301 W Commerce Ave Gladewater, TX 75647
Property details
About 301 W Commerce Ave
Prime Investment Opportunity in Downtown Gladewater – Fully Leased 8-Unit Multifamily Property with Expansion Potential! Located just steps from the shops, dining, and charm of historic downtown Gladewater, this exceptional 8-unit apartment complex offers immediate cash flow with exciting future upside. Built in 1932, this two-story property is full of character and has been thoughtfully maintained to appeal to long-term tenants and savvy investors alike. The property features a mix of 1-bedroom and 2-bedroom units, all currently leased, along with on-site laundry facilities, plenty of off-street parking, large storage rooms for tenant use, and RV parking with electrical hookups—providing an additional income stream and appealing to both traveling professionals and extended-stay tenants. An investor’s dream, this property also includes over 4,100 square feet of unused building space, offering a rare opportunity to add value. Whether you’re considering additional residential units, office or retail space, short-term rentals, or tenant amenities, this space gives you the flexibility to grow your investment and increase returns. Situated in a high-demand rental area, this property is a turn-key asset with current occupancy and strong rental appeal—perfect for both seasoned investors and those looking to expand their portfolio. Don’t miss out on this rare opportunity in one of East Texas’s most charming downtown districts—schedule your private tour today!!!
Highlights
Summary
- Total Bedroom Count: 7
- Parking: Paved
- Heating: Electric, Central
- Cooling: Central Air
- List Price: $634,900
- Price/SqFt: $57
- Annual Tax Amount: $5,698
- Tax Year: 2024
- Directions: From 80 E toward Gladewater, Turn left onto N Center-St US-271 N, Turn Right on W Commerce Ave and proceed to 301 W Commerce.
- Year Built: 1932
- Stories: 2
- Living Area: 11,122 SqFt
- Lot Size: 0.73 Acres
- MLS Number: 25008342
- MLS Name: TylerTX
- Office Name: Keller Williams Realty-Tyler
- Listing Agent: Charlotte Williams
Disclaimer: The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) of the Greater Tyler Association of REALTORS Multiple Listing Service. The IDX logo indicates listings of other real estate firms that are identified in the detailed listing information. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This information is deemed reliable, but not guaranteed. Copyright © 2025 Greater Tyler Association of REALTORS® All rights reserved.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
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Last updated on: 6/13/2025, 6:45:33 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$634,900
301 W Commerce Ave
$7,539
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $729,340 | $5,698 |
| 2023 | $527,660 | $4,014 |
| 2022 | $534,400 | $6,390 |
| 2021 | $327,960 | $4,284 |
| 2020 | $360,350 | $9,508 |
| 2019 | $296,510 | $8,161 |
| 2018 | $296,510 | $8,161 |
| 2017 | $309,930 | $8,530 |
History based on county public records data.
Nearby schools
3
Weldon Elementary School
Public District 2-5
0.6 mi
•314 E Saunders St
6
Union Grove Elementary School
Public District PK-6
2.8 mi
•11220 Union Grove Rd
7
White Oak Intermediate School
Public District 3-5
5.1 mi
•200 S White Oak Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $14,788. Typical income of Gladewater, TX residents is less than $<35k annually. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Pro Wrestling
Figure Skating
Extreme Sports
Where do the neighbors shop?
Wal-Mart
Kmart
Stein Mart
Where do the neighbors go to eat?
Sonic
Bob Evans
Dominos Pizza
What do the neighbors drive?
Oldsmobile
Buick
Ford
What do the neighbors listen to?
Contemporary Inspirational- Oldies
Adult Standards
Frequently asked questions
About 301 W Commerce Ave
The listing price of 301 W Commerce Ave property is $634,900.
The property 301 W Commerce Ave is a multi located in Gladewater, Texas, 75647.
Active Listing: 301 W Commerce Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 301 W Commerce Ave are: Weldon Elementary School (GreatSchools Rating 3/10), Union Grove Elementary School (GreatSchools Rating 6/10), White Oak Intermediate School (GreatSchools Rating 7/10), Gladewater Middle School (GreatSchools Rating 6/10), Union Grove Jr High School (GreatSchools Rating 8/10), White Oak Middle School (GreatSchools Rating 7/10), Gladewater High School (GreatSchools Rating 4/10), Union Grove High School (GreatSchools Rating 8/10), White Oak High School (GreatSchools Rating 7/10).
According to the records, the last property tax for 2024 is $5,698 (source: MLS/based on county public records data).
The property 301 W Commerce Ave is 11,122 SqFt (source: MLS/tax record).
The year of construction for 301 W Commerce Ave is 1932.
This home is located at 301 W Commerce Ave in Gladewater, TX and zip code 75647. This 11,122 square foot home, which was built in 1932, sits on a 0.73 acre lot. Features: 7 bedrooms, 6 bathrooms. It has been listed on Rocket Homes since June 2, 2025 and is currently priced at $634,900.
While more than 0 listings in Gladewater, TX in May 2025 were sold above asking price, there were more than 5 listings sold at asking price, and more than 9 were sold below. The number of listings in Gladewater, TX increased by 11.5% between April and May 2025. In May 2025, listings were on the market for 218 days. During the same period, the median list price in this real estate market was $223,500.