Downtown Mansfield Double-Lot Opportunity: Scrape or Save! Unlock massive potential at 308 Short Street, a unique real estate play in the heart of the Downtown District. This property features two usable city lots (plus an additional strip of land), offering two distinct paths for the savvy investor or builder: Option 1: The Build-Two Strategy (Maximum ROI) Capitalize on the growing demand for new construction in Downtown Mansfield. The existing structure sits directly…
| Room | Level | Size |
|---|---|---|
| Full Bath | Main | 7 x 6 |
| Bedroom | Main | 10 x 9 |
| Living Room | Main | 16 x 13 |
| Kitchen | Main | 15 x 14 |
| Bedroom | Main | 13 x 10 |
| Laundry | Main | 10 x 6 |
| Primary Bedroom | Main | 13 x 10 |
| Type | Single Family Residence |
| County | Tarrant |
| Lot | 0.263 ac (11,456.28 sqft) |
| Annual Tax | $1,215 |
| Days on Market | 25 |
| District | Mansfield ISD |
| Elementary | Nancy Neal |
| Middle | James Coble |
| High School | Mansfield |
| P&I (6.875%) | $1,445 |
| Est. Tax | $101 |
| Est. Total | $1,546/mo |
Downtown Mansfield Double-Lot Opportunity: Scrape or Save! Unlock massive potential at 308 Short Street, a unique real estate play in the heart of the Downtown District. This property features two usable city lots (plus an additional strip of land), offering two distinct paths for the savvy investor or builder: Option 1: The Build-Two Strategy (Maximum ROI) Capitalize on the growing demand for new construction in Downtown Mansfield. The existing structure sits directly on the lot line, making this a prime candidate for a scrape. By clearing the site, you gain two distinct building footprints. Best of all, water, sewer, and gas are already stubbed to the extra lot, significantly lowering the barrier to entry for your next new-build project. Option 2: The Modern Flip (Large Lot Luxury) Prefer to renovate? Restore the existing 3-bedroom, 1-bathroom home and market it as a refreshed vintage residence on a rare, oversized double lot. In a district where space is a premium, a home with this much land and mature trees is a major selling point for end-buyers looking for a private downtown compound. Located just steps from the shops, dining, and vibrant energy of the historic downtown core, this is a versatile asset with a clear path to profit. Whether you build new or renovate the classic, 308 Short Street is the downtown opportunity you've been waiting for.
Property Type
Residential
Sub Type
Single Family Residence
Status
Active
Bedrooms
3
Full Baths
1
Living Area
$274/sqft
1,003 sqft
Lot Size
11,456.28 sqft
Lot (acres)
0.263
Stories
1
Year Built
1942
Community
Mansfield City Of| Room | Level | Size |
|---|---|---|
| Full Bath | Main | 7 x 6 |
| BedroomCeiling Fans, Walk In Closets | Main | 10 x 9 |
| Living RoomCeiling Fans | Main | 16 x 13 |
| Kitchen | Main | 15 x 14 |
| BedroomCeiling Fans, Walk In Closets | Main | 13 x 10 |
| Laundry | Main | 10 x 6 |
| Primary BedroomCeiling Fans, Walk In Closets | Main | 13 x 10 |
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Annual Tax
$1,215
Total Principal
$220,000
Total Interest
$300,288
Total Loan Payment
$520,288
Payoff Date
June 2056
Est. Payment
$1,661
/month
Estimated only. Does not guarantee loan approval. Contact a licensed lender for accurate rates and terms. Rates change daily.
View Online
https://realtorkonda.com/property/mansfield-tx/mansfield-city-of/308-short-street-76063
Contact: (469) 854-1352 · realtorkonda@gmail.com
Listed by Matt Motley · Texas Legacy Realty · 817-312-6165
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or NTREIS. © 2026 NTREIS. All rights reserved. Last updated Jun 5, 2026.
Listing Agent
Matt Motley
Texas Legacy Realty