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206 S Gaines Street, 
Ennis, TX 75119

$125,500


4

Beds


3

Baths


2,924

Sq Ft


Single Family

Pending

Listed by

Terri Chase

Lpt Realty LLC.

Last updated:

January 2, 2026, 08:26 AM

MLS#

20938645

Source:

GDAR

About This Home

206 S Gaines Street

Investor Special – Major Rehab Opportunity, 2,995 Sq Ft Attention seasoned investors and experienced rehabbers – this is the project you've been waiting for. This 2,995 sq ft home is a full-scale renovation opportunity with significant potential for those ready to take on a serious challenge. The property is in major disrepair and requires comprehensive structural and systems work. The roof needs to be completely replaced, the foundation shows signs of instability and will need extensive repairs, and the city has turned off the water due to a significant leak, meaning a full plumbing replacement is required. Inside, there are multiple ceiling leaks and visible water damage. Additionally, the electrical system is outdated and does not meet current code—rewiring will be necessary. This property is suited for professionals with experience in foundation work, roofing, plumbing, and full-scale renovations. Located in a neighborhood with strong comps and redevelopment activity, this home offers the right buyer the chance to bring a distressed property back to life and capture substantial value on the back end. No utilities active.

Home Facts

Single Family

3 Baths

4 Bedrooms

Built in 1940

Price Summary

125,500

$42 per Sq. Ft.

MLS #:

20938645

Last Updated:

January 2, 2026, 08:26 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

4

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,924 Sq. Ft.


Structure

Structure

Architectural Style:

Traditional

Building Area:

2,924 Sq. Ft.

Year Built:

1940


Lot

Lot Size (Sq. Ft):

17,249


Finances & Disclosures

Finances

Price:

$125,500

Price per Sq. Ft:

$42 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated January 2, 2026 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Apex, Realtors.

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Contact an Agent

Yes, I would like more information. Please use and/or share my information with a Coldwell Banker ® affiliated agent to contact me about my real estate needs. By clicking Contact, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a Coldwell Banker affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (BHGRE®, CENTURY 21®, Corcoran®, ERA®, or Sotheby's International Realty®). I acknowledge that I have read and agree to the terms of use and privacy notice.