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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
$360,000
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
$365,000
4 Beds ⋅ 2 Baths ⋅ 21010051 MLS
Live Smart. Invest Confidently. Thrive Here. Welcome to 810 Alexander Street in Stephenville, a versatile, well-located home just minutes from Tarleton State University—only a 15-minute walk or 4-minute drive to campus. Whether you’re searching for a forever home, a flexible family layout, or a strong investment in a high-demand rental area, this property delivers on every level. With four spacious bedrooms plus a bonus living area featuring a walk-in closet, this home offers the rare flexibility to adapt to your needs. Easily convert the bonus space into a fifth bedroom, private home office, media room, or even an additional primary suite—the layout truly grows with you. At the heart of the home, the kitchen shines with warm cherrywood cabinetry, granite countertops, a central island, and abundant storage—perfect for entertaining, everyday living, or busy student schedules. The open-concept living and dining areas create a seamless flow, enhanced by decorative lighting and modern fixtures that add comfort and style. Enjoy the convenience of two oversized bathrooms, generous walk-in closets, utility storage, and an outdoor storage shed—everything has its place here. The thoughtful design balances comfort, function, and long-term value. Located near restaurants, shopping, and campus life, this home is equally appealing as a primary residence or a smart income-producing rental. Homes with this level of space, flexibility, and proximity to Tarleton are always in demand. Opportunity meets potential at 810 Alexander Street. Schedule your private showing today and see why this property is a standout in Stephenville’s market.

810 Alexander Rd, Stephenville
$725,000
20881637 MLS
1.309 acres that has road frontage off S 2nd and W Cage giving this property endless possibilities. Zoned R-3 multifamily residential district this property is located walking distance to the ever-growing Tarleton State University. Perfect for multifamily dwellings of any kind. Dont hesitate to make this your next investment.

1280 W Cage St, Stephenville
$725,000
20881668 MLS
1.309 acres that has road frontage off S 2nd and W Cage giving this property endless possibilities. Zoned R-3 multifamily residential district this property is located walking distance to the ever-growing Tarleton State University. Perfect for multifamily dwellings of any kind. Dont hesitate to make this your next investment.

1280 W Cage St Unit A, 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