Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    1435 Groesbeck St Stephenville, TX 76401

    For Sale
    $550,000

    Multiple Single Units - Stephenville, TX

    Lot size:
    0.68 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 12 at 5:06 am

    Property Features for 1435 Groesbeck St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    2
    APN
    R000033650
    Parking
    4
    Parking features
    Driveway, On Street
    Patio and Porch features
    Patio, Porch
    Interior features
    Built-in Features, Cable Tv Available, High Speed Internet Available
    Exterior features
    Covered Patio/Porch, Storage, Fence
    Fencing
    Fenced
    Appliances
    Range, Range - Gas
    Lot size
    0.68 Acres

    Utilities

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

    Building Details

    Year built
    1954
    Floors in Building
    1
    Flooring type
    Carpet, Laminate, Wood
    Building materials
    Vinyl Siding
    Roof type
    Composition
    Architectural style
    Other
    Additional Structures
    Storage

    Ebby Halliday, REALTORS (972) 772-1369

    Listing agent Eric Hayden (254) 965-7653

    Listing date Oct 24, 2025

    MLS# 21091584 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

    Stephenville Multi-Family Investment Opportunity

    This multi-family investment opportunity features two homes situated on a combined 0.68-acre lot, zoned R-3. Both homes include three bedrooms and one full bathroom, and are tenant-occupied, providing immediate rental income. The location is near Tarleton State University. This property offers potential for long-term development, with the possibility to replat and construct a multi-family complex while maintaining rental income during the planning phase. The property is suitable for expanding a rental portfolio or developing new construction.
    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
    -98.21235781
    Latitude
    32.20884513

    Nearby Similar for Sale

    • $1,249,999
      3,150 SF

      Stephenville Horse Property with Income

      Turn-key horse property with two homes and equine facilities.
      1576 County Road 454, Stephenville, TX 76401
      View Details
    • $1,249,000
      2,337 SF

      Stephenville Horse Property with Arena

      Horse property featuring arena, barns, workshop, and comfortable living space.
      3891 County Road 351, Stephenville, TX 76401
      View Details
    • $985,000
      0.36 Acres

      Boutique Hotel Near Tarleton University

      Turn-key boutique hotel near Tarleton State University.
      1092 W Tarleton St, Stephenville, TX 76401
      View Details
    • $1,295,000
      2,520 SF

      Stephenville Horse Property with Income

      Income-producing horse property with remodeled home, apartments, RV hookups, stalls.
      693 Crk 501, Stephenville, TX 76401
      View Details
    • $1,535,000
      3,136 SF

      Stephenville Farm/Ranch with Modern Home

      Four-bedroom home on 15.45 acres with equestrian facilities.
      6940 N Us Highway 281, Stephenville, TX 76401
      View Details
    • $2,800,000
      298.00 Acres

      Erath County Ranchland Opportunity

      298-acre ranch near Stephenville, TX, ideal for recreation and cattle.
      403 Tbd County Rd, Stephenville, TX 76401
      View Details

    FAQs

    What type of property is this?
    Multifamily property - Two homes on 0.68 acres, generating immediate rental income.
    Where is this multifamily property located?
    The property is located at 1435 Groesbeck St Stephenville, TX.
    What is the asking price?
    The asking price for this property is $550,000.
    What are key features of this property?
    This property features: - Two homes included, providing immediate rental income from day one with tenant occupancy through the next year.; - Zoned R-3 with potential for replatting and multi-family complex development.; - Combined .68 acre lot offers significant development potential.
    (254) 965-7653
    Request Owner's contact information
    1435 Groesbeck St Stephenville, TX 76401
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1435 Groesbeck St
    Stephenville, TX 76401
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1435 Groesbeck St Stephenville, TX 76401
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.