Residential Income Home with
For Sale
$395,000
940 Elk Rdg Drive, Stephenville, TX 76401
ResidentialIncome, Stephenville, TX
Property SizeContact for details
Lot Size0.22 Acres
Days on Market58
Property Features for 940 Elk Rdg Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bathroom 1, Bedroom 2, Bedroom 3, Bedroom 1
Parking
1
Parking features
Open, Garage, Driveway
Interior features
DecorativeDesignerLightingFixtures, GraniteCounters, OpenFloorplan, Pantry, WalkInClosets
Exterior features
DogRun, RainGutters
Fencing
Privacy
Fireplace
1
Appliances
Dishwasher, ElectricRange, ElectricWaterHeater, Microwave
Subdivision
Elk Rdg Estates Ph III
Lot features
Landscaped, Few Trees
Elementary school
Central
Middle school
Stephenvil
High school
Stephenvil
Elementary school district
Stephenville ISD
Middle school district
Stephenville ISD
High school district
Stephenville ISD
Directions
GPS Accurate
Standard status
Active
APN
R000075342
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
ACRES: 0.217 S4067 ELK RIDGE ESTATES; PHASE I
Tax Annual Amount
6010
Legal Description
ACRES: 0.217 S4067 ELK RIDGE ESTATES; PHASE I
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Ceiling Fan(s), Central Air
Water source
Public
Building Details
Year built
2019
Floors in Building
1
Number of units
1
Flooring type
Carpet, Tile
Building materials
Brick, Rock, Stone
Roof type
Composition
Listing Agency:
Ebby Halliday Realtors
(254) 965-7653
Listed By:
Jamie Evans
(972) 772-1369
Added: Jul 8
Changed: Aug 31
Last Checked: Sep 3 at 7:06AM
MLS# 21276659
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.
Set in the Elk Ridge neighborhood of Stephenville, this well-maintained 3-bedroom, 2-bath home is designed for everyday comfort and easy living. The interior features a spacious living area that flows into the dining and kitchen spaces, supported by ample cabinetry and workspace. The primary suite includes a private bath, while the two additional bedrooms offer flexibility for guests, family, or a home office. Outside, the large backyard and expansive patio create a practical setting for outdoor entertaining and relaxation.
The property is located in Stephenville, Erath County, and is positioned on a manageable lot size. It is currently leased, providing near-term income stability with the house leased until June 2027. The home’s curb appeal and overall upkeep are evident upon arrival, supporting a clean, turn-key appearance for continued occupancy.
This home is a strong fit for investors seeking a residential income asset with an in-place tenant and a lease term extending to June 2027. It may also appeal to owner-occupants planning ahead, given the flexible bedroom layout and outdoor living space centered around the patio. The combination of a functional interior plan and established tenancy makes it a practical option for both income-focused buyers and longer-term residents.
The property is located in Stephenville, Erath County, and is positioned on a manageable lot size. It is currently leased, providing near-term income stability with the house leased until June 2027. The home’s curb appeal and overall upkeep are evident upon arrival, supporting a clean, turn-key appearance for continued occupancy.
This home is a strong fit for investors seeking a residential income asset with an in-place tenant and a lease term extending to June 2027. It may also appeal to owner-occupants planning ahead, given the flexible bedroom layout and outdoor living space centered around the patio. The combination of a functional interior plan and established tenancy makes it a practical option for both income-focused buyers and longer-term residents.
Key Highlights
- 3‑bedroom, 2‑bath home built in 2019 in the Elk Ridge neighborhood of Stephenville
- Lease in place through June 2027
- Open floorplan with granite countertops, pantry, and walk‑in closets
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
31
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Single family property - Well-kept 3-bedroom, 2-bath home with a large patio and backyard, currently leased through June 2027.
Where is this single family property located?
The property is located at 940 Elk Rdg Drive Stephenville, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: 3‑bedroom, 2‑bath home built in 2019 in the Elk Ridge neighborhood of Stephenville; Lease in place through June 2027; Open floorplan with granite countertops, pantry, and walk‑in closets
