Multifamily Land Near Tarleton
For Sale
$525,000
Rosebud Drive, Stephenville, TX 76401
Land, Stephenville, TX
Property SizeContact for details
Lot Size1.24 Acres
Days on Market97
Property Features for Rosebud Drive
General Information
Property type
Land
Property subtype
Other
Zoning description
R-3 Multi Family
Vegetation
Grassed
Subdivision
North Hillcrest
Lot features
Acreage, Few Trees, City Lot
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
From the intersection of HWY 108 and Lingleville RD, head southwest on Lingleville Rd towards Belknap for 1.5 miles. Turn Left onto Bluebonnet St, then right onto Rosebud St, Destination on Right. Sign in yard.
Standard status
Active
APN
R000032680
Lot size
1.24 Acres
Taxes and HOA fees
Tax Description
ACRES: 1.241 S5250 NORTH HILLCREST; BLOCK 1;
Tax Annual Amount
696
Legal Description
ACRES: 1.241 S5250 NORTH HILLCREST; BLOCK 1;
Utilities
Sewer type
Public Sewer
Water source
Public
Listing Agency:
Stag Residential
(940) 400-7824
Listed By:
Jeff Withers · License #0644917
(940) 391-2028
Added: Jun 3
Changed: Aug 22
Last Checked: Sep 7 at 7:06AM
MLS# 21037808
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 1.241-acre parcel is zoned R3 Multifamily and presents an opportunity for development. The site is located just over one mile from Tarleton State University, making it suitable for a 25–30 unit multifamily development. The location caters to the demand for rental housing from students, faculty, and the local workforce. This property is suited for investors and developers looking for a value-add project in a market characterized by consistent occupancy rates and steady rental demand. The limited supply of multifamily land near the university enhances the value of this tract, offering the potential to capitalize on both location and zoning flexibility.
Key Highlights
- R3 Multifamily zoning allows for 25‑30 unit development.
- Located just over one mile from Tarleton State University.
- High rental demand from students, faculty, and local workforce.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
290
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Strategically located land parcel zoned for multifamily development near university.
Where is this residential land & home lot located?
The property is located at Rosebud Drive Stephenville, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: R3 Multifamily zoning allows for 25‑30 unit development.; Located just over one mile from Tarleton State University.; High rental demand from students, faculty, and local workforce.
