Active
2 units4 bd2 ba1,890 sqft
Cost to live here
$0/moafter $1,507/mo in rent
Income to qualify: about $17,000 a year, rent counted
At 20% down, 30-year fixed. From 3.5% down.
$119,500•Duplex
2208 Washington Street A, Commerce, TX 75428
1309 Park Street, Commerce, TX 75428
Active
Listed 173 days agoOwner-Occupant Eligible
About $0 a month to live here, after the rent from the other homes.
Quadplex3,000 sqft7 beds4 bathsListed May 23, 2026
A fourplex. Live in one home and rent out the other three. How it works
Live here for about
$0a month
The other homes rent for $3,000, which covers the $1,591 monthly payment on these estimates.
Income to qualify: about $17,000 a year
With how much down?
At 20% down ($25,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Get rich slow: keep this loan ten years and the payments pay off about $16,000 of it. See the ten-year math
How we work this out
The cost to live here is the loan payment, taxes, insurance and any dues, less the rent, with a little held back for repairs and an empty month. Income to qualify uses a 43% debt-to-income limit, counts 75% of the rent, and none of your other debts.
$6,250 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own
ABOUT THIS HOME
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.
Quadplex
Property Type
18,687 sqft
Lot Size
1940
Year Built
Listing Date: 05/23/2026
Listed by: Ted Laramore
Listing office: eXp Realty, LLC
Source: NTREIS #21280035
Series Homes is committed to full compliance with the Fair Housing Act and the Equal Credit Opportunity Act.
CHOOSE YOUR UNIT
Tap the one you would live in. The rest pay rent, and that rent comes off your monthly cost.
If someone lives in the unit you want, or a lease comes with the home, ask how moving in works on this one.
CHECK OUR MATHEvery line of the monthly cost is in here. Change the price or the down payment and watch it move.
OFFER PRICE
Change your offer and watch the monthly cost move.
Purchase Price
-15%
$125,000
+15%List Price
FINANCIALS
How much do you want to put down?
Purchase price$125,000
Your Down Payment$25,000
Financed$100,000
Estimated Monthly Payment$1,591
Before rent: principal and interest at 6.0% on a 30-year fixed loan, taxes, insurance and any HOA dues. Your rate and down payment change this.
MONTHLY BREAKDOWN
Estimate at 20% down ($25,000) and 6.0%, 30-year fixed. Your rate and down payment change this.
Estimated Monthly Payment (Before Rental Income)
$1,591/month
Principal + Interest
$600Property Taxes
$343Home Insurance
$648Rental Income (3 Units)
$3,000/month
From the listing description.
Rental Expenses
-$585Cost to live hereCost to live here, after rent
$-824/month
Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.
LOCATION
BEFORE YOU OFFER
Now run it on your paycheck.
This page is priced at one down payment and one rate. Send the address and we run it at yours: what you would pay each month after rent, and which loan works on this home.
Free. No credit pull.
MLS# 21280035 · Listing office: eXp Realty, LLC
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the NTREIS Multiple Listing Service. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.
