1147 W Frey Street, Stephenville, TX 76401

• 3 beds |
• 3 baths |
• 2,321 sqft

Property 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!

Listing Status:

Active

Data Last Updated:

July 6, 2026 at 5:21PM

Listing Office:

PREFERRED PROPERTIES OF TEXAS : 254-965-7775

Listing Agent:

Case Horton :

MLS ID:

21301329

Interior

• General: Cable TV
• Appliances: DishwasherDisposal
• Fireplace: GasFireplaceFireplaces: 1

Exterior

• Style: Detached
• Pool: None
• Parking: Driveway

Construction

• General: 2

Location

• Originating MLS: NTR
• School District: Stephenville ISD
• County: Erath

Lot

• Zoning: S4400 KIGHT SECOND ADDITION; BLOCK 6; LOT 3R000032267

Utilities

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

Financial

• Source: NTR