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
24348 Keith Ln Frankston, TX UNIQUELY BUILT PROPERTY ON OVER 1 ACRE. WATERVIEW OF LAKE PALESTINE. HOUSE HAS LOTS OF ROO...	4 beds \| 4 baths \| 2,312 sq.ft.	$950,000	Airbnb cash on cash: -1.12% Traditional cash on cash: 1.13% Airbnb Rental Income: $974 Traditional Rental Income: $2616 Airbnb ROI: -1.12% Traditional ROI: 1.13%
22982 Edgewater Dr Frankston, TX YOU DONT WANT TO MISS THIS BEAUTY! Priced at only $199.000.00 That's right! Make this newl...	3 beds \| 2 baths \| 1,344 sq.ft.	$239,900	Airbnb cash on cash: -0.01% Traditional cash on cash: 6.89% Airbnb Rental Income: $998 Traditional Rental Income: $2208 Airbnb ROI: -0.01% Traditional ROI: 6.89%
8149 Highsaw Trl Frankston, TX Lakeview Gem w/ Private Lake Access (Lake Palestine) on large lot. Custom kitchen w/ quart...	3 beds \| 2 baths \| 1,689 sq.ft.	$355,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 3.8% Airbnb Rental Income: $998 Traditional Rental Income: $1929 Airbnb ROI: -0.06% Traditional ROI: 3.8%
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: -1.13% Traditional cash on cash: 1.75% Airbnb Rental Income: $974 Traditional Rental Income: $2767 Airbnb ROI: -1.13% Traditional ROI: 1.75%
22238 Lime St Frankston, TX Beautiful 2019 construction. Nestled on a spacious corner lot, this 3-bedroom, 2-bathroom ...	3 beds \| 2 baths \| 1,595 sq.ft.	$330,000	Airbnb cash on cash: -0.15% Traditional cash on cash: 4.13% Airbnb Rental Income: $998 Traditional Rental Income: $1970 Airbnb ROI: -0.15% Traditional ROI: 4.13%
782 AN County Road 325 Frankston, TX Charming Log Cabin on 9.9 peaceful acres! Deer visit daily in this quiet setting with a fe...	3 beds \| 2 baths \| 1,780 sq.ft.	$425,000	Airbnb cash on cash: -0.17% Traditional cash on cash: 2.88% Airbnb Rental Income: $998 Traditional Rental Income: $1856 Airbnb ROI: -0.17% Traditional ROI: 2.88%
23077 Three Points Drive Frankston, TX Nice brick home offering 3 bedroom 2 bath and 2 car garage, bonus room was used for game r...	3 beds \| 2 baths \| 2,062 sq.ft.	$239,000	Airbnb cash on cash: 0.59% Traditional cash on cash: 7.36% Airbnb Rental Income: $998 Traditional Rental Income: $2172 Airbnb ROI: 0.59% Traditional ROI: 7.36%
230 ACR 3191 Frankston, TX Motivated sellers! Price reduction to sell quickly, bring your clients and an offer! Your ...	4 beds \| 3 baths \| 2,386 sq.ft.	$460,000	Airbnb cash on cash: -2.47% Traditional cash on cash: 1.87% Airbnb Rental Income: $974 Traditional Rental Income: $2493 Airbnb ROI: -2.47% Traditional ROI: 1.87%
1099 An County Road 305 Frankston, TX Donât miss your chance to call this beautiful 3-bedroom, 2-bath home on over 10 acres yo...	3 beds \| 2 baths \| 1,953 sq.ft.	$474,800	Airbnb cash on cash: -0.22% Traditional cash on cash: 2.96% Airbnb Rental Income: $998 Traditional Rental Income: $2055 Airbnb ROI: -0.22% Traditional ROI: 2.96%
23240 J E B Circle Frankston, TX Welcome to your future dream home! This cozy residence boasts over 2,000 square feet of th...	4 beds \| 2 baths \| 2,241 sq.ft.	$360,000	Airbnb cash on cash: -0.36% Traditional cash on cash: 4.41% Airbnb Rental Income: $974 Traditional Rental Income: $2238 Airbnb ROI: -0.36% Traditional ROI: 4.41%
23231 Three Points Dr Frankston, TX A Rare find in one of Frankston's most desired communities! Located in the 3 Points POA ($...	3 beds \| 2 baths \| 1,524 sq.ft.	$289,800	Airbnb cash on cash: -0.79% Traditional cash on cash: 3.63% Airbnb Rental Income: $998 Traditional Rental Income: $1849 Airbnb ROI: -0.79% Traditional ROI: 3.63%
22080 Henderson County Road 4117 Frankston, TX 7.4 acres park-like setting. Amazing Opportunity!!! This is a rare find. Location! Near La...	1 beds \| 1 baths \| 2,000 sq.ft.	$450,000	Airbnb cash on cash: 0.02% Traditional cash on cash: 2.3% Airbnb Rental Income: $1036 Traditional Rental Income: $1635 Airbnb ROI: 0.02% Traditional ROI: 2.3%
808 Walters Frankston, TX Absolutely lovely home in the heart of Frankston. 4Br 1 and 1/2 bath home with a great bac...	3 beds \| 2 baths \| 1,768 sq.ft.	$259,900	Airbnb cash on cash: 0.34% Traditional cash on cash: 5.44% Airbnb Rental Income: $998 Traditional Rental Income: $1895 Airbnb ROI: 0.34% Traditional ROI: 5.44%
149 Pecan St Frankston, TX Spacious 4-Bedroom Home in the Heart of Charming Frankston on a Cul-de-Sac. Welcome to yo...	4 beds \| 4 baths \| 2,340 sq.ft.	$299,000	Airbnb cash on cash: -0.13% Traditional cash on cash: 7.25% Airbnb Rental Income: $974 Traditional Rental Income: $2701 Airbnb ROI: -0.13% Traditional ROI: 7.25%
22780 Diamond Bay Dr Frankston, TX Secluded cul-de-sac setting on Lake Palestine offering peaceful waterfront living in a qui...	3 beds \| 2 baths \| 1,926 sq.ft.	$779,000	Airbnb cash on cash: -1.43% Traditional cash on cash: 1.16% Airbnb Rental Income: $998 Traditional Rental Income: $2526 Airbnb ROI: -1.43% Traditional ROI: 1.16%
7376 Forest Hill Dr. Frankston, TX Your Private Oasis Awaits! Nestled on two spacious lots (with 3 additional lots available ...	3 beds \| 2 baths \| 1,031 sq.ft.	$150,000	Airbnb cash on cash: 1.01% Traditional cash on cash: 6.5% Airbnb Rental Income: $998 Traditional Rental Income: $1431 Airbnb ROI: 1.01% Traditional ROI: 6.5%
241 Ayers St Frankston, TX Welcome to this charming home in the heart of Frankston! Nestled on a spacious .26 acre co...	2 beds \| 1 baths \| 972 sq.ft.	$130,000	Airbnb cash on cash: 3.23% Traditional cash on cash: 7.1% Airbnb Rental Income: $1148 Traditional Rental Income: $1252 Airbnb ROI: 3.23% Traditional ROI: 7.1%
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.	$799,000	Airbnb cash on cash: -0.5% Traditional cash on cash: 2.11% Airbnb Rental Income: $998 Traditional Rental Income: $2583 Airbnb ROI: -0.5% Traditional ROI: 2.11%
105 Holcomb Frankston, TX This 1114 Sq Ft, 2 bed/1 bath, pier and beam home is located near downtown Frankston. Nea...	2 beds \| 1 baths \| 1,114 sq.ft.	$187,000	Airbnb cash on cash: 2.26% Traditional cash on cash: 5.89% Airbnb Rental Income: $1148 Traditional Rental Income: $1412 Airbnb ROI: 2.26% Traditional ROI: 5.89%
7270 E Panorama Dr Frankston, TX Exquisite waterfront living awaits, with panoramic views of Lake Palestine from nearly eve...	3 beds \| 2 baths \| 2,694 sq.ft.	$675,000	Airbnb cash on cash: -0.24% Traditional cash on cash: 2.93% Airbnb Rental Income: $998 Traditional Rental Income: $2637 Airbnb ROI: -0.24% Traditional ROI: 2.93%
22240 Deval Ln Frankston, TX Lake Views with 2 Acres! Frankston Gem with Huge Shop + Space to Grow. Discover peaceful l...	3 beds \| 2 baths \| 1,408 sq.ft.	$249,000	Airbnb cash on cash: 0.87% Traditional cash on cash: 5.32% Airbnb Rental Income: $998 Traditional Rental Income: $1689 Airbnb ROI: 0.87% Traditional ROI: 5.32%
2094 W Hwy 175 Frankston, TX Discover the perfect blend of space, convenience, and country charm with this solidly buil...	3 beds \| 2 baths \| 1,400 sq.ft.	$389,000	Airbnb cash on cash: -0.54% Traditional cash on cash: 2.29% Airbnb Rental Income: $998 Traditional Rental Income: $1672 Airbnb ROI: -0.54% Traditional ROI: 2.29%
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: 0.55% Traditional cash on cash: 4.21% Airbnb Rental Income: $1148 Traditional Rental Income: $1800 Airbnb ROI: 0.55% Traditional ROI: 4.21%
559 Elm St Frankston, TX Great investment opportunity in the heart of Frankston, conveniently located on a large co...	3 beds \| 2 baths \| 2,371 sq.ft.	$275,000	Airbnb cash on cash: 0.82% Traditional cash on cash: 6.86% Airbnb Rental Income: $998 Traditional Rental Income: $2208 Airbnb ROI: 0.82% Traditional ROI: 6.86%
8533 Fm 315 Frankston, TX Serene Country Paradise with Endless Possibilities: Nestled on 5.84 picturesque acres betw...	3 beds \| 3 baths \| 2,166 sq.ft.	$560,000	Airbnb cash on cash: -0.92% Traditional cash on cash: 2.07% Airbnb Rental Income: $998 Traditional Rental Income: $2208 Airbnb ROI: -0.92% Traditional ROI: 2.07%
0 CR 4224 Frankston, TX 0 CR 4224, Frankston, TX 75763 \| Other	2 beds \| 2 baths \| 1,166 sq.ft.	$780,000	Airbnb cash on cash: -1.86% Traditional cash on cash: -1.2% Airbnb Rental Income: $1148 Traditional Rental Income: $1250 Airbnb ROI: -1.86% Traditional ROI: -1.2%
4911 Sunrise Dr Frankston, TX 4911 Sunrise Dr, Frankston, TX 75763 \| Single Family Residential	3 beds \| 2 baths \| 2,641 sq.ft.	$899,900	Airbnb cash on cash: -2.14% Traditional cash on cash: -0.71% Airbnb Rental Income: $998 Traditional Rental Income: $1838 Airbnb ROI: -2.14% Traditional ROI: -0.71%
10881 Hillside Dr Frankston, TX 10881 Hillside Dr, Frankston, TX 75763 \| Manufactured Home	2 beds \| 2 baths \| 1,100 sq.ft.	$129,000	Airbnb cash on cash: 2.68% Traditional cash on cash: 3.86% Airbnb Rental Income: $1148 Traditional Rental Income: $915 Airbnb ROI: 2.68% Traditional ROI: 3.86%
22080 CR 4117 Frankston, TX 22080 CR 4117, Frankston, TX 75763 \| Single Family Residential	1 beds \| 1 baths \| 640 sq.ft.	$450,000	Airbnb cash on cash: -1.4% Traditional cash on cash: -0.6% Airbnb Rental Income: $1036 Traditional Rental Income: $1011 Airbnb ROI: -1.4% Traditional ROI: -0.6%
23240 J.e.b. Cir Frankston, TX 23240 J.e.b. Cir, Frankston, TX 75763 \| Single Family Residential	4 beds \| 2 baths \| 2,241 sq.ft.	$360,000	Airbnb cash on cash: -1.21% Traditional cash on cash: 3.48% Airbnb Rental Income: $974 Traditional Rental Income: $2208 Airbnb ROI: -1.21% Traditional ROI: 3.48%
23319 Penninsula Pt Frankston, TX 23319 Penninsula Pt, Frankston, TX 75763 \| Single Family Residential	3 beds \| 2 baths \| 1,481 sq.ft.	$249,000	Airbnb cash on cash: -0.46% Traditional cash on cash: 6.2% Airbnb Rental Income: $998 Traditional Rental Income: $2208 Airbnb ROI: -0.46% Traditional ROI: 6.2%
11524 & 11536 Drake's Lndg Frankston, TX 11524 & 11536 Drake's Lndg, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 0.03% Airbnb Rental Income: $1256 Traditional Rental Income: $883 Airbnb ROI: -0.06% Traditional ROI: 0.03%
11524 Drakes Lndg Frankston, TX 11524 Drakes Lndg, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$299,000	Airbnb cash on cash: -0.06% Traditional cash on cash: 0.03% Airbnb Rental Income: $1256 Traditional Rental Income: $883 Airbnb ROI: -0.06% Traditional ROI: 0.03%
Tract 3 Hwy 155 Frankston, TX Tract 3 Hwy 155, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$583,333	Airbnb cash on cash: -1.38% Traditional cash on cash: -1.34% Airbnb Rental Income: $1256 Traditional Rental Income: $883 Airbnb ROI: -1.38% Traditional ROI: -1.34%
21893 Boles Rd Frankston, TX 21893 Boles Rd, Frankston, TX 75763 \| Manufactured Home	2 beds \| 2 baths \| 1,054 sq.ft.	$199,900	Airbnb cash on cash: 0.49% Traditional cash on cash: 1.54% Airbnb Rental Income: $1148 Traditional Rental Income: $967 Airbnb ROI: 0.49% Traditional ROI: 1.54%
21903 Boles Rd Frankston, TX 21903 Boles Rd, Frankston, TX 75763 \| Manufactured Home	3 beds \| 2 baths \| 1,845 sq.ft.	$375,000	Airbnb cash on cash: -1.22% Traditional cash on cash: 3.23% Airbnb Rental Income: $998 Traditional Rental Income: $2208 Airbnb ROI: -1.22% Traditional ROI: 3.23%
7227 Forest Hl Frankston, TX 7227 Forest Hl, Frankston, TX 75763 \| Single Family Residential	2 beds \| 2 baths \| 704 sq.ft.	$79,900	Airbnb cash on cash: 5.66% Traditional cash on cash: 11.8% Airbnb Rental Income: $1148 Traditional Rental Income: $1250 Airbnb ROI: 5.66% Traditional ROI: 11.8%
TBD Carene Dr Frankston, TX TBD Carene Dr, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$589,900	Airbnb cash on cash: -1.4% Traditional cash on cash: -1.35% Airbnb Rental Income: $1256 Traditional Rental Income: $883 Airbnb ROI: -1.4% Traditional ROI: -1.35%
22451 Cherry Ln Frankston, TX 22451 Cherry Ln, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$425,000	Airbnb cash on cash: -0.91% Traditional cash on cash: -0.85% Airbnb Rental Income: $1256 Traditional Rental Income: $883 Airbnb ROI: -0.91% Traditional ROI: -0.85%
000 Fm-3506 Frankston, TX 000 Fm-3506, Frankston, TX 75763 \| Other	N/A beds \| N/A baths \| N/A	$2,000,000	Airbnb cash on cash: -2.38% Traditional cash on cash: -2.6% Airbnb Rental Income: $1256 Traditional Rental Income: $443 Airbnb ROI: -2.38% Traditional ROI: -2.6%

Real Estate investment in Frankston, TX

There are 42 properties for sale in the city of Frankston . The median list price in Frankston is $224,500 and the average price per square foot is $246. In January 2026, the average monthly cash on cash return in Frankston is 3.00%. The average monthly rental income in Frankston is $1,681.

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

There are 42 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 $998.

Your search for investment property begins and ends here

Investment Property for Sale in Frankston, TX

24348 Keith Ln

Frankston, TX

4 beds | 4 baths | 2,312 sq.ft.

$950,000

Airbnb cash on cash: -1.12%

Traditional cash on cash: 1.13%

Airbnb Rental Income: $974

Traditional Rental Income: $2616

Airbnb ROI: -1.12%

Traditional ROI: 1.13%

22982 Edgewater Dr

Frankston, TX

3 beds | 2 baths | 1,344 sq.ft.

$239,900

Airbnb cash on cash: -0.01%

Traditional cash on cash: 6.89%

Airbnb Rental Income: $998

Traditional Rental Income: $2208

Airbnb ROI: -0.01%

Traditional ROI: 6.89%

8149 Highsaw Trl

Frankston, TX

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

$355,000

Airbnb cash on cash: -0.06%

Traditional cash on cash: 3.8%

Airbnb Rental Income: $998

Traditional Rental Income: $1929

Airbnb ROI: -0.06%

Traditional ROI: 3.8%

20850 CR 4226

Frankston, TX

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

$799,999

Airbnb cash on cash: -1.13%

Traditional cash on cash: 1.75%

Airbnb Rental Income: $974

Traditional Rental Income: $2767

Airbnb ROI: -1.13%

Traditional ROI: 1.75%

22238 Lime St

Frankston, TX

3 beds | 2 baths | 1,595 sq.ft.

$330,000

Airbnb cash on cash: -0.15%

Traditional cash on cash: 4.13%

Airbnb Rental Income: $998

Traditional Rental Income: $1970

Airbnb ROI: -0.15%

Traditional ROI: 4.13%

782 AN County Road 325

Frankston, TX

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

$425,000

Airbnb cash on cash: -0.17%

Traditional cash on cash: 2.88%

Airbnb Rental Income: $998

Traditional Rental Income: $1856

Airbnb ROI: -0.17%

Traditional ROI: 2.88%

23077 Three Points Drive

Frankston, TX

3 beds | 2 baths | 2,062 sq.ft.

$239,000

Airbnb cash on cash: 0.59%

Traditional cash on cash: 7.36%

Airbnb Rental Income: $998

Traditional Rental Income: $2172

Airbnb ROI: 0.59%

Traditional ROI: 7.36%

230 ACR 3191

Frankston, TX

4 beds | 3 baths | 2,386 sq.ft.

$460,000

Airbnb cash on cash: -2.47%

Traditional cash on cash: 1.87%

Airbnb Rental Income: $974

Traditional Rental Income: $2493

Airbnb ROI: -2.47%