Investor special in the heart of rapidly growing Commerce, TX. This approximately 3,000 sq ft 4-plex features one 3 bed, 1 bath unit and three 1 bed, 1 bath units. The property has been completely gutted to the studs and will require a full renovation, making it unsuitable for conventional financing.
Located near East Texas A&M University and within an area experiencing major redevelopment and revitalization, this property offers exceptional upside potential. Whether you choose to renovate the existing structure or start fresh with new development, the opportunity is there. Perfect for investors, builders, or developers looking to capitalize on the growth and transformation happening throughout Commerce.
For sale
Price cut: $14K (6/8)
$125,000
1309 Park St, Commerce, TX 75428
7beds
3,000sqft
Quadruplex, Multi Family
Built in 1940
-- sqft lot
$-- Zestimate®
$42/sqft
$-- HOA
What's special
- 91 days |
- 366 |
- 12 |
Zillow last checked:
Listing updated:
Listed by:
Ted Laramore 0600269 940-735-2830,
eXp Realty, LLC 888-519-7431
Source: NTREIS,MLS#: 21280035
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Other
Cooling
- Other
Features
- Other
- Flooring: Other
Interior area
- Total structure area: 3,000
- Total interior livable area: 3,000 sqft
Video & virtual tour
Property
Parking
- Total spaces: 8
- Parking features: Driveway
Features
- Levels: One
- Stories: 1
- Patio & porch: Front Porch
- Pool features: None
- Fencing: Metal,Wood
Lot
- Size: 0.43 Acres
Details
- Parcel number: 54282
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex, Multi Family
Materials
- Frame, Wood Siding
- Foundation: Pillar/Post/Pier
- Roof: Composition
Condition
- Year built: 1940
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Sewer Available, Water Available
Community & HOA
Community
- Subdivision: Orig Town Of Commerce
HOA
- Has HOA: No
Location
- Region: Commerce
Financial & listing details
- Price per square foot: $42/sqft
- Tax assessed value: $136,070
- Annual tax amount: $4,111
- Date on market: 5/23/2026
- Cumulative days on market: 92 days
- Listing terms: Cash,1031 Exchange
- Exclusions: none
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 6/8/2026 | Price change | $125,000-10.1%$42/sqft |
Source: NTREIS #21280035 Report a problem | ||
| 5/23/2026 | Listed for sale | $139,000+3.3%$46/sqft |
Source: NTREIS #21280035 Report a problem | ||
| 7/20/2025 | Listing removed | $134,500$45/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 3/28/2025 | Price change | $134,500-0.4%$45/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 3/15/2025 | Price change | $134,999-3.6%$45/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 3/4/2025 | Listed for sale | $140,000$47/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 2/19/2025 | Listing removed | $140,000$47/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 1/17/2025 | Listed for sale | $140,000-6.4%$47/sqft |
Source: NTREIS #20817100 Report a problem | ||
| 10/16/2024 | Listing removed | $149,599-5.1%$50/sqft |
Source: NTREIS #20732665 Report a problem | ||
| 9/30/2024 | Listed for sale | $157,599-34.1%$53/sqft |
Source: NTREIS #20732665 Report a problem | ||
| 2/21/2023 | Listing removed | -- |
Source: Owner Report a problem | ||
| 2/9/2023 | Price change | $239,000+19.5%$80/sqft |
Source: Owner Report a problem | ||
| 1/30/2023 | Price change | $200,000-50%$67/sqft |
Source: Owner Report a problem | ||
| 1/22/2023 | Listed for sale | $400,000$133/sqft |
Source: Owner Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,550 -13.7% | $136,070 -14.7% |
| 2024 | $4,111 -28.2% | $159,470 -27.8% |
| 2023 | $5,724 +47.8% | $220,980 +58.8% |
| 2022 | $3,872 +0.5% | $139,170 +0.9% |
| 2021 | $3,852 +9.9% | $137,910 +13.7% |
| 2020 | $3,505 +23% | $121,240 +27.8% |
| 2019 | $2,849 -3.1% | $94,900 +0.3% |
| 2018 | $2,941 +13% | $94,660 +14% |
| 2017 | $2,602 +0.5% | $83,000 |
| 2016 | $2,589 -1.5% | $83,000 +1.6% |
| 2015 | $2,627 | $81,730 +0.1% |
| 2014 | $2,627 | $81,620 +1.6% |
| 2013 | -- | $80,330 -2.4% |
| 2012 | -- | $82,320 -1.8% |
| 2011 | -- | $83,790 -2.5% |
| 2010 | -- | $85,900 -1.5% |
| 2009 | -- | $87,230 -14% |
| 2008 | -- | $101,390 +3.9% |
| 2007 | -- | $97,540 |
| 2006 | -- | $97,540 -3.1% |
| 2005 | -- | $100,610 +40.9% |
| 2004 | -- | $71,400 +15.1% |
| 2002 | -- | $62,010 |
| 2001 | -- | $62,010 |
| 2000 | -- | $62,010 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 75428
Nearby schools
GreatSchools rating
- 2/10Albert C Williams Elementary SchoolGrades: 3-5Distance: 1.2 mi
- 3/10Commerce Middle SchoolGrades: 6-8Distance: 1.1 mi
- 3/10Commerce High SchoolGrades: 9-12Distance: 1.8 mi
Schools provided by the listing agent
- Elementary: Commerce
- Middle: Commerce
- High: Commerce
- District: Commerce ISD
Source: NTREIS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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