About This Home

This 7-bedroom, 4-bathroom multi-family at 1309 Park Street in Commerce, TX is listed for $125,000 ($42 per sqft). Built in 1940, the home offers 3,000 sqft of living space on a 0.43 acres lot.

Key Features

Built in 1940
0.43 acre lot
8 parking spaces

Property Details

1 story

4 full

8 spaces

1940

Listing Description

Investor special in the heart of rapidly growing Commerce, TX. This approximately 3,000 sq ft 4-plex features one 3 bed, 1 bath unit and three 1 bed, 1 bath units. The property has been completely gutted to the studs and will require a full renovation, making it unsuitable for conventional financing.

Located near East Texas A&M University and within an area experiencing major redevelopment and revitalization, this property offers exceptional upside potential. Whether you choose to renovate the existing structure or start fresh with new development, the opportunity is there. Perfect for investors, builders, or developers looking to capitalize on the growth and transformation happening throughout Commerce.

Monthly Cost Estimate

$669/mo

20% down · 6.5% · 30 years

Principal$90

Interest$542

Insurance$36

Estimates only. Actual payments may vary.

Location

1309 Park Street

Commerce, TX 75428

Orig Town Of Commerce

Property Details

Construction

Frame WoodSiding

Outdoor Features

Porch

Parking

Driveway

Questions & Answers

This 7-bedroom, 4-bathroom multi-family at 1309 Park Street is listed at $125,000 ($42/sqft). The estimated monthly payment is $668 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1940, 0.43 acre lot, 8 parking spaces.

This property is listed by Ted Laramore.

Ted Laramore

Agent at eXp Realty, LLC

1309 Park Street, Commerce, TX 75428

About This Home

Key Features

Property Details

Monthly Cost Estimate

Location

Property Details

Construction

Outdoor Features

Parking

Questions & Answers

Ted Laramore