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$95,000
3 Beds ⋅ 1 Baths ⋅ 21343284 MLS
Unlock the potential of this 1930 home situated on a desirable corner lot just minutes from the ever-growing Tarleton State University. Offering 956 square feet, this 2-bedroom, 1-bath home also includes a small bonus room that could serve as an office, hobby space, or extra storage. This property is truly a diamond in the rough and is ready for someone with vision. While it needs significant TLC, the possibilities are endless. Restore the charm of this vintage home with a complete renovation or take advantage of the prime location and rebuild to maximize its investment potential. With the strong demand for housing near the university, this lot could be an excellent site for a duplex or income-producing rental property (subject to local zoning and city approval). Whether you’re an investor, builder, or someone looking for your next renovation project, this property offers an incredible opportunity to create value in a rapidly growing area. Don’t miss your chance to invest in a location with endless potential!

490 S First Ave, Stephenville
$350,000
7 Beds ⋅ 2 Baths ⋅ 21333662 MLS
Rare opportunity just 3 minutes from Tarleton State University! With 7 bedrooms, 2 bathrooms, and 2 spacious living areas, this versatile property offers exceptional potential as a primary residence or investment property. Each bedroom provides a good amount of space, bathrooms provide walk in showers, and the kitchen is a focal point with a large island, double ovens, and plenty of counter space. The flexible floor plan provides plenty of room for multiple occupants while maintaining comfortable shared living spaces. Large lot featuring over half an acre and plenty of parking space. Conveniently located near campus, shopping, dining, and everyday amenities, this property combines size, location, and opportunity in one package.

456 Alexander Rd, Stephenville
$210,000
3 Beds ⋅ 1 Baths ⋅ 21254785 MLS
This well-located 3-bedroom, 1-bath home sits just steps from Tarleton State University, offering a rare opportunity for both investors and future homeowners. Currently leased at $1,800 per month through July 31, 2026, it's an ideal home for investors looking for a property in a location with strong rental demand. For buyers looking for their next home, this offers the opportunity to secure a home in a prime location with the option to rent in the future. Whether you’re building your investment portfolio or planning for a future primary residence, this property combines location, income potential, and long-term value in the heart of Stephenville.

420 S Lillian St, Stephenville
$750,000
21225728 MLS
ATTENTION DEVELOPERS! This combined 1.1 acre CORNER lot zoned R-3 Multi Family is perfect for development. It is just 3 minutes to Tarleton State University and also just minutes to the city park, hike & bike trail as well as the local shops and restaurants. Now is the time to grab this prime piece of real estate on 1+ acres in town! 1270 W Hyman & 1290 W Hyman. Land only, house to be moved.

1290 W Hyman St, Stephenville
$748,990
21114646 MLS
Location!! Investors don't miss out on one of the few large lots left in good a locations inside the city limits! This 1.697 acre property (73,930sf) is ready to go for a great multi family condo style apartment complex. Architectural Plans, site work, Engineering and plat were all approved by the City and ready for permits. Seller has too many projects. Reduced as time has run out to build, buyer will need to resubmit to city. Stephenville is a special redevelopment district, Owner financing available to qualified buyer 35%dn 20yr balloon at 5% for 1yr Qualified buyers only, confidential agreement and accepted contract to receive information.

900 A S Second Ave, Stephenville
$355,000
4 Beds ⋅ 2 Baths ⋅ 21010051 MLS
Space. Flexibility. Location. Welcome to 810 Alexander Street, where comfort, versatility, and investment potential come together in one of Stephenville's most convenient locations. Just minutes from Tarleton State University, this 4-bedroom home with a flexible bonus living area offers the space today's buyers need and the location investors want. Whether you're searching for your next family home, housing for a Tarleton student, or a property with long-term or short-term rental potential (subject to local regulations), this home offers endless possibilities. The bonus room with its walk-in closet can easily serve as a fifth bedroom, home office, playroom, or guest suite. Inside, you'll appreciate the open-concept layout featuring granite countertops, a kitchen island, decorative lighting, generous walk-in closets, and abundant storage. Every space has been designed with everyday living and entertaining in mind. Outside, this property truly stands apart. Situated on a spacious corner lot, the property extends beyond the existing backyard fence, providing additional room for future expansion, outdoor living, gardening, or simply extra space to enjoy. Location matters—and this home delivers. With easy access to Tarleton State University, shopping, restaurants, and everything Stephenville has to offer, this is a rare opportunity to own a home that offers flexibility today and value for years to come. Schedule your private showing today and see why 810 Alexander Street is the opportunity you've been waiting for.

810 Alexander Rd, Stephenville
$749,000
20348989 MLS
Location!! Investors don't miss out on one of the few large lots left in good a locations inside the city limits! Owner financing available to qualified buyer This 1.697 acre property (73,930sf) is ready to go for a great multi family condo style apartment complex. Architectural Plans, site work, Engineering and plat were all approved by the City and ready for permits. Seller has too many projects. Reduced as time has run out to build, buyer will need to resubmit to city. Stephenville is a special redevelopment district, OWNER FINANCE TERMS 35%dn 20yr amortization 1yr balloon at 5% int rate Qualified buyers only.

900 S Second Ave, Stephenville