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201 S Jones St

Granbury, TX 76048
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Just listedJust listed
4 Bedroom(s)
3 Full Bath(s)
0.07 Lot Acres
Multi-Family - Fourplex

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Description

Located just five blocks from Granbury’s beloved Historic Square, this fully renovated triplex offers a rare investment opportunity in one of the area’s most charming and desirable locations. Thoughtfully updated from top to bottom since 2020, the property features a newer roof, updated windows, fresh paint, new flooring, remodeled bathrooms, improved attic insulation, and extensive upgrades to the electrical, plumbing, and gas systems. Each of the three units has been beautifully remodeled, fully furnished, and designed for comfort, flexibility, and convenience. Every unit includes separate utilities and washer and dryer connections, creating an ideal setup for tenants and streamlined ownership. The downstairs units feature central HVAC, while the upstairs unit is equipped with an efficient multi-split system. Each residence offers its own distinct character and private back or side yard space. ADDITIONAL INVESTMENT HIGHLIGHTS: The existing FHA loan is assumable for qualified buyers, subject to lender approval, potentially offering attractive financing advantages. The property also offers additional space with the potential to build a FOURTH UNIT, subject to city approval, zoning, and permitting requirements. Whether you're looking to expand your rental portfolio, generate income through midterm rentals, or secure a long-term investment near the heart of Granbury, this property offers exceptional flexibility and future growth potential. With its prime location, extensive renovations, assumable financing opportunity, and potential for expansion, this turnkey triplex is a standout investment in a market where multifamily properties are rarely available. Don't miss this unique Granbury opportunity!

MLS#
NTREIS-21422975
List Price
$499,990
Listing Status
For Sale
Address
201 S Jones St
City
Granbury
State
TX
Zip Code
76048
County
Hood County
Subdivision
Thrash
Property Type
Multi-Family - Fourplex
Bedroom
4 Bedroom(s)
Bath
3 Full Bath(s)
Stories
2
Year Built
1943 /Appraisal District
Lot Size
0.07 Lot Acres/Appraisal District

Exterior

Roof
Composition
Foundation
Pillar/Post/Pier
Private Pool
No
Exterior Type
Wood
Parking
Assigned, Common, Converted Garage, Garage Faces Side, Golf Cart Garage, Open, Parking Lot
Utility
City Sewer,City Water,Curbs,Individual Gas Meter,Individual Water Meter

Interior

Floors
Laminate, Tile
Cooling
Central Air, Electric
Heating
Central, Electric
Appliances
Dryer, Electric Range, Gas Range, Refrigerator, Washer
Interior
Decorative Lighting, Eat-in Kitchen, Pantry, Walk-In Closet(s)

Lot Information

Lot Size
0.07 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 Oct 30, 2026 at 06:46 PM
Listing last updated Oct 30, 2026 at 04:49 AM
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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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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.

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Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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