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Leased Duplex Near Tarleton
For Sale
$365,000

1391 North Paddock Avenue, Stephenville, TX 76401

Two three-bedroom units provide a practical configuration for student-oriented rental demand.

Property Size1,639 SF
Price / SF$222.70
Days on Market215

Property Features for 1391 North Paddock Avenue

General Information

Standard status Active
Size 1,639 SF
Total Parking Spaces 4
Property subtype Multi-Family / Full Duplex
Occupancy 100%

Units

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

Amenities

Ceiling Fan(s), Electric, Wall Unit(s), Other
Electric, Other
Tile, Vinyl, Wood
Electric Range
Window Coverings
Built-in Features, Cable TV Available, Decorative Lighting, Tile Counters
No
Metal
One
Chain Link, Privacy, Wood
Other
1
Slab
Assessor
2
Brick, Siding

Building Details

Year Built 1930
Buildings 1
Listing Agency: Ebby Halliday Realtors
Listed By: ERIC HAYDEN · License #0606910
Source: Compass
Added: Jan 30 Changed: Aug 31 Last Checked: Sep 1 at 11:30PM

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 at 1391 North Paddock Avenue contains 1,639 square feet and was built in 1930. The property is divided into two units, each with three bedrooms and one bathroom, creating a six-bedroom, two-bathroom configuration. Interior features include tile, vinyl, and wood flooring, electric ranges, ceiling fans, wall units, window coverings, and tile counters.

Both units are fully leased. Unit A has a lease extending through June 30, 2026, while Unit B is leased through July 31, 2026. The property is located in Stephenville, minutes from Tarleton State University and within an area identified as popular with Tarleton students.

Key Highlights

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

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick HVAC Service Storage Facility

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

Location Intelligence

Trade Area within ½ mile

1
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 provide a practical configuration for student-oriented rental demand.
Where is this duplex located?
The property is located at 1391 North Paddock Avenue 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; Property is 100% leased
More about this property
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