For sale

$400,000

807 Avenue L, Shallowater, TX 79363

8beds

3,328sqft

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Package Property, Multi Family

Built in 1960

-- sqft lot

$383,600 Zestimate^®

$120/sqft

$-- HOA

What's special

Great investment opportunity in the highly desirable small town of Shallowater reduced to $112,500 EACH! This property features four charming homes on a spacious lot, each offering two beds and one bath. With strong rental demand in this area, this is a perfect chance to own income producing properties being sold together in one package.

280 days

80

1

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Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Central

Cooling

Central Air

Appliances

Laundry: Electric Dryer Hookup, Washer Hookup

Interior area

Total structure area: 3,328
Total interior livable area: 3,328 sqft
Finished area above ground: 3,328

Property

Parking

Total spaces: 4
Parking features: Carport, Concrete
Carport spaces: 4

Features

Fencing: Back Yard,Fenced

Lot

Size: 0.41 Acres

Details

Parcel number: R40425
Zoning description: Single Family
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Package Property, Multi Family

Materials

Brick
Foundation: Slab

Condition

New construction: No
Year built: 1960

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Security: None

HOA

Has HOA: No

Location

Region: Shallowater

Financial & listing details

Price per square foot: $120/sqft
Tax assessed value: $241,332
Annual tax amount: $4,364
Date on market: 4/15/2026
Cumulative days on market: 280 days
Listing terms: Cash,Conventional
Tenant pays: All Utilities
Road surface type: All Weather

Estimated market value

$383,600

$364,000 - $403,000

$1,105/mo

Price history

Date	Event	Price
3/26/2026	Price change	$400,000-11.1%$120/sqft
Source: LBMLS #202561687 Report a problem
12/14/2025	Price change	$450,000-7.2%$135/sqft
Source: LBMLS #202561687 Report a problem
10/31/2025	Price change	$485,000-5.8%$146/sqft
Source: LBMLS #202561687 Report a problem
10/13/2025	Listed for sale	$515,000$155/sqft
Source: LBMLS #202561687 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$5,238 +20%	$232,174 +20%
2024	$4,364 -2.2%	$193,478
2023	$4,464 +9.8%	$193,478 +18.9%
2022	$4,064 +16.8%	$162,790 +14.3%
2021	$3,478 +46.9%	$142,446 +52.2%
2020	$2,368 -0.9%	$93,622
2019	$2,390 +26.1%	$93,622
2018	$1,896	$93,622
2017	$1,896 +20.6%	$93,622
2016	$1,572	$93,622 +2.3%
2015	$1,572	$91,530 +16.2%
2014	$1,572	$78,746
2013	--	$78,746
2012	--	$78,746
2011	--	$78,746
2010	--	$78,746
2009	--	$78,746
2008	--	$78,746 +3.9%
2007	--	$75,798
2006	--	$75,798
2005	--	$75,798
2004	--	$75,798
2003	--	$75,798 +0.9%
2002	$1,860 +2.6%	$75,106
2001	$1,813 +8.1%	$75,106 +7.4%
2000	$1,677	$69,942

Find assessor info on the county website

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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