Multifamily Property with Equestrian
For Sale
Under Contract
$950,000
1450 Lincoln Drive, Stephenville, TX 76401
ResidentialIncome, Stephenville, TX
Property SizeContact for details
Lot Size5.00 Acres
Days on Market100
Property Features for 1450 Lincoln Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 1, Bedroom 10, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 8, Bedroom 1, Bedroom 7, Bedroom 2, Bedroom 11, Bedroom 9, Bathroom 2, Bedroom 3, Bathroom 6, Bedroom 4, Bedroom 6, Bathroom 5
Parking
6
Parking features
Carport
Patio and Porch features
Deck
Interior features
DecorativeDesignerLightingFixtures, EatInKitchen
Exterior features
Deck
Fireplace
1
Appliances
Dryer, ElectricOven, ElectricRange, GasCooktop, Refrigerator, Washer
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 Under Contract
APN
R000044390
Lot size
5.00 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
Electric (Heating), Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Well, Private
Amenities
private fenced backyards
screened porch
fenced yard
6-stall barn
arena
loafing sheds
Building Details
Year built
1987
Floors in Building
1
Number of units
5
Flooring type
Concrete, Vinyl
Roof type
Metal, Shingle
Listing Agency:
Ebby Halliday Realtors
(254) 965-7653
Listed By:
Brittany Elkins
(972) 772-1369
Added: Jul 11
Changed: Oct 2
Last Checked: Oct 18 at 9:06PM
MLS# 21266459
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.
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Investment Insights
Based on property information with market context.
This multifamily property spans 5 acres and includes four quadplex buildings with 2-bedroom, 1-bath units. The residences feature appliances, stained concrete floors, and private fenced backyards. A remodeled manufactured home adds 3 bedrooms, 2 baths, a screened porch, and a separate fenced yard, providing an additional residential component. Central heating and cooling, electric service, carport parking, and a combination of concrete and vinyl flooring are among the property features.
Outdoor improvements include a 6-stall barn, arena, and loafing sheds. The quadplex buildings are served by a new well, while the property uses private well water and a septic tank. The asset has maintained occupancy and is income producing. Located at 1450 Lincoln Drive in Stephenville, the property combines multiple residential buildings with substantial acreage and existing agricultural-style improvements.
Outdoor improvements include a 6-stall barn, arena, and loafing sheds. The quadplex buildings are served by a new well, while the property uses private well water and a septic tank. The asset has maintained occupancy and is income producing. Located at 1450 Lincoln Drive in Stephenville, the property combines multiple residential buildings with substantial acreage and existing agricultural-style improvements.
Key Highlights
- Four quadplex buildings with 2‑bedroom, 1‑bath units
- 5‑acre multifamily property in Stephenville, TX
- Remodeled manufactured home with 3 bedrooms, 2 baths, screened porch, and fenced yard
Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Four quadplex buildings and a remodeled manufactured home create a multi-structure income property on a five-acre tract.
Where is this multifamily property located?
The property is located at 1450 Lincoln Drive 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 with 2‑bedroom, 1‑bath units; 5‑acre multifamily property in Stephenville, TX; Remodeled manufactured home with 3 bedrooms, 2 baths, screened porch, and fenced yard
