1546 COUNTY ROAD 123, GAINESVILLE, TX 76240
Homes for sale in Gainesville.
Homes for sale in 76240.
1546 County Road 123
Gainesville, TX 76240
List Price$450,000
Listing #21059888
About This Property
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.
Property Features
Location Information
County
Cooke
Subdivision
French M
Interior Features
Interior
High Speed Internet
Cooling
Central Air, Ceiling Fan(s), Electric, Window Unit(s)
Full Baths
3
Floors
Linoleum
Has Fireplace
Yes
Appliances
Electric Range
Number of Fireplaces
1
Total Number of Units
2
Heating
Central
Exterior Features
Stories
1
Pool Description
None
Construction
Aluminum Siding
Lot Description
Acreage
Foundation
Pillar/Post/Pier, Slab
Lot Size in Acres
3.291
Roof
Composition
Lot Size in Sq. Ft.
143,355
Water / Sewer
Septic Available, Water Available
Buildings
2
Utilities
Septic Available, Water Available
Building Total Area (Sq. Ft.)
2,256
Parking Description
Additional Parking, Aggregate, Circular Driveway, Driveway, On Site, Open
Is One Story
Yes
Garage Spaces
0
Lot Description
Acreage
Fencing
Barbed Wire, Partial, Pipe
School
Elementary School District
Gainesville ISD
High School
Gainesvill
Elementary School
Chalmers
Additional Information
Year Built Details
Preowned
Has a Home Owners Association
No
Property Type
RI
Tax Annual Amount
3299.0
Year Built
1998
Lot Acres Source
Assessor
Status
Active
Similar Listings
Mortgage Calculator
$2,101
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$1,621
Monthly Tax
$375
Monthly Insurance
$105
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Terri Mccutcheon, Talley and Company, LTD
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NTREIS - North Texas data last updated at February 13, 2026, 6:34 PM CT
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