Turnkey Student Rental
For Sale
Under Contract
$179,000
632 N Ollie Street, Stephenville, TX 76401
MULTI_FAMILY - Stephenville, TX
Lot Size0.12 Acres
Days on Market21
Property Features for 632 N Ollie Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
2
Bathrooms
1
Full bathrooms
1
Rooms
Bedroom 2, Bathroom 1, Bedroom 1
Parking
1
Parking features
Driveway
Interior features
BuiltInFeatures, EatInKitchen, GraniteCounters, HighSpeedInternet
Exterior features
FirePit, Storage
Fencing
Privacy
Appliances
ElectricRange
Subdivision
College Heights
Lot features
Interior Lot
Elementary school
Chamberlai
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, SOP
Standard status
Active Under Contract
APN
R000030901
Lot size
0.12 Acres
Taxes and HOA fees
Tax Description
S2800 COLLEGE HEIGHTS; BLOCK 11; LOT 19
Tax Annual Amount
1723
Legal Description
S2800 COLLEGE HEIGHTS; BLOCK 11; LOT 19
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Window Unit(s), Central Air, Electric
Water source
Public
Building Details
Year built
1947
Floors in Building
1
Number of units
1
Flooring type
Vinyl
Roof type
Asphalt
Additional Structures
Storage
Listing Agency:
Ebby Halliday Realtors
(254) 965-7653
Listed By:
Eric Hayden · License #0606910
(972) 772-1369
Added: Jul 11
Changed: Jul 30
Last Checked: Jul 31 at 12:06AM
MLS# 21247901
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 single-family 2-bedroom, 1-bath home is set up for straightforward ownership with a manageable layout designed for low-maintenance living. The property is being offered with a tenant in place, providing immediate rental income rather than requiring a vacancy period or a leasing push.
Located in Stephenville, the home is described as just steps from Tarleton State University, with walking-distance convenience that supports consistently strong rental demand associated with the campus community. The existing lease structure helps reduce early execution risk for investors seeking reliable cash flow.
With the lease in place through June 30, 2027, this is a practical fit for investors looking for a turnkey rental in a high-demand student/faculty area. It also offers portfolio expansion upside for buyers who want dependable income from day one while positioning for longer-term returns tied to ongoing university growth and enrollment momentum.
Located in Stephenville, the home is described as just steps from Tarleton State University, with walking-distance convenience that supports consistently strong rental demand associated with the campus community. The existing lease structure helps reduce early execution risk for investors seeking reliable cash flow.
With the lease in place through June 30, 2027, this is a practical fit for investors looking for a turnkey rental in a high-demand student/faculty area. It also offers portfolio expansion upside for buyers who want dependable income from day one while positioning for longer-term returns tied to ongoing university growth and enrollment momentum.
Key Highlights
- 2‑bedroom, 1‑bath single‑family home built in 1947
- Tenant in place through June 30, 2027 at $1,400 per month
- Public utilities: public water and public sewer
Property Analytics
Property Profile
Current Use
Lease Details
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
521
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Single family property - 2-bedroom, 1-bath home with an in-place tenant through June 2027 for steady investment income.
Where is this single family property located?
The property is located at 632 N Ollie Street Stephenville, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: 2‑bedroom, 1‑bath single‑family home built in 1947; Tenant in place through June 30, 2027 at $1,400 per month; Public utilities: public water and public sewer
