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632 N Ollie St

Stephenville, TX 76401
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Just listedJust listed
2 Bedroom(s)
1 Full Bath(s)
0.12 Lot Acres
Multi-Family - 5 Plus

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Description

Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.

MLS#
NTREIS-21247901
List Price
$179,000
Listing Status
For Sale
Address
632 N Ollie St
City
Stephenville
State
TX
Zip Code
76401
County
Erath County
Subdivision
College Heights
Legal Description
S2800 COLLEGE HEIGHTS; BLOCK 11; LOT 19
Property Type
Multi-Family - 5 Plus
Bedroom
2 Bedroom(s)
Bath
1 Full Bath(s)
Stories
1
Year Built
1947 /Appraisal District
Lot Size
0.12 Lot Acres/ASSESSOR

Exterior

Roof
Asphalt
Foundation
Pillar/Post/Pier
Private Pool
No
Exterior Type
Siding
Lot Description
Interior Lot
Parking
Driveway
Fencing
Chain Link,Privacy,Wood
Utility
City Sewer,City Water
Exterior
Fire Pit, Storage

Interior

Floors
Luxury Vinyl Plank
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Electric Range
Interior
Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available

Lot Information

Lot Size
0.12 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 12:06 AM
Listing last updated Apr 30, 2026 at 07:17 PM
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Cost/Sqft based on tax value

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Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Presented by TimeValue Software ©2021
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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