This stabilized multifamily property is an ideal investment opportunity. Boasting 100% occupancy and an average of 97.5% over the past five years, the property is well-positioned in a prime location with convenient access to the downtown square and major highways. It features a diverse unit mix, including large efficiencies, 1-bedroom, and 2-bedroom apartments, with the added convenience of on-site laundry and washer-dryer hookups in the 2-bedroom units. Residents enjoy ample parking, and recent improvements include new roofs installed in September 2024, a new fence along the south side in August 2024, and a new stairwell for the duplex added in September 2024. Currently self-managed by the owner, this property offers a secure, income-generating investment with consistent occupancy in a high-demand area.The Welling Apartments is comprised of 13 units blocks away from Downtown Sherman, TX.
Sold
Price Unknown
517-523 S Travis St, Sherman, TX 75090
--beds
--baths
9,065sqft
Multi Family, Apartment
Built in 1946
-- sqft lot
$482,500 Zestimate®
$--/sqft
$1,478 Estimated rent
Home value
$482,500
$343,000 - $661,000
$1,478/mo
Zestimate® history
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Ample parkingOn-site laundry
Zillow last checked:
Listing updated:
Listed by:
Jacqui Green 0408050 214-882-0398,
Vissute Real Estate, LLC 214-882-0398
Bought with:
Ashley Gentry
RedBranch Realty
Source: NTREIS,MLS#: 20576286
Facts & features
Interior
Heating
- Central, Electric
Cooling
- Central Air, Electric
Appliances
- Included: Electric Range, Refrigerator
Features
- Built-in Features
- Flooring: Concrete
Interior area
- Total structure area: 9,065
- Total interior livable area: 9,065 sqft
Property
Parking
- Total spaces: 20
- Parking features: Asphalt
Features
- Levels: Two
- Stories: 2
- Pool features: None
Lot
- Size: 0.25 Acres
Details
- Parcel number: 163302 213579
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family, Apartment
Materials
- Brick
- Foundation: Combination, Pillar/Post/Pier, Slab
- Roof: Composition,Mixed
Condition
- Year built: 1946
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Natural Gas Available, Sewer Available, Separate Meters, Water Available
Community & HOA
Community
- Subdivision: G-0056
HOA
- Has HOA: No
Location
- Region: Sherman
Financial & listing details
- Date on market: 4/2/2024
- Cumulative days on market: 193 days
- Listing terms: Cash
Price history
| Date | Event | Price |
|---|---|---|
| 2/4/2025 | Sold | -- |
Source: NTREIS #20576286 Report a problem | ||
| 1/22/2025 | Pending sale | $1,100,000$121/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 1/14/2025 | Contingent | $1,100,000$121/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 12/15/2024 | Listed for sale | $1,100,000$121/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 12/3/2024 | Contingent | $1,100,000$121/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 11/7/2024 | Price change | $1,100,000-6.4%$121/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 10/10/2024 | Listed for sale | $1,175,000$130/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 7/29/2024 | Pending sale | $1,175,000$130/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 7/15/2024 | Contingent | $1,175,000$130/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 6/18/2024 | Listed for sale | $1,175,000-9.6%$130/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 5/21/2024 | Contingent | $1,300,000$143/sqft |
Source: NTREIS #20576286 Report a problem | ||
| 4/2/2024 | Listed for sale | $1,300,000$143/sqft |
Source: NTREIS #20576286 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 75090
Nearby homes
- $---- bd1 ba500 sqft523 S Travis St APT 9, Sherman, TX 75090Off Market
- $--1 bd1 ba600 sqft523 S Travis St APT 2, Sherman, TX 75090Off Market
- $159,600-- bd1 ba465 sqft523 S Travis St APT 11B, Sherman, TX 75090Off Market
- $159,600-- bd1 ba465 sqft523 S Travis St APT 8B, Sherman, TX 75090Off Market
- $148,0001 bd1 ba625 sqft523 S Travis St APT 3A, Sherman, TX 75090Off Market
- $148,0001 bd1 ba610 sqft523 S Travis St APT 5A, Sherman, TX 75090Off Market
- $148,0001 bd1 ba675 sqft523 S Travis St APT 7B, Sherman, TX 75090Off Market
- $148,0001 bd1 ba620 sqft523 S Travis St #6B, Sherman, TX 75090Off Market
Nearby schools
GreatSchools rating
- 2/10Washington Elementary SchoolGrades: K-5Distance: 0.3 mi
- 5/10Piner Middle SchoolGrades: 6-8Distance: 0.5 mi
- 5/10Sherman High SchoolGrades: 9-12Distance: 2.8 mi
Schools provided by the listing agent
- Elementary: Washington
- Middle: Piner
- High: Sherman
- District: Sherman 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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Estimated market value
$482,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$482,500
- Texas
- Grayson County
- Sherman
- 75090
- 517-523 S Travis St
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