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1546 County Road 123, 
Gainesville, TX 76240

$450,000


5

Beds


3

Baths


2,256

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Terri Mccutcheon

Talley And Company, Ltd

Last updated:

October 5, 2025, 11:45 AM

MLS#

21059888

Source:

GDAR

About This Home

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.

Home Facts

Multi-Family

3 Baths

5 Bedrooms

Built in 1998

Price Summary

450,000

$199 per Sq. Ft.

MLS #:

21059888

Last Updated:

October 5, 2025, 11:45 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

5

Bathrooms

Total Bathrooms:

3

Full Bathrooms:

3

Interior

Living Area:

2,256 Sq. Ft.


Structure

Structure

Building Area:

2,256 Sq. Ft.

Year Built:

1998


Lot

Lot Size (Sq. Ft):

143,355


Finances & Disclosures

Finances

Price:

$450,000

Price per Sq. Ft:

$199 per Sq. Ft.

MLS Logo
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated October 5, 2025 Listings with the NTREIS logo are listed by brokerages other than Coldwell Banker Realty.

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Contact an Agent

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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.