Tour
$3,563 Closing Credit¹
#20951800, Cheryl Doty, Listing office: Compass RE Texas, LLC
$599,000 List price
706 N Commerce St Gainesville, TX 76240
$7,113
Closing credit¹
2 beds
1 full
1,488 sqft
0.1 acres
$403 / sqft
House
Property details
About 706 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
Home typeSingle Family Residence
HeatingCentral
StatusActive
CoolingCentral Air
Size1,488 sqft
Lot size0.143 Acres
Year built1940
ParkingCommon
MLS #20890542
Virtual tour
Summary
- Full Bathrooms: 1
- Appliances: Electric Range
- Basement: No
- Flooring Type: Laminate
- Interior: Cable TV
- Total Bedroom Count: 2
- Parking: Common
- Architectural Style: Detached
- Heating: Central
- Cooling: Central Air
- List Price: $599,000
- Price/SqFt: $402
- Annual Tax Amount: $1,585
- Tax Year: 2023
- Directions: Use GPS
- Year Built: 1940
- Living Area: 1,488 SqFt
- Lot Size: 0.143 Acres
- MLS Number: 20890542
- MLS Name: NTR
- Office Name: Fathom Realty, LLC
- Listing Agent: BRANDON PARKER
©2025 North Texas Real Estate Information Systems. All rights reserved. The database information herein is provided from and copyrighted by the North Texas Real Estate Information Systems, Inc. NTREIS data may not be reproduced or redistributed and is only for people viewing this site. All information provided is deemed reliable but is not guaranteed and should be independently verified. The advertisements herein are merely indications to bid and are not offers to sell which may be accepted. All properties are subject to prior sale or withdrawal. All rights are reserved by copyright.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 6/14/2025, 2:45:30 AM 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
706 N Commerce St
$7,113
closing credit¹
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0.5% sale price²
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 | $78,489 | $1,585 |
| 2022 | $72,850 | $1,585 |
| 2021 | $56,676 | $1,193 |
| 2020 | $48,709 | $930 |
| 2019 | $36,751 | $865 |
| 2018 | $31,678 | $865 |
| 2017 | $30,235 | $825 |
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. Residents of Gainesville, TX typically earn between $35k-100k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
48%
<35k
52%
35k-100k
0%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
40%
Single, No Kids
18%
Single, with Kids
21%
Married, No Kids
21%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
23%
<11 yrs old
8%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
9%
65+ yrs old
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
All data provided by Home Junction and Claritas
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Frequently asked questions
About 706 N Commerce St
The listing price of 706 N Commerce St property is $599,000.
The property 706 N Commerce St is a house located in Gainesville, Texas, 76240.
Active Listing: 706 N Commerce St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 706 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 $1,585 (source: MLS/based on county public records data).
The property at 706 N Commerce St has 2 bedrooms and 1 bathroom.
The property 706 N Commerce St is 1,488 SqFt (source: MLS/tax record).
The year of construction for 706 N Commerce St is 1940.
This home is located at 706 N Commerce St in Gainesville, TX and zip code 76240. This 1,488 square foot home, which was built in 1940, sits on a 0.14 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since April 8, 2025 and is currently priced at $599,000.
Between April and May 2025, Gainesville, TX real estate market has seen increase in the number of listings by 3.7%. Listings spent 85 days on the market in May 2025, and had a median list price of $343,460 during the same period.
From Rocket Homes Real Estate and based on county public records data.