318 W Ross Street Gorman, TX $ 120,000
318 W Ross Street
$ 120,000
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318 W Ross Street

Gorman, TX, 76454
$ 120,000
Bedrooms3 Baths2.1 Sq 2,101

Monthly Estimate*

$ 739

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Single Family Home for sale in Gorman, TX

for $120,000 with 3 bedrooms and 2 full baths, 1 half bath. This 2,101 square foot home was built in 1937 on a lot size of 0.264.

**Investor Opportunity in Gorman, Texas!** Bring your vision and unlock the potential of this charming property situated on a corner lot in the quiet community of Gorman, Texas. This home offers solid potential for investors, flippers, landlords, or buyers looking to create value through renovation and updates. The main level features a functional layout with plenty of space to reimagine and modernize, while the second floor includes a flexible bonus area complete with its own bathroom. This versatile space could serve as an additional bedroom, guest suite, office, game room, or rental space, adding to the property's value and appeal. Located on a prominent corner lot in a peaceful small-town setting, the property offers excellent curb appeal potential and plenty of room for improvement. Whether you're looking for your next renovation project, a long-term rental investment, or an affordable property with upside, this home presents an opportunity to build equity and maximize returns. Properties with this much potential at an affordable price point are becoming harder to find. Schedule a showing today and explore the possibilities this Gorman investment opportunity has to offer.

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Single Family Active

Price

$ 120,000

Bedrooms

3

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 2,147

Style

Single Family Residence

Lot Size

0.264

Year Built

1937

Town/City

Gorman

County/Region

Eastland

MLS | Web ID

21297431

Features
Interior
Interior Features Other
Basement Y/N 0
Dining Areas 1
Living Areas 1
Half Baths 1
Total Bedrooms 3
Total Baths 3
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General
Heating Central
Cooling Electric
Utilities City Sewer City Water
Possession Closing/Funding
Appliances Dishwasher Electric Range Refrigerator
School District Gorman ISD
Pool Y/N 0
Year Built 1937
Levels Two
Property Subtype Single Family Residence
Subdivision Name Ot Gorman
Transaction Type For Sale
Occupant Type Owner
County Eastland
Property Type Residential
HOA Type None
Full Baths 2
Status Active
Directions GPS Friendly
City Gorman
Elementary School Name Maxfield
High School Gorman
Elementary School Maxfield
Standard Status Active
Listing Terms Cash Conventional Other
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Exterior
Waterfront 0
Parking Features Carport
Lot Size Less Than .5 Acre (not Zero)
Structural Style Single Detached
Garage Y/N 0
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Internal Only
Street Number 1 318
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* Excluded Features
List By
Riley Dunlap

Listing Agent

Signature Land & Home

Broker

Affordability Calculator

$918
Per Month
81%
19%
0%
Monthly Principal & Interest
$739
Monthly Property Taxes
$179
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% 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
285476 Elementary School
5136257 Middle School
Pricing History
DatePricePrice ChangeDescription
6/10/2026$120,000 Listed Price

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318 W Ross Street, Gorman, TX, 76454 is a Single Family Home for sale at $120,000 with 2,101 sqft and a lot size of 0.264. 318 W Ross Street has 3 bedrooms, 2.1 baths, and was built in 1937. The property's zip code is 76454 which is in Gorman, TX