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$450,000

911 S Helen St, Overton, TX, 75684

On MarketInfo
Baths14,608 Sq Ft
ApartmentApartment
Year BuiltBuilt in 1947

Exterior

Lot Size7.67 acres

Building Information

Year Built1947

Land Information

APN23302
Lot Number1
Land UseResidential
Legal DescriptionLT 1 BLK 142 ORIGINAL AB 789 W G TUTT SUR OLD OVERTON HOSPITAL
Census Tract950400
Assessed Land Value$109,610
Assessed Improvement Value$48,290
Assessment Year2024

About this property

Discover an exceptional investment opportunity in Overton, Texas with this 7.670-acre commercial property featuring a unique former hospital that has been converted into apartment units. Rich in history and full of potential, this versatile property offers a rare chance for investors, developers, or entrepreneurs seeking income-producing real estate with room for future growth. The expansive acreage provides ample space for additional development, parking, or outdoor amenities, making it ideal for a variety of commercial or residential uses, subject to local zoning and approvals. The existing structure offers substantial square footage and flexible layouts that can continue to serve as multifamily housing or be reimagined to fit other business ventures. Conveniently located in the heart of Overton, the property enjoys easy access to local schools, businesses, and major roadways while serving the surrounding East Texas communities. Whether you're looking to expand your investment portfolio, create a senior living community, establish office or medical space, or explore redevelopment opportunities, this one-of-a-kind property delivers endless possibilities. Don't miss the chance to own a land mark property with history, character, and tremendous future potential.

Investor Tools

Property Icon
$157,900
Estimated Property Value
$0Estimated Mortgage Balance
$157,900Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

Interested in this property?

Keith Kelley

Texas Real Estate Executives, The Daniels Group - Gilmer

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$326/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$3,119
$157,900
2024
$109,610
$48,290
$157,900
No

Tax History

Year
Tax Paid
Assessed Value
2022
$3,119
$157,900

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$157,900
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: Overton

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911 S Helen St | Property Details | No Agent List