Selected for the Terner Labs Housing Venture Lab

1416 S Travis Street, Sherman, TX 75090

Active
Listed 27 days ago
Owner-Occupant Eligible
$360,000

About $1,063 a month to live here, after the rent from the other homes.

Triplex2,700 sqft6 beds3 bathsListed Oct 16, 2026

A triplex. Live in one home and rent out the other two. How it works

Live here for about

$1,063a month

The other homes rent for $2,200. We hold back $429 of that for repairs and an empty month, and the rest goes toward a $2,834 monthly payment.

Income to qualify: about $59,000 a year

With how much down?

At 20% down ($72,000) 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 $47,000 of it. See the ten-year math

See which homes fit your numbers
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.

$18,000 minimum down payment. The cost above is at 20% down, and at the minimum it is higher. Set your own

ABOUT THIS HOME

Rare triplex opportunity in Sherman featuring three separate units with three separate electric meters on a .2296-acre lot. This 1920s home blends historic character with major updates, including a new roof and new siding installed in 2026. Every unit comes equipped with an electric range and oven, microwave, and refrigerator, making it move-in ready for tenants or owner-occupants. The first unit offers 1 bedroom, 1 bath, an eat-in kitchen, and a covered front porch. The second unit features 2 bedrooms, 1 bath, a living room, an eat-in kitchen, and its own covered front porch. The upstairs unit includes 3 spacious bedrooms, 1 bath, a laundry area, an eat-in kitchen open to the living and dining areas, and a small second-story patio. Outside, you'll find a large fenced backyard, two driveways with room for up to 6 vehicles, and plenty of on-street parking. The home sits on a pier and beam foundation. Separate electric meters allow each unit to be billed individually, and utilities are tenant-paid, keeping owner operating costs low. Set on South Travis Street in the established M B Moore Addition, the property is tucked into a residential neighborhood yet just minutes from US-75, historic downtown Sherman with its restaurants, shops, and events, Austin College, and Sherman's growing semiconductor corridor, home to major new investments from Texas Instruments and GlobalWafers. Whether you're looking to add an income-producing property to your portfolio, live in one unit while renting the others, or restore a piece of Sherman's history, this triplex offers flexibility and long-term potential.

Triplex

Property Type

10,019 sqft

Lot Size

1920

Year Built

Listing Date: 10/16/2026

Listed by: Anna Wagers

Listing office: Regal, REALTORS

Source: NTREIS #21411061

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%
$360,000

List Price

+15%

FINANCIALS

How much do you want to put down?

Purchase price$360,000
Your Down Payment$72,000
Financed$288,000
Estimated Monthly Payment$2,834

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 ($72,000) and 6.0%, 30-year fixed. Your rate and down payment change this.

Estimated Monthly Payment (Before Rental Income)
$2,834/month
Principal + Interest
$1,727
Property Taxes
$540
Home Insurance
$567
Rental Income (2 Units)
$2,200/month

From the listing description and market rates for this unit's size.

Rental Expenses
-$429
Cost to live here
$1,063/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# 21411061 · Listing office: Regal, REALTORS

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.