1425-1435 Groesbeck Street
Stephenville, Texas 76401
6
Bed
2
Bath
2,416Sqft
0.69Acre(Lot)
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!
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
-
Bedroom Information
Total Bedrooms: 6 Window Features: Window CoveringsBathroom Information
Total Baths: 2 Full Baths: 2 Half Baths: 0 -
Interior Features
Built-in Features,Cable TV Available,High Speed Internet AvailableAppliances
Gas RangeUtilities
City Sewer,City Water -
Cooling Features
Ceiling Fan(s),Central Air,ElectricHeating Source
Central,ElectricFireplace
Number of Fireplaces: 0
-
Building Information
Built Year: 1954 Building Area Total: 2,416 Construction: Siding,Vinyl Siding,Wood Roof Type: Composition -
Exterior Features
Covered Patio/Porch,StorageFoundation
Pillar/Post/Pier -
Fencing
Chain Link,PrivacyConstruction Materials
Siding,Vinyl Siding,Wood
-
Lot Information
Lot Size (Acr): 0.6880 Lot Size Units: Acres Lot Size Square Feet: 29,969 Lot Size Source: Assessor Lot Features: Cleared,Few Trees,Interior Lot,Lrg. Backyard Grass -
Property Information
SQ ft (Living Area): 2,416 Property Type: Residential Income Property Sub Type: Multiple Single Units Subdivision: SOUTH SIDE ADDITION City: Stephenville State: Texas Directions: GPS Friendly; SOP Property Status: Active Levels: One Property Age: 72 Year Built Details: Preowned
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Listing Price Information
Original List Price: $499,000 List Price Tot SqFt: $207 -
Listing Information
Possession: Lease Outstanding
-
Tax Information
Parcel Number: R000033650 Tax Block: 22 Tax Legal Description: Acres 0.401, S6200 SOUTH SIDE ADDITION, BLOCK 22; Tax Lot: 6B,7A Unexempt Taxes: $7,603
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Parking Information
Garage Space: 0 Carport Spaces: 0 Parking: 4 Parking Features: Driveway,On Site,On Street -
Homeowners Association Information
HOA Type: None
-
School Information
Elementary School: Chamberlai High School: Stephenvil Junior High School: Stephenvil Intermediate School: Gilbert School District: Stephenville ISD -
Utility Information
Utilities: City Sewer,City Water
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 10849 Fm 205, Stephenville, TX, 76401 | $599,999 | 3 | 2 | 2,190 | 2,190 SqFt |
| 1400 Private Road 701, Stephenville, TX, 76401 | $305,000 | 3 | 1 | 1,300 | 1,300 SqFt |
| 432 County Road 492, Stephenville, TX, 76401 | $249,500 | 2 | 1 | 1,189 | 1,189 SqFt |
| 2510 County Road 182, Stephenville, TX, 76401 | $585,000 | 4 | 3 | 2,040 | 2,040 SqFt |
| 1565 County Road 233, Stephenville, TX, 76401 | $433,000 | 3 | 2 | 1,680 | 1,680 SqFt |
| 1973 County Road 513, Stephenville, TX, 76401 | $1,199,000 | 4 | 2 | 1,939 | 1,939 SqFt |
| 140 Private Road 1708, Stephenville, TX, 76401 | $185,000 | 1 | 1 | 640 | 640 SqFt |
| 4850 County Road 179, Stephenville, TX, 76401 | $415,000 | 3 | 2 | 1,680 | 1,680 SqFt |
| 8441 County Road 176, Stephenville, TX, 76401 | $1,985,000 | 18 | 10 | -- | |
| 900 Lookout Point, Stephenville, TX, 76401 | $445,000 | 3 | 3 | 1,584 | 1,584 SqFt |
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ByOwner last updated this listing 06/24/2026 @ 09:59
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