1040 W Oak Street, Stephenville, TX 76401

Property Description

Exceptional Multifamily Development Opportunity – .439 Acre in Prime Stephenville Location Discover an investment-ready project offering 3 duplexes (6 total units, 18 bedrooms) positioned in one of Stephenville’s most sought-after rental corridors. This .439-acre property comes fully prepared for development with architectural plans, civil plans, an approved replat, and a builder’s construction estimate included—making this an ideal turnkey opportunity for investors looking to capture the strong demand around Tarleton State University. City water and sewer are already on site, streamlining permitting and speeding up your construction timeline. Once building permits are issued by the City, the builder estimates a 4–6 month construction window, placing completion perfectly to deliver move-in ready units for summer 2026—ideal timing for Tarleton student leasing for the 2026–2027 academic year. Whether you’re expanding your portfolio or entering the highly competitive Stephenville rental market, this property offers a unique mix of readiness, location, and income potential.

Listing Status:

Active

Listing Office:

Marandy Dove Realty : (254) 485-2285

Listing Agent:

Marandy Dove : 254-485-2285

MLS ID:

21121460

Interior

• A/C: None
• Heating: None

Construction

• General: 1

Location

• Originating MLS: NTR
• County: Erath

Lot

• Zoning: S3600 FREY SECOND ADDITION; BLOCK 4; LOT 1RR000031509

Utilities

• Utilities: Sewer AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: NTR

This listing courtesy of Marandy Dove, Marandy Dove Realty