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    693 County Road 501 Stephenville, TX 76401

    For Sale
    $1,295,000

    Multiple Single Units - Stephenville, TX

    Lot size:
    15.00 Acres
    Days on Market:
    51
    Last Refresh:
    Dec 6 at 11:06 am

    Property Features for 693 County Road 501

    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
    8
    Bathrooms
    6
    APN
    R000015707
    Parking features
    Carport
    Interior features
    Built-in Features, High Speed Internet Available, Pantry, Vaulted Ceiling(s), Walk-in Closet(s)
    Appliances
    Cooktop, Cooktop - Gas, Dishwasher, Washer
    Lot size
    15.00 Acres

    Utilities

    Heating system
    Central, Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1983
    Floors in Building
    1
    Flooring type
    Laminate, Vinyl, Wood
    Building materials
    Steel Siding, Stone, Stone Veneer
    Roof type
    Asphalt, Metal
    Architectural style
    Other

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

    Listing agent Clinton Mckeehan (254) 335-0500 License #0796386

    Listing date Oct 17, 2025

    MLS# 20821997 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

    Income-Producing Horse Property Near Stephenville

    This income-producing horse property is located approximately 5 minutes from Stephenville. The property, spanning approximately 15.1 acres (to be surveyed), features a newly remodeled 2,520 sq. ft. main home with 4 bedrooms and 2.5 bathrooms, complete with an inground swimming pool. The property includes a lighted arena with a return alley and stock holding pens. Adjacent to the main home are three apartments, five full RV hookups, and six horse stalls with pipe-fenced turnouts. Additional amenities include turnouts with sheds able to accommodate up to 24 additional horses, and a large, approximately 100'x50' commodity barn with covered working pens and tack rooms. Rental income is generated from one 2-1 rental unit and two 1-1 rental units that are all currently rented. There is also rental income from the horse stalls and turnouts for additional horses. The five RV spaces are consistently rented and provide steady income. The property offers possibilities to live in the main house while generating income from the apartments and stalls.
    Location Intelligence

    Current Use by Public Records

    Campgrounds

    Suggested Use

    Auto Repair Shop Department Store Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Stephenville
    County
    Erath
    State
    Texas
    Longitude
    -98.234835
    Latitude
    32.170688

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    FAQs

    What type of property is this?
    Horse & equestrian property - 15-acre horse property with main house, apartments, RV hookups, stalls.
    Where is this horse & equestrian property located?
    The property is located at 693 County Road 501 Stephenville, TX.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: - Income-producing horse property with rental income from apartments, RV hookups, and horse facilities.; - Remodeled 2,520 sq. ft. main home features 4 beds, 2.5 baths, and an inground swimming pool.; - Horse facilities include a lighted arena, stock holding pens, six horse stalls with turnouts, and turnouts with sheds for up to 24 horses.
    (254) 335-0500
    Request Owner's contact information
    693 County Road 501 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
    693 County Road 501 Stephenville, TX 76401
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