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1546 County Road 123
Gainesville TX 76240 US

$450,000

Active Listing ID 21059888
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5 bed
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3.00 Bath (3 Full)
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Lot: 3.29 Acres
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Other

$450,000

Active Listing ID 21059888
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1546 County Road 123 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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Property Features

  • Facts
  • Lot Size: 3.29 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Full Bathrooms: 3
  • Cooling System: Ceiling Fan(s), Central Air, Electric, Multi Units, Window Unit(s)
  • Exterior Finish: Fence
  • Floor Covering: Linoleum
  • Roof Type: Composition
  • Heating Fuels: Central, Fireplace(s)
  • Additional Features
  • Fireplace

School Information

  • School
  • Chalmers(Elementary)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 450000
  • unparsedaddress: 1546 County Road 123
  • postalcity: Gainesville
  • stateorprovince: TX
  • country: US
  • postalcode: 76240
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 3.291
  • lotsizeunits: Acres
  • lotsizearea: 3.291
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 33.64162945
  • longitude: -97.06870312
  • listagentfullname: Terri Mccutcheon
  • listagentemail: terri@talleyandco.com
  • listagentkey: 3yd-NTREIS-0643865
  • listagentmlsid: 0643865
  • listagentpreferredphone: 2547186791
  • listagentofficephone: 2547186791
  • listofficekey: 3yd-NTREIS-TALY01
  • listagentstatelicense: 0643865
  • listofficemlsid: TALY01
  • disclaimer: Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 1998
  • listagenturl: https://terri.talleyandco.com/
  • countyorparish: Cooke
  • parcelnumber: 25657
  • elementaryschool: Chalmers
  • appliances: Range
  • cooling: Ceiling Fan(s), Central Air, Electric, Multi Units, Window Unit(s)
  • constructionmaterials: Aluminum Siding
  • flooring: Linoleum
  • heating: Central, Fireplace(s)
  • fireplaceyn: True
  • transactiontype: ForSale
  • storiestotal: 1
  • parkingtotal: 0
  • parkingfeatures: Driveway, Open
  • roof: Composition
  • waterfrontyn: False
  • interiorfeatures: High Speed Internet Available
  • exteriorfeatures: Fence
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -97.0687, 33.64163
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Talley and Company, LTD", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"terri@talleyandco.com", "ListBrokerageCity":"Dallas", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Talley and Company, LTD", "ListBrokeragePhone":"(254) 718-6791", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"12740 Hillcrest Rd. Suite 205", "ListBrokerageWebsiteUrl":"http://www.talleyandco.com", "ListOfficeAddress1":"8914 Hames Rd", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"0486752", "ListOfficeCity":"Pilot Point", "ListOfficeCountry":"US", "ListOfficeEmail":"matt@mdtinvestments.com", "ListOfficePostalCode":"76258", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"Multiple Single Units - Gainesville, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1546-County-Road-123_Gainesville_TX_76240_M74484-97579?f=listhub&s=NTREIS&m=21059888&c=rexren", "MLSModificationTimestamp":"2025-09-27T02:10:04Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Multiple Single Units", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/8/2025 4:52:02 PM GMT
Source Updated Date: 12/6/2025 6:55:43 PM GMT

Courtesy of: Terri Mccutcheon, Talley and Company, LTD, terri@talleyandco.com

Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.