Real opportunities. Driven by live market signals.
Updated every minute.

Browse Homes — Buy Direct, Deal on Your Terms

Updated Properties Icon
Updated Properties
Last 24 HoursLast 24 Hours
Main property image
A
NoAgentList RatingHow are grades calculated?Info
Days440Days on Market
Views1view
Gallery image 2
Gallery image 3
Gallery image 4
Gallery image 5

$599,000

706 N Commerce St, Gainesville, TX, 76240

On MarketInfo
Beds2 Beds
Baths1 Bath
Baths1,488 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$402.55 / sqft
Year BuiltBuilt in 1940

Property Lead Type:

Absentee OwnerHigh EquityVacant Homes

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms Full 1.5Bathrooms Full 1.5
Heating CentralHeating Central
CoolingCooling
AppliancesElectric Range
FlooringLaminate

Exterior

Lot Size4,400 sqft

Building Information

Year Built1940
Roof Type105

Land Information

APN11847
SubdivisionGainesville Addn
Land UseResidential
Legal DescriptionGAINESVILLE ADDN; BLOCK 70; TR 8; ACRES .101
Census Tract000500
Assessed Land Value$19,756
Assessed Improvement Value$83,493
Assessment Year2025

About this property

Investor's Dream! 4 Income Producing Properties in Gainesville, TX! Don't miss this rare opportunity to own a package of four fully rented dwellings in one convenient location! This investment portfolio includes the following addresses: 1) 702 N Commerce (Duplex): Side A is a 1 bed, 1 bath unit with 846 sq ft. Side B offers 1 bed, 1 bath with 690 sq ft. 2) 706 N Commerce: A charming single family home featuring 2 bedrooms, 1 bath, and 1,129 sq ft of living space. 3) 706 and Half N Commerce (Garage Apartment): A standalone 1 bed, 1 bath apartment with 780 sq ft, tucked behind 706. 4) 115 Blanton: A cozy 2 bed, 1 bath home offering 863 sq ft. Each property is currently rented, offering immediate and steady income. Whether you're a seasoned investor or just starting your portfolio, this package delivers strong rental potential with options: keep all as a cash flowing bundle or sell individually after purchase. Located near historic downtown Gainesville, these homes are minutes from local shopping, dining, and wineries, making them attractive to tenants seeking charm and convenience. Call today for more details or to schedule a private tour of this unique multi property opportunity!

Investor Tools

$231,706Estimated Mortgage Balance
$361,294Estimated Equity
60% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

Interested in this property?

BRANDON PARKER

Fathom Realty, LLC

ContactContact

Want alerts when something changes with this property?

Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$396/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$1,785
$103,249
2025
$19,756
$83,493
$103,249
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$1,785
$103,249

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
First United Bank & Trust Co
Credit Line (Revolving) / Heloc
$250,000
No
First
Jun 8, 2022
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$231,706
$361,294
60%
39%
$1,499/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$1,050/mo
$1,499/mo
$-449/mo
2.1%

Learn About the Market: Opportunity in Texas

Local Market Pages
Local Market Pages 2Local Market Pages 3Local Market Pages 4

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

No Agent List Top Properties.

These are Deal List properties graded A+, A.

Loading properties...

Sold Properties

Loading properties...