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8-Unit Apartment Building with Shop
For Sale
$2,250,000

171-187 Gibson Lane, Weatherford, TX 76088

ResidentialIncome, Weatherford, TX

Property SizeContact for details
Lot Size1.00 Acres
Days on Market109

Property Features for 171-187 Gibson Lane

General Information

Property type Residential Multi Family
Property subtype Duplex
Bedrooms 3
Bathrooms 2
Full bathrooms 2
Rooms Bedroom 1, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 3
Parking 16
Parking features Carport
Interior features Dumbwaiter
Appliances Dishwasher, ElectricOven, ElectricRange, ElectricWaterHeater, Disposal
Subdivision Zion Hill Estates
Elementary school Peaster
Middle school Peaster
High school Peaster
Elementary school district Peaster ISD
Middle school district Peaster ISD
High school district Peaster ISD
Directions i-20 to Center Point exit. North on Center Point which turns into Ric Williamson (East Loop). Right on Zion Hill Road to left on Gibson Lane
Standard status Active
APN R000096744
Lot size 1.00 Acres

Additional Details

Tenant in Place Yes

Taxes and HOA fees

Tax Description Acres: 2.590, Lot: 1, Blk: 1, Subd: ZION HILL ESTA
Tax Annual Amount 4934
Legal Description Acres: 2.590, Lot: 1, Blk: 1, Subd: ZION HILL ESTA

Utilities

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

Amenities

large shop

Building Details

Year built 2009
Floors in Building 1
Number of units 8
Flooring type Concrete
Building materials Brick
Roof type Composition
Listing Agency: Fathom Realty
Listed By: Woody Willhite · License #0513506
Added: Jul 17 Changed: Oct 29 Last Checked: Nov 2 at 11:06AM
MLS# 21254906

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.

Rey
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Investment Insights

Based on property information with market context.

Built in 2009, the property includes eight three-bedroom, two-bath apartment units constructed with brick and finished with concrete flooring. Each unit is equipped with a dishwasher, electric oven, electric range, electric water heater, and disposal. Central electric heating and cooling, composition roofing, carport parking, and a dumbwaiter are also provided. A separate large shop adds functional space to the improvements.

The 1.004-acre property is served by a well and septic systems and is situated within Peaster ISD. The apartment units are fully leased, providing an established occupancy profile for the property.

Key Highlights

  • Eight 3‑bedroom, 2‑bath units
  • Fully leased apartment property
  • 1.004 acres

Property Analytics

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Lease Details

8
Residential units
100%
Occupancy
Yes
Utilities to site

Location Intelligence

Trade Area within ½ mile

29
Businesses Nearby

Demographics for 76088, TX

13,794
Population
5,573
Households
2.5
Avg Household Size
42
Median Age
30%
College-Educated
93%
High-School Grad
161.5 sq mi
ZIP Area
85
Density / Sq Mi
$107,431
Median Household Income
$53,282
Median Earnings
$1,443
Median Rent
$374,900
Median Home Value
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Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025

Frequently Asked Questions

What type of property is this?
Apartment building - Brick construction, central HVAC, carport parking, and well and septic service support the apartment configuration.
Where is this apartment building located?
The property is located at 171-187 Gibson Lane Weatherford, TX.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Eight 3‑bedroom, 2‑bath units; Fully leased apartment property; 1.004 acres
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