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Duplexes on R-3 Zoned Lot
For Sale
$450,000

1425-1435 Groesbeck Street, Stephenville, TX 76401

MULTI_FAMILY - Stephenville, TX

Property Size2,416 SF
Lot Size0.69 Acres
Price / SF$186.26
Days on Market31

Property Features for 1425-1435 Groesbeck Street

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 6
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 5, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 6, Bedroom 2, Bedroom 4, Bathroom 1
Parking 4
Parking features On Street, Driveway
Interior features BuiltInFeatures, HighSpeedInternet, CableTv
Exterior features Storage
Fencing Privacy
Appliances GasRange
Subdivision SOUTH SIDE ADDITION
Lot features Back Yard, Cleared, Interior 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 R000033650
Size 2,416 SF
Lot size 0.69 Acres

Taxes and HOA fees

Tax Description Acres 0.401, S6200 SOUTH SIDE ADDITION, BLOCK 22;
Tax Annual Amount 7603
Legal Description Acres 0.401, S6200 SOUTH SIDE ADDITION, BLOCK 22;

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Ceiling Fan(s), Central Air, Electric
Water source Public

Building Details

Year built 1954
Floors in Building 1
Number of units 2
Flooring type Wood, Carpet, Laminate
Building materials VinylSiding, WoodSiding
Roof type Composition
Additional Structures Storage
Listing Agency: Ebby Halliday Realtors
Listed By: Eric Hayden · License #0606910
Added: Jun 30 Changed: Jul 30 Last Checked: Jul 30 at 11:06PM
MLS# 21253345

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.

Two tenant-occupied duplex-style homes are offered as a two-home bundle on a combined 0.688-acre lot. The homes each feature three bedrooms and one full bathroom, and the property totals 2,416 square feet. The site includes storage, with privacy fencing, and parking provided via on-street spaces and driveways.

The property is already zoned R-3 and is described as a potential fit for replanning, including an option to replat for a multi-family complex. Utilities are in place with public water and public sewer, along with a composition roof. Heating is electric (central) and cooling is central air with electric, supported by in-home features that include built-in features, high-speed internet, and cable TV.

Built in 1954, the homes are positioned just minutes from Tarleton State University in Stephenville, Texas.

Key Highlights

  • Two tenant‑occupied homes, each with three bedrooms and one full bathroom
  • 0.688‑acre lot described as suitable for replatting under R‑3 zoning
  • R‑3 zoning already in place

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Grocery & Convenience Store HVAC Service (Bike/Boat/Book/etc) Store Storage Facility Electrical Service

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

Location Intelligence

Trade Area within ½ mile

459
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
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two tenant-occupied homes, each with three bedrooms and one full bath, on a 0.688-acre R-3 zoned lot.
Where is this duplex located?
The property is located at 1425-1435 Groesbeck Street Stephenville, TX.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Two tenant‑occupied homes, each with three bedrooms and one full bathroom; 0.688‑acre lot described as suitable for replatting under R‑3 zoning; R‑3 zoning already in place
More about this property
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