Selected for the Terner Labs Housing Venture Lab

1351-2 S State Highway 19, Sulphur Springs, TX 75440

Active
Listed 75 days ago
Owner-Occupant Eligible
$2,148,039
Quadplex11,354 sqftListed Aug 29, 2026

A fourplex. Live in one home and rent out the other three. How it works

Live here for about

$15,554a month

We are still working out the rent on this one.

Income to qualify: about $434,000 a year

With how much down?

At 20% down ($429,608) 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 $280,000 of it. See the ten-year math

See which homes fit your numbers
How we work this out

No rent is counted for this home yet, so the cost to live here is the whole loan payment, taxes, insurance and any dues. Income to qualify uses a 43% debt-to-income limit and none of your other debts.

$107,402 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

HIGH-VISIBILITY HEAVY COMMERCIAL CORNER — INCOME NOW, UPSIDE LATER! Rare opportunity to acquire a strategically positioned high-traffic corner property zoned Heavy Commercial, offering the potential for immediate income and significant long-term upside. This offering is for land and improvements only—the existing automotive repair business is tenant-owned and does not convey. All business assets, tools, equipment, inventory, and personal property associated with the automotive operation are excluded from the sale. The property is currently generating income, with the retail or commercial space leased to the automotive repair tenant for storage. The house is vacant, giving the new owner additional flexibility for future use, renovation, leasing, or redevelopment, subject to zoning and applicable regulations. For the investor with vision, this property presents a compelling “income while you plan” opportunity. Maintain the existing rental arrangement while evaluating the highest and best use of this prominent corner. With Heavy Commercial zoning and excellent exposure, the possibilities are extensive. Potential concepts could include a large truck wash, commercial rental facility, retail center, service business, contractor facility, or other high-demand commercial development. The combination of strategic location, existing improvements, current rental income, and substantial redevelopment potential makes this a property worth a serious look. Buy the real estate today, collect income while you plan, and position yourself to capitalize on the future potential of this high-traffic commercial corner. LAND & IMPROVEMENTS ONLY. Automotive repair business, business name, tools, equipment, inventory, and other personal property do NOT convey with the sale

Quadplex

Property Type

511,438 sqft

Lot Size

1954

Year Built

Listing Date: 08/29/2026

Listed by: Janet Martin

Listing office: Janet Martin Realty

Source: NTREIS #21366028

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%
$2,148,039

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$2,148,039
Your Down Payment$429,608
Financed$1,718,431
Estimated Monthly Payment$15,554

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 ($429,608) and 6.0%, 30-year fixed. Your rate and down payment change this.

Current Rent
Estimated Monthly Payment (Before Rental Income)
$15,554/month
Principal + Interest
$10,303
Property Taxes
$3,105
Home Insurance
$2,146
Rental Income (3 Units)
Not yet estimated
Cost to live here
$15,554/month

Payment estimates shown by Series are illustrative only. Final loan terms, monthly payments, and eligibility will be determined by your mortgage loan originator.

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.

NTREIS logo

MLS# 21366028 · Listing office: Janet Martin Realty

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.