Courtesy: Real Broker, LLC
Income producing property on 19 plus acres with room to further develop! Located just 5 miles from town with approximately 950 feet of road frontage on paved FM 8. The property features a 3 bed 2 bath brick home, 7 stall barn, arena, and 5 cabins. Each cabin is 1 bedroom, 1 bath and includes a washer and dryer hook up, fenced dog yard and dedicated parking space. The paneled arena features sandy loam soil, roping cute and return alley. There are two water wells on the property. One services the house and barn and the other services the cabins. Each unit has it's own septic and electric meter. For easy access, there is a private road for the cabins and 2 separate driveways for the house and barn. No known restrictions and room to expand. All units are tenant occupied, showing appointment required.
Courtesy: PREFERRED PROPERTIES OF TEXAS
Exceptional opportunity to purchase a brand-new luxury fourplex in Stephenville before completion. This townhome-style development is being designed to feature four spacious 3-bedroom, 2.5-bath units with attached one-car garages. The current design is approximately 1,634 square feet per unit, with plans being revised to increase the living area to approximately 1,800 square feet per unit. Final square footage and specifications are subject to final plans. Luxury finishes are planned throughout, including stained concrete flooring on the first floor, luxury vinyl plank upstairs, modern kitchens, and attached garages. Estimated rental income of approximately $2,200 per unit ($105,600 annually). Buyers who purchase early may have the opportunity to influence finish selections depending on the stage of construction. Contact the listing agent for floor plans, pricing, timeline, and additional information. Buyer has the opportunity to secure this property before completion. Price and specifications are subject to change as construction progresses.
Courtesy: Ebby Halliday Realtors
This solid 3-bedroom, 2-bath brick home presents an excellent opportunity for investors or buyers seeking a property with strong potential and key updates already in place. With a durable brick exterior and practical layout, this home is built for long-term value and low maintenance. Inside, you’ll find a functional floor plan with a comfortable living area, a dedicated dining space, and a kitchen offering ample cabinet storage and workspace. The primary bedroom includes a private bath, while two additional bedrooms provide flexibility for tenants, guests, or a home office. Recent improvements—including a newer roof and updated AC unit—offer peace of mind and help reduce major upfront expenses, making this an even more attractive investment option. Currently leased through June 2027
Courtesy: Ebby Halliday Realtors
Tucked away in the desirable Elk Ridge neighborhood of Stephenville, this charming 3-bedroom, 2-bath home offers the perfect blend of comfort, space, and everyday functionality. From the moment you arrive, you’ll appreciate the inviting curb appeal and well-maintained surroundings that make this property truly stand out. Inside, the home features a thoughtfully designed layout with a spacious living area that flows seamlessly into the dining and kitchen spaces—ideal for both relaxing evenings and entertaining guests. The kitchen offers ample cabinetry and workspace, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with its own private bath, while two additional bedrooms offer flexibility for family, guests, or a home office. Step outside to discover one of the home’s standout features—a large backyard perfect for outdoor living. Whether you’re hosting weekend barbecues or simply enjoying a quiet Texas evening, the expansive patio creates the ideal setting for gathering and unwinding. House is currently leased until June 2027.
Courtesy: Ebby Halliday Realtors
Perfectly positioned just three blocks from Tarleton State University, this attractive quadruplex offers a prime investment opportunity in the rapidly growing market of Stephenville. With continued expansion surrounding the university and strong tenant demand, this property is well-suited for investors seeking stable income potential and long term growth. Some of the units have been updated with granite countertops, luxury vinyl plank flooring and tile. Very functional 2 bedroom, 2 bath layouts designed to meet the needs of today’s renters. Each unit offers comfortable living spaces along with dedicated tenant parking, while the complex as a whole provides a total of 8 bedrooms and 8 bathrooms. Conveniently located near campus, shopping, dining, and local amenities, this turnkey multifamily property combines an excellent location with lasting investment appeal. Whether you are adding to an existing portfolio or entering the multifamily market, this is an opportunity worth considering. Buyer and buyer’s agent to verify all information.
Courtesy: Ebby Halliday Realtors
Ideally located just three blocks from Tarleton State University, this well maintained quadruplex presents an outstanding investment opportunity in one of the fastest growing college markets in Texas. With strong rental demand driven by the university and the continued growth of Stephenville, this property offers both immediate income potential and long term upside. Some units have been thoughtfully updated with granite countertops and durable luxury vinyl plank flooring and tile. Each unit features a spacious 2 bedroom, 2 bath floor plan designed for comfortable everyday living. The property includes a total of 8 bedrooms and 8 bathrooms, along with dedicated parking for tenants, creating added convenience and appeal. Whether you are expanding your investment portfolio or securing your first multifamily asset, this turnkey property combines location, functionality, and steady rental potential in a highly desirable area near campus, dining, and local amenities. Buyer and buyer’s agent to verify all information.
Courtesy: Ebby Halliday Realtors
CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.
Courtesy: Keller Williams Brazos West
817-279-6996
Welcome to your slice of Texas Spirit. Situated just outside the Cowboy Capital of the World, this beautiful Stephenville estate offers the perfect blend of cozy residential living with big mature shade trees and functional agricultural space. Discover the financial flexibility with this unique property featuring a well-maintained duplex-style residence, offering two complete living units, each with two bedrooms and one bathroom. Whether you’re looking for a dedicated guest house, a space for extended family, or a high-demand rental in the Cowboy Capital of the World, this layout delivers. Set on a little over three acres, the property is fully equipped for rural life with a large multi-stall barn, workshop, and fenced pastures. The duplex design is ideal for those seeking a private home office, a mother-in-law suite, or a turnkey setup for trainers and equestrian enthusiasts who need onsite housing. A rare find in Erath County that's perfect for those who want the country lifestyle with built-in income potential or guest quarters. Schedule your showing today!
Courtesy: Ebby Halliday Realtors
CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 3 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. Outside if you need room to expand with more facilities or even build another quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.
Courtesy: Ebby Halliday Realtors
Prime Multi-family investment opportunity! Two home bundle sitting on a combined .69 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!
Courtesy: Ebby Halliday Realtors
Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.
Courtesy: Ebby Halliday Realtors
Turnkey investment opportunity in an established neighborhood just minutes from Tarleton State University. This 3-bedroom, 2-bath brick home is currently leased at $2,100 per month through May 31, 2027, offering immediate and reliable cash flow. The property features a durable brick exterior and a functional layout that appeals to long-term tenants, while its proximity to Tarleton State—an expanding Division I university with growing enrollment— supports strong and consistent rental demand. Located in a community with a small HOA that covers front lawn maintenance, this home offers added convenience and reduced upkeep, making it an attractive low-maintenance addition to any portfolio. A solid opportunity for investors seeking stable income, minimal maintenance, and long-term growth potential in a high-demand rental market.
Courtesy: Ebby Halliday Realtors
Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.
Courtesy: The Platinum Group RE, LLC
817-559-7304
Prime investment opportunity in Stephenville, the Cowboy Capital of the World and home to rodeo collegiate powerhouse, Tarleton State University. This **fully occupied, income-producing** property offers a rare mix of residential and equine amenities, including **10 apartments**, **8 RV hookups**, **20 horse stalls with runs**, **15 covered pens**, and **4 large traps**. A key highlight is the **on-site roping arena**, adding a distinctive value feature for tenants and equine users. Located **directly across from the popular 377 Arena**, the property benefits from strong visibility and immediate connection to Stephenville’s active horse community. With **Tarleton State University’s growing enrollment contributing to a local housing shortage**, this property presents meaningful upside potential for rent increases across both the apartments and equine facilities. An exceptional chance to invest in a high-demand asset with multiple income streams and future growth.
Courtesy: Ebby Halliday Realtors
Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!
Courtesy: Keller Williams Heritage West
817-441-4000
Welcome to 3D Bunkhouse, a rare investment opportunity in the heart of Stephenville—widely known as the Cowboy Capital of the World and home to the thriving TSU community. This unique multifamily property combines residential living, short-term rental income, and equine-focused amenities, making it an exceptionally versatile asset in one of Texas’s most sought-after rodeo and university markets. Located just over an hour from the Dallas–Fort Worth Metroplex, Stephenville offers the charm of a small Texas town with the steady energy and demand generated by TSU students, faculty, rodeo athletes, and traveling competitors. This strong tenant base creates consistent occupancy and long-term investment security. Community & Amenities 3D Bunkhouse is designed to accommodate a wide range of residents and guests. The property features full RV hookups ideal for short-term visitors, rodeo travelers, and event participants. On-site conveniences include a laundry facility, snack station, and secure mail delivery for tenants. The property also offers multiple income-producing amenities, including established short-term rental units, large fully covered horse stalls, storage units, and premium equestrian facilities. Riders and competitors benefit from a 150' x 200' outdoor roping and riding arena, a 60' round pen, and a concrete tie wash area, creating a highly attractive environment for those involved in the equine and rodeo industries.
Courtesy: Keller Williams Brazos West
817-279-6996
Welcome to this hidden gem centrally located in the heart of Stephenville, Texas! With its prime location, private parking, and spacious layout, this 1,200 square foot duplex offers an exceptional opportunity for both homeowners and investors alike. The property is split up into two separate 2 bed, 2 full bath spaces. It boasts generously sized bedrooms, providing ample space for comfortable living with well-appointed bathrooms. One of the standout features of this property is the private parking, allowing residents to securely park their vehicles right at home. No need to worry about street parking or searching for a spot—convenience is right at your doorstep. This duplex presents a fantastic investment opportunity, whether you're looking to expand your real estate portfolio or generate rental income. With its desirable location and privacy, it offers the potential for strong rental demand and a steady return on investment. This property is located just a couple blocks from the Stephenville square, and the city park is literally right behind the property! This proximity to the park will surely attract tenants to this location! This one is sure to move quickly, so don't delay, come and take a look!
Courtesy: Keller Williams Brazos West
817-279-6996
Great investment property opportunity!! Here is a very nice, very well built duplex! This duplex has brick on the exterior,2 bedrooms and two baths in each unit and has its own garage to park in as well as concrete driveway and circle drive! These units have been rented by the same tenants for many many years! The owners are selling off their investment properties and this one needs to go! The property is located in a great rental neighborhood and close to the Tarleton State University campus! This 2 bedroom 2 bath type rental is one of the most desired and always rent very easily in this town. This type of multi unit property is hard to find, so come take a look before its gone!
Stephenville is located in Texas. Stephenville, Texas has a population of 20,504. Stephenville is more family-centric than the surrounding county with 44.5% of the households containing married families with children. The county average for households married with children is 35.33%.
The median household income in Stephenville, Texas is $50,552. The median household income for the surrounding county is $56,691 compared to the national median of $69,021. The median age of people living in Stephenville is 25.5 years.
The average high temperature in July is 94.2 degrees, with an average low temperature in January of 31.5 degrees. The average rainfall is approximately 33.7 inches per year, with 1 inches of snow per year.
