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Apartment Property with Equestrian Improvements
For Sale
$950,000

1450 Lincoln Dr, Stephenville, TX 76401

Four quadplex buildings feature updated interiors, private yards, and a separate manufactured home with residential flexibility.

Property Size4,360 SF
Price / SF$217.89
Days on Market138

Property Features for 1450 Lincoln Dr

General Information

Standard status Active
Size 4,360 SF
Property subtype Multi-Family

Building Details

Year Built 1987
Listing Agency: Ebby Halliday Realtors
Listed By: Brittany Elkins (254) 965-7653
Source: Northtexashomeguide
Added: Apr 17 Changed: Aug 31 Last Checked: Aug 31 at 5:50PM

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 apartment property includes four quadplex buildings containing 16 total units, with each residence offering two bedrooms, one bathroom, appliances, stained concrete flooring, and a private fenced backyard. The property also includes a fully remodeled manufactured home with three bedrooms, two bathrooms, a screened porch, and a separate fenced yard. A new well serves the quadplex buildings.

Set on 5 acres at 1450 Lincoln Dr in Stephenville, the property combines multifamily housing with equestrian improvements. The grounds include a six-stall barn, arena, and loafing sheds, along with additional room for expanded facilities or another quadplex. The existing residential configuration supports income-producing use and includes a separate home that can serve as an owner’s residence, rental unit, or guest accommodation.

Key Highlights

  • Four quadplex buildings provide 16 total two‑bedroom, one‑bath units
  • Each apartment includes appliances, stained concrete floors, and a private fenced backyard
  • Fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch, and fenced yard

Property Analytics

Current Use

Quadplexes

Suggested Use

Top Pick Garden Center Bed & Breakfast Hotel & Motel

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

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

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?
Apartment building - Four quadplex buildings feature updated interiors, private yards, and a separate manufactured home with residential flexibility.
Where is this apartment building located?
The property is located at 1450 Lincoln Dr Stephenville, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four quadplex buildings provide 16 total two‑bedroom, one‑bath units; Each apartment includes appliances, stained concrete floors, and a private fenced backyard; Fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch, and fenced yard
More about this property
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