for themselves. Each side is IDENTICAL to the other. Easy access to 75 and downtown Sherman.

Investor Tools

Property Icon
$179,579
Estimated Property Value
$0Estimated Mortgage Balance
$179,579Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,674 /month
Positive
Cash Flow Estimate:
$558 /month

Interested in this property?

Solvent Realty Group

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$418/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,122
$179,579
2025
$60,975
$118,604
$179,579
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,122
$179,579

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$179,579
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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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: Sherman

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617 S Elm Street | Property Details | No Agent List