1391 N Paddock St, Stephenville, TX 76401

$365,000
: 6
BD
: 2
BA

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List Price: $365,000
Price Change: ▼ $10,000 1781136631
MLS#: 21242182
Status: ACTIVE
Type: Multifamily
Subtype: ResidentialIncome
Year Built: 1930
Construction Status: Preowned
Bedrooms: 6
Full Baths: 2
Acres: 0.17
County: Erath
City: Stephenville
Subdivision: Crow Styles Add

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Property Description

Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.

(469) 797-4003

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Additional Information

Unexempt Taxes: $4,077
Lot Size: 7,405
Acres: 0.17
Lot Description: Back Yard, Corner Lot, Lawn, Few Trees
Interior Features: Decorative Designer Lighting Fixtures, Tile Counters, Cable TV
Flooring: Tile, Vinyl, Wood
Foundation: Slab
Roof: Metal
Stories: 1
Pool Features: None
Exterior: Other
Carport Spaces: 2
Parking Garage: Attached, Additional Parking, Covered, Carport, Driveway, On Site, Other
School District: Stephenville Isd
Elementary School: Chamberlai
Middle School: Gilbert, Stephenvil
High School: Stephenvil
Possession: CloseOfEscrow