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$176,370

NAL Estimated Property Value

646 & 718 S Main Street, Paris, TX, 75460

Off MarketInfo
CommercialInfo
Beds24 Beds
Baths8 Bath
Baths4,320 Sq Ft
Multi FamilyMulti Family

Highlights

Interior

Bedrooms 24Bedrooms 24
Bathrooms Full 4Bathrooms Full 4
CoolingCooling
AppliancesOther
FlooringOther

Exterior

Lot Size2,020 sqft

Building Information

Stories2

Land Information

APN108561
Lot Number6
SubdivisionCity Of Paris
Land UseResidential
Legal DescriptionCITY OF PARIS, BLOCK 148, LOT PT OF 6, 646 S MAIN, ACRES .202 646 S MAIN
Census Tract000800
Assessed Land Value$8,810
Assessed Improvement Value$167,560
Assessment Year2025

About this property

Discover a rare investment opportunity in Paris, Texas just south of downtown—a prime location for anyone seeking fixer-upper properties, value-add rentals, or redevelopment projects. This offering includes two houses with a total of 8,640 square feet sold together for one price, both currently divided into multiple apartment units with varying conditions. Perfect for investors looking for renovation projects, cash-flow potential, or a property to reposition and increase long-term rental income. These properties offer excellent upside for a seasoned investor or a new buyer wanting to build a rental portfolio in Paris, TX. With flexible layouts, the structures can be renovated as multi-unit rentals, converted back to single-family homes, or fully reimagined with a redevelopment plan. The location provides quick access to shopping, dining, and the conveniences of Paris’s growing south-side corridor. Investors also have the option to purchase two additional single-family homes, creating an even larger acquisition and expanding the chance to maximize returns across multiple doors. Opportunities like this—multiple units, expansion options, and strong value-add potential—are increasingly hard to find. Properties sold as-is. Investors check out MLS 21115900 and MLS 21116212 for additional opportunities offered by this seller.

Investor Tools

Property Icon
$176,370
Estimated Property Value
$0Estimated Mortgage Balance
$176,370Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,374 /month
Positive
Cash Flow Estimate:
$458 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$100/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$322
$176,370
2025
$8,810
$167,560
$176,370
No

Tax History

Year
Tax Paid
Assessed Value
2022
$322
$176,370

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$176,370
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.

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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: Paris

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646 & 718 S Main Street | Property Details | No Agent List