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    1425 Groesbeck St Stephenville, TX 76401

    For Sale
    $700,000

    Multiple Single Units - Stephenville, TX

    Property size:
    3,580 SF
    Lot size:
    0.91 Acres
    Days on Market:
    170
    Last Refresh:
    Dec 11 at 1:06 pm

    Property Features for 1425 Groesbeck St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    9
    Bathrooms
    3
    APN
    R000033651
    Parking
    6
    Parking features
    Driveway, On Street
    Patio and Porch features
    Patio, Porch
    Interior features
    Cable Tv Available, Eat-in Kitchen, High Speed Internet Available
    Exterior features
    Covered Patio/Porch, Fire Pit, Storage, Fence
    Fencing
    Fenced
    Appliances
    Dishwasher, Garbage Disposer, Range, Washer
    Size
    3,580 SF
    Lot size
    0.91 Acres

    Utilities

    Utilities
    Cable Available
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Electric

    Building Details

    Year built
    1930
    Floors in Building
    1
    Flooring type
    Carpet, Laminate, Tile, Wood
    Roof type
    Composition, Metal
    Architectural style
    Other
    Additional Structures
    Storage

    Ebby Halliday, REALTORS (972) 772-1369

    Listing agent Eric Hayden (254) 965-7653

    Listing date Jun 25, 2025

    MLS# 20975651 Listing URL

    Copyright © 2025 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

    Three Houses Bundle - Stephenville

    This investment opportunity features a bundle of three houses, presenting multi-family potential. Each home includes three bedrooms and one full bathroom, and all are tenant-occupied, providing immediate rental income for the next year. Located on Groesbeck Street, the properties at 1425 and 1435 Groesbeck are zoned for multi-family use and occupy a combined area of approximately 0.68 acres, pending replatting. The total lot size is 0.91 acres. The combined property size of the three houses is 3580 square feet. The location allows for the possibility of constructing a multi-family complex while continuing to collect rental income during the planning phase. This package offers versatility and value in a growing area with increasing rental demand and stable tenants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage 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
    -98.21239
    Latitude
    32.209063

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    FAQs

    What type of property is this?
    Multifamily property - Three houses with multi-family potential and immediate rental income.
    Where is this multifamily property located?
    The property is located at 1425 Groesbeck St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: - Three houses included, offering immediate rental income with tenants in place through next year.; - Two properties (1425 and 1435 Groesbeck) are already zoned for multi-family development.; - The combined lot size of the two multi-family zoned properties is .68 acres (potential after replatting).
    (254) 965-7653
    Request Owner's contact information
    1425 Groesbeck 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
    1425 Groesbeck St Stephenville, TX 76401
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