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    Multi-Home Income Property Title is generated by Realmo AI

    20531 S Farm to Market 4, Lipan, TX 76462

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    Claim this Listing
    For Sale
    $544,995

    MULTI_FAMILY - Lipan, TX

    Lot size:
    3.44 Acres
    Added:
    Apr 14, 2026
    Days on Market:
    75
    Last Refresh:
    Jun 27 at 4:06 pm

    Property Features for 20531 S Farm to Market 4

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Bathroom 3, Bedroom 3, Bedroom 4, Bedroom 1, Bathroom 2, Bathroom 1, Bedroom 2
    Parking
    4
    Parking features
    Carport, Secured, RV, Driveway, Covered
    Interior features
    CathedralCeilings, EatInKitchen, HighSpeedInternet, InLawFloorplan, OpenFloorplan
    Exterior features
    OutdoorShower, PrivateEntrance, RainGutters, RvHookup, Storage
    Fencing
    Fenced, Perimeter
    Appliances
    SomeGasAppliances, Dishwasher, ElectricRange, ElectricWaterHeater, GasRange, Microwave, PlumbedForGas
    Standard status
    Active
    APN
    5139
    Lot size
    3.44 Acres

    Utilities

    Sewer type
    Septic Tank
    Heating system
    Central, Electric (Heating)
    Cooling system
    Ceiling Fan(s), Central Air, Wall Unit(s)
    Water source
    Well

    Building Details

    Year built
    2012
    Floors in Building
    1
    Number of units
    2
    Flooring type
    Laminate, Concrete
    Building materials
    Concrete, SteelSiding
    Roof type
    Metal
    Additional Structures
    Storage

    We can help!

    Contact an agent
    Levi Gutierrez

    Listing agent Levi Gutierrez

    Listing office Maverick Land Group, LLC Weatherford, TX

    Listing date Apr 14, 2026

    MLS# 21209483 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.

    HighLights

    • 3.44 acres in Santo ISD, just outside city limits, with multiple homes and additional guest/office space
    • Main home is 1,991 SF with 2 bedrooms, 2 bathrooms, a large game room, and a covered carport and patio
    • Second home is 840 SF with 2 bedrooms, 1 bathroom, full kitchen, utility room, outdoor shower, and covered porches
    • 144 SF cottage adds extra private space for guests, office use, or additional rental potential
    • 30’ x 40’ foam‑insulated shop includes a 20’ x 15’ office and bathroom, plus RV hookup and RV parking
    • Utilities include co‑op water for one home and well water for the other; septic tank sewer and metal roof

    Overview

    This sale opportunity features a multi-home setup on 3.44 acres with well-maintained country character and room to customize. The main home offers 2 bedrooms, 2 bathrooms, a spacious living area, a utility room, and a large game room, complemented by a covered carport and patio. A second home provides 2 bedrooms, 1 bathroom, a full kitchen, living room, utility room, outdoor shower, and covered porches, creating strong options for long-term rental, short-term stays, or extended-family living. Additional space is provided by a small cottage that can serve as guest quarters, a private office, or another rental possibility. For buyers who want dedicated workspace, the property also includes a 30-by-40 foam-insulated shop with a 20-by-15 office and bathroom, well suited for a home business, workshop, or added income use.

    Located just outside the city limits in Santo ISD, the property sits between Stephenville, Granbury, Mineral Wells, and Gordon for access to everyday needs while maintaining a quieter setting. Water sources include co-op water for one home and well water for the other, supporting convenience and flexibility.

    With multiple separate living options and a substantial insulated shop, this is a practical fit for investors seeking diversified rental streams, families looking for multi-generational arrangements, or operators who need both housing and functional on-site workspace.
    Location Intelligence

    Current Use by Public Records

    Duplexes

    Map

    City
    Lipan
    County
    Hood
    State
    Texas
    Longitude
    -98.170068
    Latitude
    32.525078

    FAQs

    What type of property is this?
    Duplex - Multiple dwellings plus a large shop offer flexible long-term, short-term, and home-business income potential.
    Where is this duplex located?
    The property is located at 20531 S Farm to Market 4 Lipan, TX.
    What is the asking price?
    The asking price for this property is $544,995.
    What are key features of this property?
    This property features: 3.44 acres in Santo ISD, just outside city limits, with multiple homes and additional guest/office space; Main home is 1,991 SF with 2 bedrooms, 2 bathrooms, a large game room, and a covered carport and patio; Second home is 840 SF with 2 bedrooms, 1 bathroom, full kitchen, utility room, outdoor shower, and covered porches
    More about this property
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