Real Estate Investment Properties for Sale in Frankston, TX

Looking for investment property in Frankston, TX with high ROI ?

Explore a variety of short-term homes & houses in Frankston, TX. Invest wisely with VRBO & Frankston, TX Airbnb properties available for purchase. Find your ideal investment property among our curated listings for a rewarding real estate venture.

Investment Property for Sale in Frankston, TX

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PROPERTY	DETAILS	SALE PRICE	INVESTMENT PERFORMANCE
23340 Three Points Dr Frankston, TX Imagine life here at the lake! Recently updated 3 bedroom, 3 bath, 2,320 sq foot home with...	3 beds \| 3 baths \| 2,320 sq.ft.	$599,000	Airbnb cash on cash: -0.87% Traditional cash on cash: 2.79% Airbnb Rental Income: $1109 Traditional Rental Income: $2782 Airbnb ROI: -0.87% Traditional ROI: 2.79%
712 Reagan St Frankston, TX Welcome to 712 Reagan St, where you'll find the perfect blend of efficiency, comfort, and ...	3 beds \| 2 baths \| 1,170 sq.ft.	$157,000	Airbnb cash on cash: 1.82% Traditional cash on cash: 6.54% Airbnb Rental Income: $1109 Traditional Rental Income: $1443 Airbnb ROI: 1.82% Traditional ROI: 6.54%
432 ACR 322 Frankston, TX Beautiful East Texas ranchette!! Lovely place to call your forever home. 4BR, 2bath, 2 car...	4 beds \| 3 baths \| 2,389 sq.ft.	$559,900	Airbnb cash on cash: 0.52% Traditional cash on cash: 3.15% Airbnb Rental Income: $1710 Traditional Rental Income: $2612 Airbnb ROI: 0.52% Traditional ROI: 3.15%
8149 Highsaw Trl Frankston, TX Recently reduced!!! Lakeview Gem w/ Private Lake Access (Lake Palestine) on large lot. Cus...	3 beds \| 2 baths \| 1,689 sq.ft.	$332,000	Airbnb cash on cash: 0.3% Traditional cash on cash: 4.13% Airbnb Rental Income: $1109 Traditional Rental Income: $1929 Airbnb ROI: 0.3% Traditional ROI: 4.13%
5494 An County Road 309 Frankston, TX Discover a unique opportunity just minutes from Lake Palestine! Situated on just over 1 ac...	3 beds \| 2 baths \| 1,878 sq.ft.	$350,000	Airbnb cash on cash: 0.26% Traditional cash on cash: 4.55% Airbnb Rental Income: $1109 Traditional Rental Income: $2144 Airbnb ROI: 0.26% Traditional ROI: 4.55%
20850 CR 4226 Frankston, TX Beautiful East Texas Country Living! Winding driveway through grand brick and gate entranc...	4 beds \| 3 baths \| 2,812 sq.ft.	$799,999	Airbnb cash on cash: -0.3% Traditional cash on cash: 1.75% Airbnb Rental Income: $1710 Traditional Rental Income: $2767 Airbnb ROI: -0.3% Traditional ROI: 1.75%
782 AN County Road 325 Frankston, TX Escape to your own East Texas retreat with this beautifully updated log cabin on nearly 10...	3 beds \| 2 baths \| 1,780 sq.ft.	$399,000	Airbnb cash on cash: 0.07% Traditional cash on cash: 3.07% Airbnb Rental Income: $1109 Traditional Rental Income: $1856 Airbnb ROI: 0.07% Traditional ROI: 3.07%
400 Easy St Frankston, TX Welcome to 400 Easy St, a masterpiece of custom craftsmanship nestled in the charming Nort...	3 beds \| 3 baths \| 2,750 sq.ft.	$515,000	Airbnb cash on cash: -0.38% Traditional cash on cash: 3.44% Airbnb Rental Income: $1109 Traditional Rental Income: $2574 Airbnb ROI: -0.38% Traditional ROI: 3.44%
22577 Lime Street Frankston, TX In beautiful lake community On Lake Palestine. Spacious 1.17 acres ,2417 sq. Ft. Brick 2 s...	3 beds \| 3 baths \| 2,417 sq.ft.	$279,000	Airbnb cash on cash: 0.35% Traditional cash on cash: 7.33% Airbnb Rental Income: $1109 Traditional Rental Income: $2572 Airbnb ROI: 0.35% Traditional ROI: 7.33%
126 E Post Oak Frankston, TX Imagine coming home to this blend of architectural grandeur and pastoral serenity nestled ...	3 beds \| 2 baths \| 2,262 sq.ft.	$424,000	Airbnb cash on cash: -1.04% Traditional cash on cash: 2.57% Airbnb Rental Income: $1109 Traditional Rental Income: $2170 Airbnb ROI: -1.04% Traditional ROI: 2.57%
230 County Road 3191 Frankston, TX Price reduction to sell quickly, Motivated Sellers, bring your clients and an offer! Your ...	4 beds \| 3 baths \| 2,386 sq.ft.	$440,000	Airbnb cash on cash: -1.11% Traditional cash on cash: 1.94% Airbnb Rental Income: $1710 Traditional Rental Income: $2493 Airbnb ROI: -1.11% Traditional ROI: 1.94%
10637 Circle Point Frankston, TX ELEGANT PLANTATION STYLE WATERFRONT ESTATE ON LAKE PALESTINE Welcome to your dream waterfr...	3 beds \| 3 baths \| 3,898 sq.ft.	$699,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 2.54% Airbnb Rental Income: $1109 Traditional Rental Income: $2583 Airbnb ROI: -0.29% Traditional ROI: 2.54%
2094 W Hwy 175 Frankston, TX Discover the perfect blend of space, convenience, and country charm with this solidly buil...	2 beds \| 2 baths \| 1,400 sq.ft.	$379,000	Airbnb cash on cash: -0.25% Traditional cash on cash: 2.37% Airbnb Rental Income: $1116 Traditional Rental Income: $1672 Airbnb ROI: -0.25% Traditional ROI: 2.37%
79 PRIVATE ROAD 7332 Frankston, TX Charming updated 2 bedroom, 2 bath waterfront retreat on gated Lake Frankston, nestled amo...	2 beds \| 2 baths \| 1,140 sq.ft.	$300,000	Airbnb cash on cash: 0.16% Traditional cash on cash: 3.91% Airbnb Rental Income: $1116 Traditional Rental Income: $1800 Airbnb ROI: 0.16% Traditional ROI: 3.91%
559 ELM ST Frankston, TX Great home or investment opportunity in the heart of Frankston, conveniently located on a ...	3 beds \| 2 baths \| 2,371 sq.ft.	$245,000	Airbnb cash on cash: 1.44% Traditional cash on cash: 7.74% Airbnb Rental Income: $1109 Traditional Rental Income: $2193 Airbnb ROI: 1.44% Traditional ROI: 7.74%
10881 Hillside Dr. Frankston, TX PRICED TO SALE. This charming 2-bedroom, 2-bathroom home, perfectly situated just a short ...	2 beds \| 2 baths \| 1,100 sq.ft.	$99,995	Airbnb cash on cash: 5.27% Traditional cash on cash: 7.06% Airbnb Rental Income: $1116 Traditional Rental Income: $915 Airbnb ROI: 5.27% Traditional ROI: 7.06%
23126 JEB CIR Frankston, TX Updated waterfront home on a beautiful, tree-shaded lot in a well-maintained, established ...	3 beds \| 3 baths \| 2,272 sq.ft.	$575,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 3.54% Airbnb Rental Income: $1109 Traditional Rental Income: $2731 Airbnb ROI: -0.17% Traditional ROI: 3.54%
254 Easy St Frankston, TX Welcome to this beautiful 3-bedroom, 2.5-bath home with an oversized 3-car garage, offerin...	3 beds \| 3 baths \| 2,738 sq.ft.	$574,500	Airbnb cash on cash: -1.11% Traditional cash on cash: 2.38% Airbnb Rental Income: $1109 Traditional Rental Income: $2610 Airbnb ROI: -1.11% Traditional ROI: 2.38%
24901 County Road 4117 Frankston, TX Discover the epitome of luxury living in this stunning Mediterranean-style estate, situate...	4 beds \| 4 baths \| 3,563 sq.ft.	$1,850,000	Airbnb cash on cash: -1.09% Traditional cash on cash: 0.71% Airbnb Rental Income: $1710 Traditional Rental Income: $4335 Airbnb ROI: -1.09% Traditional ROI: 0.71%
6791 Valley View Dr. Frankston, TX Beautiful waterfront canal home located in Frankston, Texas, offering approximately 1,980 ...	3 beds \| 3 baths \| 1,949 sq.ft.	$199,000	Airbnb cash on cash: 2.14% Traditional cash on cash: 11.57% Airbnb Rental Income: $1109 Traditional Rental Income: $2516 Airbnb ROI: 2.14% Traditional ROI: 11.57%
22847 FM 2215 Frankston, TX Charming home located in Berryville, Texas, offering privacy and plenty of potential! With...	2 beds \| 2 baths \| 1,566 sq.ft.	$189,900	Airbnb cash on cash: 2.47% Traditional cash on cash: 7.75% Airbnb Rental Income: $1116 Traditional Rental Income: $1693 Airbnb ROI: 2.47% Traditional ROI: 7.75%
7433 ST HWY 155 Frankston, TX Experience beautiful, elegant, almost endless waterfront views from this exceptional 4-bed...	4 beds \| 3 baths \| 2,667 sq.ft.	$1,195,000	Airbnb cash on cash: -0.93% Traditional cash on cash: 0.5% Airbnb Rental Income: $1710 Traditional Rental Income: $2824 Airbnb ROI: -0.93% Traditional ROI: 0.5%
839 Anderson County Road 320 Frankston, TX Enjoy the peaceful country living in this custom, one-owner Three bedroom, Two bath home s...	3 beds \| 2 baths \| 2,537 sq.ft.	$549,900	Airbnb cash on cash: 0.13% Traditional cash on cash: 3% Airbnb Rental Income: $1109 Traditional Rental Income: $2208 Airbnb ROI: 0.13% Traditional ROI: 3%
13880 Top Gun Drive Frankston, TX This is a Hanger house just across from Berryville Airport in Frankston, Texas. Has 3 bedr...	3 beds \| 2 baths \| 2,472 sq.ft.	$499,000	Airbnb cash on cash: 0.15% Traditional cash on cash: 3.61% Airbnb Rental Income: $1109 Traditional Rental Income: $2350 Airbnb ROI: 0.15% Traditional ROI: 3.61%
812 An County Road 3194 Frankston, TX Peaceful country living on 5 beautiful acres in a private setting just minutes from Pine D...	3 beds \| 2 baths \| 2,224 sq.ft.	$469,900	Airbnb cash on cash: -0.24% Traditional cash on cash: 3.15% Airbnb Rental Income: $1109 Traditional Rental Income: $2229 Airbnb ROI: -0.24% Traditional ROI: 3.15%
10227 County Road 4101 Frankston, TX This stunning waterfront property on Lake Palestine offers the perfect blend of modern com...	4 beds \| 2 baths \| 2,113 sq.ft.	$899,000	Airbnb cash on cash: -0.29% Traditional cash on cash: 1.2% Airbnb Rental Income: $1710 Traditional Rental Income: $2481 Airbnb ROI: -0.29% Traditional ROI: 1.2%
10517 CR 4101 Frankston, TX THIS IS IT! Lake Palestine Waterfront 9n deep waters with gorgeous views, access to build ...	3 beds \| 3 baths \| 2,700 sq.ft.	$895,000	Airbnb cash on cash: -0.6% Traditional cash on cash: 1.97% Airbnb Rental Income: $1109 Traditional Rental Income: $2880 Airbnb ROI: -0.6% Traditional ROI: 1.97%
17804 CR 4235 Frankston, TX WELCOME TO THIS SERENE 69+/- ACRE RANCH - Offering the perfect balance of native hardwoods...	4 beds \| 4 baths \| 3,434 sq.ft.	$1,135,000	Airbnb cash on cash: -1.71% Traditional cash on cash: -0.76% Airbnb Rental Income: $1710 Traditional Rental Income: $2236 Airbnb ROI: -1.71% Traditional ROI: -0.76%
3153 AN COUNTY ROAD 319 Frankston, TX Waterfront living, room to roam, and the kind of quiet that's getting harder to find - thi...	3 beds \| 2 baths \| 1,464 sq.ft.	$219,000	Airbnb cash on cash: 0.25% Traditional cash on cash: 6.73% Airbnb Rental Income: $1109 Traditional Rental Income: $2078 Airbnb ROI: 0.25% Traditional ROI: 6.73%
7320 Panorama Dr Frankston, TX From the street view, through the home and backyard to the boathouse overlooking Lake Pale...	2 beds \| 2 baths \| 1,100 sq.ft.	$399,000	Airbnb cash on cash: 0.45% Traditional cash on cash: 2.87% Airbnb Rental Income: $1116 Traditional Rental Income: $1649 Airbnb ROI: 0.45% Traditional ROI: 2.87%

Real Estate investment in Frankston, TX

There are 31 properties for sale in the city of Frankston . The median list price in Frankston is $264,863 and the average price per square foot is $125. In June 2026, the average monthly cash on cash return in Frankston is 3.00%. The average monthly rental income in Frankston is $2,233.

Frankston, TX Real Estate Investing: FAQs for Buyers, Sellers and Investors

There are 31 investment properties available for sale in Frankston.

In 2026, the best neighborhood to buy investment property is Frankston.

The ROI for Short-Term is higher than the Long-Term in Frankston with average rental income of $1,109.

Your search for investment property begins and ends here

Investment Property for Sale in Frankston, TX

23340 Three Points Dr

Frankston, TX

3 beds | 3 baths | 2,320 sq.ft.

$599,000

Airbnb cash on cash: -0.87%

Traditional cash on cash: 2.79%

Airbnb Rental Income: $1109

Traditional Rental Income: $2782

Airbnb ROI: -0.87%

Traditional ROI: 2.79%

712 Reagan St

Frankston, TX

3 beds | 2 baths | 1,170 sq.ft.

$157,000

Airbnb cash on cash: 1.82%

Traditional cash on cash: 6.54%

Airbnb Rental Income: $1109

Traditional Rental Income: $1443

Airbnb ROI: 1.82%

Traditional ROI: 6.54%

432 ACR 322

Frankston, TX

4 beds | 3 baths | 2,389 sq.ft.

$559,900

Airbnb cash on cash: 0.52%

Traditional cash on cash: 3.15%

Airbnb Rental Income: $1710

Traditional Rental Income: $2612

Airbnb ROI: 0.52%

Traditional ROI: 3.15%

8149 Highsaw Trl

Frankston, TX

3 beds | 2 baths | 1,689 sq.ft.

$332,000

Airbnb cash on cash: 0.3%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $1109

Traditional Rental Income: $1929

Airbnb ROI: 0.3%

Traditional ROI: 4.13%

5494 An County Road 309

Frankston, TX

3 beds | 2 baths | 1,878 sq.ft.

$350,000

Airbnb cash on cash: 0.26%

Traditional cash on cash: 4.55%

Airbnb Rental Income: $1109

Traditional Rental Income: $2144

Airbnb ROI: 0.26%

Traditional ROI: 4.55%

20850 CR 4226

Frankston, TX

4 beds | 3 baths | 2,812 sq.ft.

$799,999

Airbnb cash on cash: -0.3%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $1710

Traditional Rental Income: $2767

Airbnb ROI: -0.3%

Traditional ROI: 1.75%

782 AN County Road 325

Frankston, TX

3 beds | 2 baths | 1,780 sq.ft.

$399,000

Airbnb cash on cash: 0.07%

Traditional cash on cash: 3.07%

Airbnb Rental Income: $1109

Traditional Rental Income: $1856

Airbnb ROI: 0.07%

Traditional ROI: 3.07%

400 Easy St

Frankston, TX

3 beds | 3 baths | 2,750 sq.ft.

$515,000

Airbnb cash on cash: -0.38%

Traditional cash on cash: 3.44%

Airbnb Rental Income: $1109

Traditional Rental Income: $2574

Airbnb ROI: -0.38%