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$345,000
Est. payment /mo
0.44 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision Frey Add 02
MLS Listing ID 21121460
Year Built 2025
Annual Tax Amount $1,675
Lot Size 0.439 Acres
Acres 0.439
Property Sub-Type Unimproved Land
Property Description
Exceptional Multifamily Development Opportunity – .439 Acre in Prime Stephenville Location
Discover an investment-ready project offering 3 duplexes (6 total units, 18 bedrooms) positioned in one of Stephenville's most sought-after rental corridors. This .439-acre property comes fully prepared for development with architectural plans, civil plans, an approved replat, and a builder's construction estimate included—making this an ideal turnkey opportunity for investors looking to capture the strong demand around Tarleton State University.
City water and sewer are already on site, streamlining permitting and speeding up your construction timeline.
Once building permits are issued by the City, the builder estimates a 4–6 month construction window, placing completion perfectly to deliver move-in ready units for summer 2026—ideal timing for Tarleton student leasing for the 2026–2027 academic year.
Whether you're expanding your portfolio or entering the highly competitive Stephenville rental market, this property offers a unique mix of readiness, location, and income potential.
Discover an investment-ready project offering 3 duplexes (6 total units, 18 bedrooms) positioned in one of Stephenville's most sought-after rental corridors. This .439-acre property comes fully prepared for development with architectural plans, civil plans, an approved replat, and a builder's construction estimate included—making this an ideal turnkey opportunity for investors looking to capture the strong demand around Tarleton State University.
City water and sewer are already on site, streamlining permitting and speeding up your construction timeline.
Once building permits are issued by the City, the builder estimates a 4–6 month construction window, placing completion perfectly to deliver move-in ready units for summer 2026—ideal timing for Tarleton student leasing for the 2026–2027 academic year.
Whether you're expanding your portfolio or entering the highly competitive Stephenville rental market, this property offers a unique mix of readiness, location, and income potential.
Location
State TX
County Erath
Zoning R3
Direction GPS Friendly
Interior
Heating None
Cooling None
Heat Source None
Exterior
Utilities Available City Sewer, City Water
Garage No
Building
Lot Description Acreage
Others
Acceptable Financing 1031 Exchange, Cash, Contact Agent, Conventional
Listing Terms 1031 Exchange, Cash, Contact Agent, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21121460
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Listed by Marandy Dove • Marandy Dove Realty
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