702 N Commerce St Gainesville, TX 76240
Property details
About 702 N Commerce St
Investor's Dream! 4 Income Producing Properties in Gainesville, TX! Don't miss this rare opportunity to own a package of four fully rented dwellings in one convenient location! This investment portfolio includes the following addresses: 1) 702 N Commerce (Duplex): Side A is a 1 bed, 1 bath unit with 846 sq ft. Side B offers 1 bed, 1 bath with 690 sq ft. 2) 706 N Commerce: A charming single family home featuring 2 bedrooms, 1 bath, and 1,129 sq ft of living space. 3) 706 and Half N Commerce (Garage Apartment): A standalone 1 bed, 1 bath apartment with 780 sq ft, tucked behind 706. 4) 115 Blanton: A cozy 2 bed, 1 bath home offering 863 sq ft. Each property is currently rented, offering immediate and steady income. Whether you're a seasoned investor or just starting your portfolio, this package delivers strong rental potential with options: keep all as a cash flowing bundle or sell individually after purchase. Located near historic downtown Gainesville, these homes are minutes from local shopping, dining, and wineries, making them attractive to tenants seeking charm and convenience. Call today for more details or to schedule a private tour of this unique multi property opportunity!
Highlights
Virtual tour
Summary
- Full Bathrooms: 5
- Appliances: Electric Range
- Flooring Type: Laminate
- Interior: Cable TV
- Total Bedroom Count: 7
- Parking: Common
- Heating: Central
- Cooling: Central Air
- List Price: $599,000
- Annual Tax Amount: $1,863
- Tax Year: 2023
- Directions: Use GPS
- Year Built: 1940
- Lot Size: 0.143 Acres
- MLS Number: 20892601
- MLS Name: NTR
- Office Name: Fathom Realty, LLC
- Listing Agent: BRANDON PARKER
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Last updated on: 5/2/2025, 10:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$599,000
702 N Commerce St
$7,113
closing credit¹
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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 |
|---|---|---|
| 2023 | $91,961 | $1,863 |
| 2022 | $85,581 | $1,863 |
| 2021 | $65,370 | $1,347 |
| 2020 | $55,015 | $1,111 |
| 2019 | $43,926 | $1,024 |
| 2018 | $37,499 | $1,024 |
| 2017 | $35,807 | $977 |
History based on county public records data.
Nearby schools
2
W E Chalmers Elementary School
Public District 2-4
2.5 mi
•600 FM 3092
8
Lindsay Elementary School
Public District PK-6
4.7 mi
•625 Knight Dr
4
Callisburg Elementary School
Public District PK-5
8.1 mi
•648 FM 3164
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 $35,772. The most common annual income of people living in Gainesville, TX is between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have high school diploma education.
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
Family Dollar
Kmart
Where do the neighbors go to eat?
Sonic
Dominos Pizza
Bob Evans
What do the neighbors drive?
Oldsmobile
Ford
Buick
What do the neighbors listen to?
Contemporary Inspirational
New Country- Oldies
Frequently asked questions
About 702 N Commerce St
The listing price of 702 N Commerce St property is $599,000.
The property 702 N Commerce St is a house located in Gainesville, Texas, 76240.
Active Listing: 702 N Commerce St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 702 N Commerce St are: W E Chalmers Elementary School (GreatSchools Rating 2/10), Lindsay Elementary School (GreatSchools Rating 8/10), Callisburg Elementary School (GreatSchools Rating 4/10), Gainesville Jr High School (GreatSchools Rating 3/10), Robert E Lee Intermediate School (GreatSchools Rating 3/10), Callisburg Middle School (GreatSchools Rating 5/10), Gainesville High School (GreatSchools Rating 2/10), Lindsay High School (GreatSchools Rating 9/10), Callisburg High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2023 is $1,863 (source: MLS/based on county public records data).
The property at 702 N Commerce St has 7 bedrooms and 5 bathrooms.
The year of construction for 702 N Commerce St is 1940.
This home is located at 702 N Commerce St in Gainesville, TX and zip code 76240. Features: 7 bedrooms, 5 bathrooms. It has been listed on Rocket Homes since April 3, 2025 and is currently priced at $599,000.
The number of homes for sale in Gainesville, TX increased by 10.6% between March and April 2025. The median list price of listings available in April 2025 was $334,000, while the average time on the real estate market was 90 days.