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    295 Lindsey Ln Stephenville, TX 76401

    For Sale
    $8,000,000

    Multiple Single Units - Stephenville, TX

    Lot size:
    7.35 Acres
    Days on Market:
    200
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 295 Lindsey Ln

    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
    99
    Bathrooms
    25
    APN
    R000077949
    Parking
    120
    Interior features
    Pantry
    Appliances
    Microwave, Range, Refrigerator
    Lot size
    7.35 Acres

    Utilities

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

    Building Details

    Year built
    2012
    Floors in Building
    1
    Flooring type
    Concrete
    Building materials
    Metal Siding
    Roof type
    Metal
    Architectural style
    Other

    Keller Williams Heritage West (254) 335-0500 [email protected]

    Listing agent Kyle Varnado (254) 335-0500 License #0661389

    Listing date May 21, 2025

    MLS# 20938973 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 Multifamily Investment Opportunity

    This unique investment opportunity features a complex of 54 apartments, offering a continuous stream of potential tenants due to its location within half a mile of the Tarleton Rodeo Facility. The property includes a 3-bedroom, 2-bath house situated among mature trees. Equestrian amenities include 144 stalls for additional income generation, a covered arena with a return alley, and an outdoor arena. A pavilion near the entrance enhances the curb appeal for tenants. The property provides ample parking throughout the complex and occupies a 7.35-acre lot.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    HVAC Service Storage Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.283092
    Latitude
    32.291024

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    FAQs

    What type of property is this?
    Apartment building - Multifamily complex near Tarleton Rodeo Facility with equestrian amenities.
    Where is this apartment building located?
    The property is located at 295 Lindsey Ln Stephenville, TX.
    What is the asking price?
    The asking price for this property is $8,000,000.
    What are key features of this property?
    This property features: - Prime location near Tarleton Rodeo Facility, great for potential tenants.; - 54 apartments provide a substantial rental income.; - Additional income from 144 stalls.
    (254) 335-0500
    Request Owner's contact information
    295 Lindsey Ln 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
    295 Lindsey Ln Stephenville, TX 76401
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