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Leased Two-Unit Duplex
For Sale
$365,000

1391 N Paddock St, Stephenville, TX 76401

Two three-bedroom residences are fully occupied under leases extending into 2026.

Property Size1,639 SF
Price / SF$222.70
Days on Market193

Property Features for 1391 N Paddock St

General Information

Standard status Active
Size 1,639 SF
Property subtype Multi-Family
Occupancy 100%

Units

Unit Mix 2 x 3BR/1BA
Multifamily Units 2

Building Details

Year Built 1930
Tenancy Multi
Listing Agency: Ebby Halliday Realtors
Listed By: Eric Hayden (254) 965-7653 · License #0606910
Source: Northtexashomeguide
Added: Feb 17 Changed: Aug 28 Last Checked: Aug 28 at 9:03PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ebby Halliday Realtors

Investment Insights

Based on property information with market context.

This duplex contains 1,639 square feet and was built in 1930. The property is configured as two separate residences, with each unit offering three bedrooms and one bathroom. Both units are currently leased, with Unit A committed through June 30, 2026, and Unit B through July 31, 2026.

The property is located at 1391 N Paddock St in Stephenville, Texas, near Tarleton State University. Its two-unit layout and existing tenancy provide a straightforward residential income configuration in a location described as popular with Tarleton students.

Key Highlights

  • Two‑unit duplex with 1,639 square feet
  • Each unit includes 3 bedrooms and 1 bathroom
  • 100% leased occupancy

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office (Bike/Boat/Book/etc) Store Gym & Fitness Center Home Appliance Store Food Market Butcher

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
100%
Occupancy
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

546
Businesses Nearby

Demographics for 76401, TX

30,144
Population
13,826
Households
2.2
Avg Household Size
30
Median Age
35%
College-Educated
90%
High-School Grad
411.3 sq mi
ZIP Area
73
Density / Sq Mi
$60,864
Median Household Income
$31,925
Median Earnings
$1,136
Median Rent
$252,000
Median Home Value

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom residences are fully occupied under leases extending into 2026.
Where is this duplex located?
The property is located at 1391 N Paddock St Stephenville, TX.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Two‑unit duplex with 1,639 square feet; Each unit includes 3 bedrooms and 1 bathroom; 100% leased occupancy
More about this property
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