318 W ROSS STREET, GORMAN, TX 76454
Homes for sale in Gorman.
Homes for sale in 76454.
List Price$120,000
318 W Ross Street
Gorman, TX 76454
Listing #21297431
About This Property
**Investor Opportunity in Gorman, Texas!** Bring your vision and unlock the potential of this charming property situated on a corner lot in the quiet community of Gorman, Texas. This home offers solid potential for investors, flippers, landlords, or buyers looking to create value through renovation and updates. The main level features a functional layout with plenty of space to reimagine and modernize, while the second floor includes a flexible bonus area complete with its own bathroom. This versatile space could serve as an additional bedroom, guest suite, office, game room, or rental space, adding to the property's value and appeal. Located on a prominent corner lot in a peaceful small-town setting, the property offers excellent curb appeal potential and plenty of room for improvement. Whether you're looking for your next renovation project, a long-term rental investment, or an affordable property with upside, this home presents an opportunity to build equity and maximize returns. Properties with this much potential at an affordable price point are becoming harder to find. Schedule a showing today and explore the possibilities this Gorman investment opportunity has to offer.
Property Features
Location Information
County
Eastland
Subdivision
Ot Gorman
Interior Features
Rooms
Second Floor Bedroom, First Floor Bedroom, First Floor Living Room, First Floor Primary Bedroom
Has Fireplace
No
Interior
Other
Number of Fireplaces
0
Master Bedroom Description
10 x 10
Heating
Central
Full Baths
2
Cooling
Electric
1/2 Baths
1
Appliances
Dishwasher, Electric Range, Refrigerator
Living Room Description
20 x 15
Exterior Features
Style
Detached
Pool Description
None
Stories
2
Lot Size in Acres
0.264
Utilities
Sewer Available, Water Available
Lot Size in Sq. Ft.
11,499
Parking Description
Carport
Is One Story
No
Garage Spaces
2
School
Elementary School District
Gorman ISD
Jr. High School
Gorman
Elementary School
Maxfield
High School
Gorman
Additional Information
Property Type
SFR
Status
Active
Property SubType 2
House
Has a Home Owners Association
No
Property SubType
Single Family Residence
Tax Annual Amount
2147.0
Year Built
1937
Similar Listings
Mortgage Calculator
$560
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$432
Monthly Tax
$100
Monthly Insurance
$28
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
Riley Dunlap, Signature Land & Home

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NTREIS - North Texas data last updated at June 10, 2026, 7:08 PM CT
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