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1147 W Frey St

Stephenville, TX 76401
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Just listedJust listed
3 Bedroom(s)
3 Full Bath(s)
2,321 Sqft
0.43 Lot Acres
Residential - Single Family

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Description

Incredible investment opportunity! Zoned R3 multifamily and situated on nearly a half-acre lot, this property offers excellent potential for generating rental income. The home is currently configured with 3 bedrooms and 3 bathrooms, making it ideal for student housing or multi-tenant use. Located just a short walk from Tarleton State University, this Craftsman property features two living areas, high ceilings, built-ins, and a cozy gas log fireplace. The large, fenced backyard includes established trees, a workshop, storage shed, and garden area—providing ample space for future expansion or additional units. Don’t miss out on this rare chance to own a prime investment property near campus!

MLS#
NTREIS-21301329
List Price
$350,000 ($151/Sqft.)
Listing Status
For Sale
Address
1147 W Frey St
City
Stephenville
State
TX
Zip Code
76401
County
Erath County
Subdivision
Kight Add 02
Legal Description
S4400 KIGHT SECOND ADDITION; BLOCK 6; LOT 3
Property Type
Residential - Single Family
Bedroom
3 Bedroom(s)
Bath
3 Full Bath(s)
Garages
1 / Appraisal District
Stories
2
Building Size
2,321 Sqft/Appraisal District
Year Built
1920 /Appraisal District
Lot Size
0.43 Lot Acres/Appraisal District
LP / Acre
$813,953 / Acre

Rooms

Living
21 x 12, 1st
Primary Bedroom
27 x 10, 1st

Interior

Number Of Living Area
1
Fireplace
1/Gas
Appliances
Dishwasher, Disposal
Interior
Cable TV Available

Extra details you may need to know

Dwelling Type
Single Detached

Exterior

Private Pool
No
Garage Size
12 X 12
Parking
Driveway
Parking Space
Garage 1 / Carport 0 / Total Covered 0
Utility
City Sewer,City Water

Lot Information

Lot Size
0.43 Lot Acres /Appraisal District
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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 Jun 14, 2026 at 09:44 PM
Listing last updated Jun 14, 2026 at 02:38 AM
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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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