For sale

Price cut: $49K (6/30)

$450,000

1425-1435 Groesbeck St, Stephenville, TX 76401

6beds

2,416sqft

$3,105/mo

Get pre-qualified

Multi Family

Built in 1954

-- sqft lot

$412,600 Zestimate^®

$186/sqft

$-- HOA

What's special

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!

104 days

72

3

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 2
Full bathrooms: 2

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s), Electric

Appliances

Included: Gas Range

Features

Built-in Features, High Speed Internet, Cable TV
Flooring: Carpet, Laminate, Wood
Windows: Window Coverings
Has basement: No
Has fireplace: No

Interior area

Total structure area: 2,416
Total interior livable area: 2,416 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 4
Parking features: Driveway, On Site, On Street

Features

Levels: One
Stories: 1
Patio & porch: Covered
Exterior features: Storage
Pool features: None
Fencing: Chain Link,Privacy

Lot

Size: 0.69 Acres
Features: Back Yard, Cleared, Interior Lot, Lawn, Few Trees

Details

Parcel number: R000033650

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Vinyl Siding, Wood Siding
Foundation: Pillar/Post/Pier
Roof: Composition

Condition

Year built: 1954

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Sewer Available, Water Available, Cable Available

Community & HOA

Community

Subdivision: South Side Addition

HOA

Has HOA: No

Location

Region: Stephenville

Financial & listing details

Price per square foot: $186/sqft
Annual tax amount: $7,603
Date on market: 4/30/2026
Cumulative days on market: 105 days
Listing terms: Cash,Conventional

Estimated market value

$412,600

$392,000 - $433,000

$1,379/mo

Price history

Date	Event	Price
6/30/2026	Price change	$450,000-9.8%$186/sqft
Source: NTREIS #21253345 Report a problem
4/30/2026	Listed for sale	$499,000$207/sqft
Source: NTREIS #21253345 Report a problem