
Residential Land with Home for Sale in Gainesville, Texas
1546 County Road 123, Gainesville, TX 76240
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.
Location
- Street address
- 1546 County Road 123
- County
- Cooke County
- Community
- French M
- Elevation
- 863 feet
Directions
From Gainesville, East on US 82 toward Oak Ridge. South on CR 123 (also Tabernacle Road). Property will be on the left. Sign on lot.
Property details
- Acreage
- 3.291 acres
- MLS #
- NTREIS 21059888
- Posted
Parcels
- 25657
Legal description
FRENCH M 0380 ACRES 3.291 LABEL# MD*0007096 C
Resources
Details and features
Listing
- Type
- Residential Multi Family
Exterior
- Parking
- Driveway, Open
- Fencing
- Fenced
- Features
- Fence
Structure
- Stories
- 1
- Heating
- Central, Fireplace(s)
- Cooling
- Ceiling Fan(s), Central Air, Electric, Multi Units, Window Unit(s)
- Materials
- Aluminum Siding
- Roof
- Composition
Interior
- Rooms
- Bathroom x 3, Bedroom x 5
- Flooring
- Linoleum
- Appliances
- Range
- Features
- High Speed Internet Available
Nearby schools
| Name | Level | District | Description |
|---|---|---|---|
| Chalmers | Elementary | — | — |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Sept 27, 2025 | New listing | $450,000 | — | NTREIS |