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1425-1435 Groesbeck St

Stephenville, TX 76401
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Just listedJust listed
6 Bedroom(s)
2 Full Bath(s)
2,416 Sqft
0.69 Lot Acres
Multi-Family - 5 Plus

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Description

Prime Multi-family investment opportunity! Two home bundle sitting on a combined .69 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!

MLS#
NTREIS-21253345
List Price
$499,000 ($207/Sqft.)
Listing Status
For Sale
Address
1425-1435 Groesbeck St
City
Stephenville
State
TX
Zip Code
76401
County
Erath County
Subdivision
SOUTH SIDE ADDITION
Legal Description
Acres 0.401, S6200 SOUTH SIDE ADDITION, BLOCK 22;
Property Type
Multi-Family - 5 Plus
Bedroom
6 Bedroom(s)
Bath
2 Full Bath(s)
Stories
1
Building Size
2,416 Sqft/Appraisal District
Year Built
1954 /Appraisal District
Lot Size
0.69 Lot Acres/ASSESSOR
LP / Acre
$725,291 / Acre

Exterior

Roof
Composition
Foundation
Pillar/Post/Pier
Private Pool
No
Exterior Type
Siding, Vinyl Siding, Wood
Lot Description
Cleared, Few Trees, Interior Lot, Lrg. Backyard Grass
Parking
Driveway, On Site, On Street
Fencing
Chain Link,Privacy
Utility
City Sewer,City Water
Exterior
Covered Patio/Porch, Storage

Interior

Floors
Carpet, Laminate, Wood
Cooling
Central Air, Electric
Heating
Central, Electric
Window
Window Coverings
Appliances
Gas Range
Interior
Built-in Features, Cable TV Available, High Speed Internet Available

Lot Information

Lot Size
0.69 Lot Acres /ASSESSOR
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Information source

North Texas Real Estate Information Systems, Inc.
Source last updated May 03, 2026 at 02:36 AM
Listing last updated Apr 30, 2026 at 07:17 PM
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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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