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    1040 W Oak St Stephenville, TX 76401

    Sponsored
    For Sale
    $335,000

    Unimproved Land - Stephenville, TX

    Type:Unimproved Land
    Lot size:
    0.44 Acres
    Days on Market:
    10
    Last Refresh:
    Jan 8 at 3:06 am

    Property Features for 1040 W Oak St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Property condition
    New Construction
    Standard status
    Active
    APN
    R000031509
    Lot size
    0.44 Acres

    Utilities

    Heating system
    None (Heating)

    Building Details

    Year built
    2025
    Architectural style
    Other

    Marandy Dove Realty (254) 485-2285

    Listing agent Marandy Dove (254) 485-2285 License #0655896

    Listing date Dec 30, 2025

    MLS# 21121460 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Development Opportunity Near Tarleton State

    This 0.439-acre property presents an exceptional multifamily development opportunity in Stephenville. The project is designed for three duplexes, totaling six units with 18 bedrooms, situated in a prime rental location near Tarleton State University. The property is well-prepared for development, including architectural and civil plans, an approved replat, and a builder’s construction estimate. City water and sewer are already on site. The builder estimates a 4–6 month construction window once building permits are issued by the City, with completion timed for summer 2026, which is ideal for Tarleton student leasing for the 2026–2027 academic year. This property is positioned to capture the strong demand around Tarleton State University.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.217011
    Latitude
    32.225893

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    FAQs

    What type of property is this?
    Residential land & home lot - Investment-ready project with approved plans for multifamily development.
    Where is this residential land & home lot located?
    The property is located at 1040 W Oak St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $335,000.
    What are key features of this property?
    This property features: - Prime location in Stephenville's high-demand rental corridor near Tarleton State University.; - Turnkey development opportunity with included architectural plans, civil plans, approved replat, and builder's construction estimate.; - Project ready for summer 2026 completion, ideal for Tarleton State University student leasing for the 2026-2027 academic year.
    (254) 485-2285
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    1040 W Oak St Stephenville, TX 76401
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    Stephenville, TX 76401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1040 W Oak St Stephenville, TX 76401
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