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Leased Duplex Near Tarleton
For Sale
$365,000

1391 N Paddock Street, Stephenville, TX 76401

ResidentialIncome, Stephenville, TX

Property SizeContact for details
Lot Size0.17 Acres
Days on Market90

Property Features for 1391 N Paddock Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 2, Bedroom 4, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 5, Bedroom 6
Parking 4
Parking features Driveway, Carport, Covered
Interior features BuiltInFeatures, DecorativeDesignerLightingFixtures, TileCounters, CableTv
Fencing Privacy
Appliances ElectricRange
Subdivision Crow Styles Add
Lot features Back Yard, Corner Lot, Lawn, Few Trees
Elementary school Chamberlai
Middle school Gilbert,Stephenvil
High school Stephenvil
Elementary school district Stephenville ISD
Middle school district Stephenville ISD
High school district Stephenville ISD
Directions GPS Friendly, SOP
Standard status Active
APN R000031157
Lot size 0.17 Acres

Taxes and HOA fees

Tax Description S3200 CROW STYLES ADDITION BLOCK 12 LOT 1B &
Tax Annual Amount 4077
Legal Description S3200 CROW STYLES ADDITION BLOCK 12 LOT 1B &

Utilities

Sewer type Public Sewer
Heating system Electric (Heating)
Cooling system Electric, Wall Unit(s), Ceiling Fan(s)
Water source Public

Building Details

Year built 1930
Floors in Building 1
Number of units 2
Flooring type Tile, Wood, Vinyl
Building materials Brick
Roof type Metal
Listing Agency: Ebby Halliday Realtors
Listed By: Eric Hayden · License #0606910
Added: Jun 10 Changed: Sep 6 Last Checked: Sep 7 at 6:06PM
MLS# 21242182

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.

Investment Insights

Based on property information with market context.

This duplex includes two residential units, each configured with 3 bedrooms and 1 bathroom. The property is 100% leased, with current lease terms extending through June 30, 2026, for Unit A and July 31, 2026, for Unit B. Built in 1930, the structure features brick construction, metal roofing, tile, wood, and vinyl flooring, plus electric heating and cooling systems that include wall units and ceiling fans.

Located at 1391 N Paddock Street in Stephenville, the property is positioned near Tarleton State University. The 0.17-acre parcel includes driveway parking, a covered carport, privacy fencing, public water, and public sewer. Interior features include tile counters, built-in features, decorative lighting, cable TV, and an electric range.

Key Highlights

  • Two‑unit duplex with 3 bedrooms and 1 bathroom per unit
  • 100% leased with Unit A through June 30, 2026, and Unit B through July 31, 2026
  • 0.17‑acre parcel at 1391 N Paddock Street, Stephenville, TX 76401

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
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom units offer a fully leased residential income property with separate functional floor plans.
Where is this duplex located?
The property is located at 1391 N Paddock Street 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 3 bedrooms and 1 bathroom per unit; 100% leased with Unit A through June 30, 2026, and Unit B through July 31, 2026; 0.17‑acre parcel at 1391 N Paddock Street, Stephenville, TX 76401
More about this property
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