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1501 Elizabeth Street, 
Gainesville, TX 76240

$89,000


3

Beds


2

Baths


1,148

Sq Ft


Single Family


Virtual Tour

Active

Listed by

Salomon Gamero

Pinnacle Realty Advisors

Last updated:

August 3, 2025, 11:46 AM

MLS#

21008828

Source:

GDAR

About This Home

1501 Elizabeth Street

Investor Special! This 3-bedroom, 2-bath home sits on a large lot and offers incredible potential for the right buyer. The property needs TLC and a full rehab but has strong bones and a layout ideal for adding value. The existing carport can be converted into a second master suite, increasing the home to a 4-bedroom, 3-bath layout with approximately 1,400+ sq ft of living space. With plenty of room to expand and customize, this is a great opportunity for flippers, landlords, or anyone looking for a value-add project. Priced below all comps in the area, this home is perfect for a rental portfolio or resale. Sold As Is. Don’t miss out on this opportunity in a fast-growing market!

Home Facts

Single Family

2 Baths

3 Bedrooms

Built in 1954

Price Summary

89,000

$77 per Sq. Ft.

MLS #:

21008828

Last Updated:

August 3, 2025, 11:46 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

3

Bathrooms

Total Bathrooms:

2

Full Bathrooms:

2

Interior

Living Area:

1,148 Sq. Ft.


Structure

Structure

Building Area:

1,148 Sq. Ft.

Year Built:

1954


Lot

Lot Size (Sq. Ft):

9,452


Finances & Disclosures

Finances

Price:

$89,000

Price per Sq. Ft:

$77 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 3, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Richland Chambers Realty.

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By clicking Contact I agree a Coldwell Banker Agent may contact me by phone or text message including by automated means and prerecorded messages about real estate services, and that I can access real estate services without providing my phone number. I acknowledge that I have read and agree to the Terms of Use and Privacy Notice.