405 W Gilbert St

$575,000
Price
—
Beds
—
Baths
4,954 Sq. Ft.
$116 / Sq. Ft.
4,954
Sq. Ft.
$116
per Sq. Ft.

Description

This 1906 residence, masterfully renovated in 2023, spans approx 4954 sqft with 8 bedrooms, and 8 bathrooms (6 full, 2 half). Located on a corner lot one block from town square, this property offers the perfect balance of small-town charm and accessibility, a lucrative draw for both short-term stays and special events. Each bedroom has been meticulously designed with a unique theme, offering guests a stay that's both memorable and Instagram-worthy. This turnkey investment showcases high-end appliances...This 1906 residence, masterfully renovated in 2023, spans approx 4954 sqft with 8 bedrooms, and 8 bathrooms (6 full, 2 half). Located on a corner lot one block from town square, this property offers the perfect balance of small-town charm and accessibility, a lucrative draw for both short-term stays and special events. Each bedroom has been meticulously designed with a unique theme, offering guests a stay that's both memorable and Instagram-worthy. This turnkey investment showcases high-end appliances and negotiable furniture. The 2023 - taken to the studs - property renovation included extensive plumbing and electrical upgrades throughout make this 1906 charmer feel practically new. Dual parking lots are a premium asset for event hosting and increased guest capacity. Located along US Hwy 287 18 miles east of Wichita Falls, 100 miles from Fort Worth, and 150 miles from OKC. Proximity to Lake Nocona (38 miles) adds to recreational appeal, broadening attractiveness to a diverse range of guests. More than a piece of history; this is a high-potential business waiting to flourish!
  1. Listed by Summer Mills • TREC #0495545 • Assent Real Estate, Inc • 940-692-5600

Property Details for 405 West Gilbert Street

Subdivision Name
Original Town
Pool
No
Number Of Parking Spaces
16
LISTING UPDATED: 11/07/2025 01:04 PM

Property Details for 405 West Gilbert Street

StatusActive
MLS #21089226
Days on Market73
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Multiple Single Units
Year Built1906
Lot Size0.48 AC / 20,899 SF
CountyClay County

Location

Listing Courtesy of Assent Real Estate, Inc, Summer Mills
Add your commute

Building Information for 405 West Gilbert Street

Stories2Residences2Year Built1906Building Size-Lot Size0.48 AC / 20,899 SF

Payment Calculator

$3,119 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,841

Property Taxes

$278

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 405 West Gilbert Street

Summary
Location and General Information
  • Complex Name: 405 W Gilbert
  • Directions: US Highway 287 to Henrietta, TX. W Omega, north on S Archer. Located on the corner of S Archer St and W Gilbert St.
  • Elementary School: Henrietta
  • Elementary School Name: Henrietta
  • High School: Henrietta
  • High School Name: Henrietta
  • Junior High School: Henrietta
  • Year Built Details: Preowned
  • School District: Henrietta ISD
  • Geocode Confidence: High
  • Latitude: 33.82
  • Longitude: -98.20
  • State: Texas
Parking
  • Parking Features: Asphalt, Boat, Driveway, Garage, Garage Double Door, Garage Faces Side, Parking Lot, RV Access/Parking
Taxes and HOA Information
  • Tax Legal Description: NE CORNER OF BLK 33 OT HENRIETTA & WESTERN ADN
  • Association Type: None
Virtual Tour
Interior and Exterior Features
Interior Features
  • Flooring: Carpet, Ceramic Tile, Hardwood, Luxury Vinyl Plank
  • Heating: Central, Fireplace(s), Natural Gas, Other
  • Interior Features: Built-in Features, Natural Woodwork
  • Appliances: Commercial Grade Range, Dishwasher
  • Cooling: Ceiling Fan(s), Central Air, Electric, Other
  • Smart Home Features Appor Pass Y: Yes
Exterior Features
  • Building Area Source: Owner
  • Construction Materials: Vinyl Siding
  • Foundation Details: Pillar/Post/Pier
  • Number Of Stories: 2
  • Roof: Composition
  • Waterfront: No
  • Number Of Units Total: 2
  • Levels: Two
Property
Utilities
  • Utilities: City Sewer, City Water, Electricity Connected, Natural Gas Available
Property and Assessments
  • Accessibility Features: Accessible Approach with Ramp
  • Exclusions: All furniture in apartment, 4 paintings, hot tub.
  • Financing Proposed: Cash, Conventional, FHA, VA Loan
  • Handicap: Yes
  • Loan Type: Treat As Clear
  • Security Features: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Property Match: Address
Lot Information
  • Lot Features: Corner Lot
  • Lot Size: Less Than .5 Acre (not Zero)
  • Lot Size Acres: 0.4798
  • Lot Size Area: 20899.2
  • Lot Size Source: Assessor
  • Lot Size Units: Square Feet
  • Lot Size Square Feet: 20899.2
  • Multi Parcel ID: No
  • Parcel Number: 10171
Multi Family
Multi-Family Information
  • Number Of Buildings: 2
  • Capitalization Rate: .00%
  • Gross Annual Expenses: $0
  • Gross Annual Income: $0
  • Insurance Expense: $0
  • Net Operation Income: $.00
Unit 1
  • Approximate SQFT: 4634.0
  • Average Lease Amount: $4,500.00
  • Living Area Length: 17.0
  • Living Area Width: 20.0
  • Unit Type Type: 4 Bedroom Or More
  • Unit Type Units Total: 1
Unit 2
  • Approximate SQFT: 780.0
  • Average Lease Amount: $1,200.00
  • Living Area Length: 15.0
  • Living Area Width: 15.0
  • Unit Type Type: Manager's Unit
  • Unit Type Units Total: 1

Property History for 405 West Gilbert Street

DateEvent & SourcePriceAppreciation
Nov 7, 2025

Price Change

NTREIS #21089226

$575,000—
Oct 16, 2025

Listed (Active)

NTREIS #21089226

$595,000—
Feb 23, 2025

Expired

NTREIS #20735608

—
Dec 4, 2024

Expired

NTREIS #20745248

—
Oct 3, 2024

Listed (Active)

NTREIS #20745248

$730,000—
Oct 2, 2024

Withdrawn

NTREIS #20735608

—
Sep 22, 2024

Listed (Active)

NTREIS #20735608

$730,000—
Sep 21, 2024

Withdrawn

NTREIS #20714240

—
Sep 18, 2024

Price Change

NTREIS #20714240

$730,000—
Sep 5, 2024

Price Change

NTREIS #20714240

$740,000—
Aug 9, 2024

Listed (Active)

NTREIS #20714240

$750,000—
Jun 24, 2024

Expired

NTREIS #20587423

—
Apr 14, 2024

Listed (Active)

NTREIS #20587423

$875,000—
DateEvent & SourcePrice
11/07/2025

Price Change

NTREIS #21089226

$575,000
10/16/2025

Listed (Active)

NTREIS #21089226

$595,000
02/23/2025

Expired

NTREIS #20735608

—
12/04/2024

Expired

NTREIS #20745248

—
10/03/2024

Listed (Active)

NTREIS #20745248

$730,000
10/02/2024

Withdrawn

NTREIS #20735608

—
09/22/2024

Listed (Active)

NTREIS #20735608

$730,000
09/21/2024

Withdrawn

NTREIS #20714240

—
09/18/2024

Price Change

NTREIS #20714240

$730,000
09/05/2024

Price Change

NTREIS #20714240

$740,000
08/09/2024

Listed (Active)

NTREIS #20714240

$750,000
06/24/2024

Expired

NTREIS #20587423

—
04/14/2024

Listed (Active)

NTREIS #20587423

$875,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 405 West Gilbert Street

Taxable ValueLand$11,580Additions$517,670Total$529,250
Tax Record2025$3,330 ($278 / month)
Home Facts
Beds0Total Finished SqFt4,634 SqFtAbove Grade Finished SqFt4,634 SqFtLot Size20,909 SqFtStyleSingle Family ResidenceYear Built1930CountyCLAYAPN032000003301000000000

Schools near 405 West Gilbert Street

This home is within Henrietta Independent School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Henrietta Elementary School
PublicPK to 5

Henrietta Middle School
Public6 to 8

Henrietta High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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405 West Gilbert Street is a multi-family home for sale in Henrietta, TX 76365. This property was listed for sale on October 16, 2025 by Assent Real Estate, Inc, it's currently listed at $575,000. This listing's school district is Henrietta Independent School District. Nearby schools include Henrietta Elementary School, Henrietta Middle School and Henrietta High School. 405 West Gilbert Street is a 0-bed, 0-bath, 4,954 sqft multi-family home built in 1906.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Assent Real Estate, Inc, Summer Mills

The information being provided by North Texas Real Estate Information Systems (NTREIS) and Greater Tyler Association of REALTORS is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the consumer may be interested in purchasing. This website may reference real estate listing(s) held by a brokerage firm other than Compass. Any information relating to real estate for sale in Dallas, Texas comes from NTREIS. Listings marked with an icon are provided courtesy of the NTREIS Internet Data Exchange database. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be verified through personal inspection by and/or with appropriate professionals.The data contained herein is copyrighted by NTREIS and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2025 North Texas Real Estate Information Systems. All rights reserved. Date last updated: 11/07/2025 01:04 PM