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54-Unit Apartment Complex with Arenas
For Sale
$8,000,000

295 Lindsey Lane, Stephenville, TX 76401

Apartment community includes a separate house, equestrian facilities, and on-site parking.

Property Size1,360 SF
Price / SF$5,882
Days on Market748

Property Features for 295 Lindsey Lane

General Information

Standard status Active
Size 1,360 SF
Total Parking Spaces 120
Property subtype Multi-Family / Multiple Single Units

Additional Details

Multifamily Units 54

Amenities

covered arena
outside arena
pavillion
Attic Fan, Ceiling Fan(s), Central Air, Electric
Central
Concrete
Electric Range, Electric Water Heater, Microwave, Refrigerator
Pantry
No
Metal
One
1
Slab
Assessor
55
Metal Siding

Building Details

Year Built 2012
Buildings 6
Listing Agency: Keller Williams Brazos West
Listed By: Kyle Varnado · License #0661389
Source: Compass
Added: Aug 16, 2024 Changed: Aug 29 Last Checked: Aug 29 at 9:13PM

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 Keller Williams Brazos West

Investment Insights

Based on property information with market context.

This 2012 apartment property comprises 54 apartments along with a separate three-bedroom, two-bath house positioned among mature trees. The improvements include central air, electric service, concrete elements, metal siding, and slab construction. A pavilion is located near the entrance, and parking is provided throughout the complex.

The equestrian component includes 144 stalls, a covered arena with a return alley, and an additional outdoor arena. The property is located within half a mile of the Tarleton Rodeo Facility in Stephenville, Texas, providing a defined connection to the surrounding rodeo setting. The combination of residential units, a detached house, arenas, stalls, and common-area improvements creates a specialized multifamily property with substantial on-site facilities.

Key Highlights

  • 54 apartments plus a separate 3‑bedroom, 2‑bath house
  • 144 stalls included on the property
  • Covered arena with return alley

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick HVAC Service Storage Facility

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

54
Residential units

Location Intelligence

Trade Area within ½ mile

1
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 - Apartment community includes a separate house, equestrian facilities, and on-site parking.
Where is this apartment building located?
The property is located at 295 Lindsey Lane Stephenville, TX.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: 54 apartments plus a separate 3‑bedroom, 2‑bath house; 144 stalls included on the property; Covered arena with return alley
More about this property
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