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Four-Building Quadplex Property
For Sale
$675,000

1450 A Lincoln Drive, Stephenville, TX 76401

ResidentialIncome, Stephenville, TX

Property SizeContact for details
Lot Size3.00 Acres
Days on Market70

Property Features for 1450 A Lincoln Drive

General Information

Property type Residential Multi Family
Property subtype Other
Bedrooms 8
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 3, Bedroom 8, Bedroom 2, Bathroom 2, Bedroom 6, Bathroom 1, Bathroom 4, Bedroom 7, Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 5
Parking 4
Patio and Porch features Porch
Interior features DecorativeDesignerLightingFixtures, EatInKitchen
Fireplace 1
Appliances Dryer, ElectricOven, ElectricRange
Subdivision Springfield Park #11
Lot features Acreage, Cleared, Few Trees
Elementary school Central
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
Standard status Active
APN R000044390
Lot size 3.00 Acres

Taxes and HOA fees

Tax Description ACRES: 5.000 S6410 SPRINGFIELD PARK; LOT 11;
Tax Annual Amount 9737
Legal Description ACRES: 5.000 S6410 SPRINGFIELD PARK; LOT 11;

Utilities

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

Amenities

private fenced backyards

Building Details

Year built 1987
Floors in Building 1
Number of units 4
Flooring type Vinyl, Concrete
Roof type Shingle, Metal
Listing Agency: Ebby Halliday Realtors
Listed By: Brittany Elkins
Added: Jul 11 Changed: Sep 15 Last Checked: Sep 18 at 6:06PM
MLS# 21253393

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 multifamily property comprises four quadplex buildings on 3 acres, with each building configured with two-bedroom, one-bath units. The residences include appliances, stained concrete floors, private fenced backyards, porches, central heating and cooling, and ceiling fans. Electric ranges and ovens, dryers, decorative lighting, and eat-in kitchens are also included. Flooring consists of concrete and vinyl, while roofing includes shingle and metal materials.

The property is located in Stephenville, Texas, and is served by a well and septic tank. The units have maintained occupancy and are income producing. A fireplace is also present among the property features.

Key Highlights

  • Four quadplex buildings on 3 acres
  • Each unit offers 2 bedrooms and 1 bath
  • Private fenced backyards and porches

Property Analytics

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Current Use

Quadplexes

Lease Details

16
Residential units
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

4
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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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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?
Quadplex - Income-producing multifamily asset with furnished kitchens, private fenced yards, and on-site well and septic service.
Where is this quadplex located?
The property is located at 1450 A Lincoln Drive Stephenville, TX.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Four quadplex buildings on 3 acres; Each unit offers 2 bedrooms and 1 bath; Private fenced backyards and porches
More about this property
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