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    1450 Lincoln Dr Stephenville, TX 76401

    For Sale
    $999,000

    Multiple Single Units - Stephenville, TX

    Lot size:
    5.00 Acres
    Days on Market:
    232
    Last Refresh:
    Dec 11 at 7:06 pm

    Property Features for 1450 Lincoln Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    11
    Bathrooms
    6
    APN
    R000044390
    Parking
    6
    Parking features
    Carport
    Patio and Porch features
    Patio, Porch, Deck
    Interior features
    Decorative Lighting, Eat-in Kitchen
    Exterior features
    Covered Deck, Covered Patio/Porch, Other, Fence
    Fencing
    Fenced
    Fireplace
    1
    Appliances
    Cooktop, Cooktop - Gas, Dryer, Range, Refrigerator
    Lot size
    5.00 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Fireplace(s)
    Cooling system
    Ceiling Fan(s), Central Air

    Building Details

    Year built
    1987
    Floors in Building
    1
    Flooring type
    Concrete, Other, Vinyl
    Roof type
    Metal, Shingle
    Architectural style
    Other

    Ebby Halliday, REALTORS (972) 772-1369

    Listing agent Brittany Elkins (254) 965-7653

    Listing date Apr 24, 2025

    MLS# 20913268 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

    Turnkey Investment Property on 5 Acres

    This turnkey investment property, constructed in 2021, offers expansion potential on 5 acres. It features four modern quadplex buildings, each containing 2-bedroom, 1-bath units equipped with appliances and stained concrete floors. Each unit also includes a private fenced backyard. The property also includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, and a screened porch, along with its own fenced yard. Outdoor amenities include a 6-stall barn, arena, and loafing sheds. A new well serves the quadplex units. The property is located in Stephenville, Erath County, Texas. The property has maintained occupancy and is income producing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Hotel & Motel Garden Center Bed & Breakfast

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.203919
    Latitude
    32.176814

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    FAQs

    What type of property is this?
    Quadplex - Income-producing property with expansion potential, featuring multiple units and amenities.
    Where is this quadplex located?
    The property is located at 1450 Lincoln Dr Stephenville, TX.
    What is the asking price?
    The asking price for this property is $999,000.
    What are key features of this property?
    This property features: - Turnkey, income-producing investment property with maintained occupancy.; - Four modern quadplex buildings (built in 2021) feature low-maintenance 2-bedroom, 1-bath units, appliances, and private fenced backyards.; - Includes a fully remodeled 3-bedroom, 2-bath manufactured home with screened porch and fenced yard (suitable for owner's residence or rental).
    (254) 965-7653
    Request Owner's contact information
    1450 Lincoln Dr 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
    1450 Lincoln Dr Stephenville, TX 76401
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