1040 W Oak Street, Stephenville, TX 76401

Building Details

Year Built

2025

Listing agent Marandy Dove

Listing office Marandy Dove Realty

Listing date Apr 25, 2026

Source Signaturere

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Overview

This .439-acre property presents a multifamily development opportunity in Stephenville. The project includes plans for three duplexes, totaling six units with 18 bedrooms. Located in a sought-after rental area, the property is positioned to capitalize on demand from Tarleton State University. The site comes ready for development with architectural plans, civil plans, an approved replat, and a builder's construction estimate. City water and sewer are already available on site. The builder estimates a 4–6 month construction timeline once building permits are issued by the City, with completion targeted for summer 2026. This timing is intended to align with Tarleton student leasing for the 2026–2027 academic year, making it suitable for investors looking to enter or expand within the Stephenville rental market.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

Location Insight

• Map
• Local Demand

City

Stephenville

County

Erath

State

Texas

Longitude

-98.217735

Latitude

32.225541

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FAQs

What type of property is this?

Commercial land - Development-ready .439-acre property with plans for 6 units.

Where is this commercial land located?

The property is located at 1040 W Oak Street Stephenville, TX.

What is the asking price?

The asking price for this property is $320,000.

What are key features of this property?

This property features: Prime location in a sought‑after Stephenville rental corridor near Tarleton State University.; Turnkey development opportunity with included architectural plans, civil plans, approved replat, and builder's construction estimate.; Projected completion for Summer 2026, aligning perfectly with Tarleton State University's 2026‑2027 student leasing cycle.