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1546 County Road 123 Gainesville, TX $ 450,000
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$ 450,000 Get more info
1546 County Road 123
$ 450,000
Back to search
Share Save

1546 County Road 123

Gainesville, TX, 76240
$ 450,000
Bedrooms5 Baths3.0

Monthly Estimate*

$ 2,807

1546 County Road 123, Gainesville, TX 76240 - Image 1
1546 County Road 123, Gainesville, TX 76240 - Image 2
1546 County Road 123, Gainesville, TX 76240 - Image 3
1546 County Road 123, Gainesville, TX 76240 - Image 4
1546 County Road 123, Gainesville, TX 76240 - Image 5
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Multi-Family Home for sale in Gainesville, TX

for $450,000 with 5 bedrooms and 3 full baths. This home was built in 1998 on a lot size of 3.291.

Peaceful country acreage lot with 2 income producing homes just minutes from Gainesville. This charming property offers the best of both worlds—quiet country living with convenient access to town, major highways, and shopping. This property would be ideal for a custom home site at the back while maintaining an income producing property at the road frontage. The homes are located on a spacious lot with a small pond, a 1200SF barn and small storage structures, mature trees at the back, partially fenced, and separate driveway access for the homes. Home at the front of the property is a 2 bedroom pier and beam, with a recent laundry room slab addition. Home at the rear is a manufactured home with 3 bedrooms and tenant provides all maintenance and repairs at current lease rate. Located in Cooke County, this property has no city taxes, provides easy access to Gainesville schools, dining, and amenities, while still delivering the privacy and tranquility of country living. Each home has separate meters for water and electric service. With its blend of space and potential, this property is ideal for those seeking rental income with potential for future development or a future acreage homesite.

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Multi-Family Active

Price

$ 450,000

Bedrooms

5

Full Bath

3

Property Type

Multi-Family

Taxes

$ 3,299

Style

Multiple Single Units

Lot Size

3.291

Year Built

1998

Town/City

Gainesville

County/Region

Cooke

MLS | Web ID

21059888
Features
Interior
Interior Features High Speed Internet Available
Flooring Linoleum
Basement Y/N 0
Total Units 2
Total Bedrooms 5
Total Baths 3
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General
Heating Central
Complex Name N/A
Cooling Ceiling Fan(s) Central Air Electric Window Unit(s)
Utilities Aerobic Septic Co-op Water
Possession Closing/Funding
Roof Composition
Appliances Electric Range
Number of Garage Spaces 0
School District Gainesville ISD
Pool Y/N 0
Year Built 1998
Levels One
Property Subtype Multiple Single Units
Subdivision Name French M
Occupant Type Tenant
County Cooke
Property Type Residential Income
Construction Materials Aluminum Siding Siding
Year Built Details Preowned
Accessory Unit Y/N N
HOA Type None
# of Buildings 2
Full Baths 3
Status Active
Directions From Gainesville East on US 82 toward Oak Ridge. South on CR 123 (also Tabernacle Road). Property will be on the left. Sign on lot.
City Gainesville
Elementary School Name Chalmers
High School Gainesvill
Elementary School Chalmers
Standard Status Active
Junior High School Gainesvill
Listing Terms Cash Conventional Owner Will Carry
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Exterior
Waterfront 0
Lot Features Acreage
Fencing Barbed Wire Partial Pipe
Lot Size Source Assessor
Parking Features Additional Parking Aggregate Circular Driveway Driveway On Site Open
Lot Size 3 to < 5 Acres
Foundation Pillar/Post/Pier Slab
Building Area Total 2256.00
Garage Y/N 0
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Internal Only
Street Number 1 1546
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* Excluded Features
List By
Terri Mccutcheon

Listing Agent

Talley And Company, Ltd

Broker

Affordability Calculator

$3,082
Per Month
91%
9%
0%
Monthly Principal & Interest
$2,807
Monthly Property Taxes
$275
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
288432 Elementary School
3676646 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
9/27/2025 $450,000 Listed Price

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1546 County Road 123, Gainesville, TX, 76240 is a Multi-Family Home for sale at $450,000 with a lot size of 3.291. 1546 County Road 123 has 5 bedrooms, 3.0 baths, and was built in 1998. The property's zip code is 76240 which is in Gainesville, TX

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