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$499,000
0.69± Acres
Active
Erath County, TX
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1425-1435 Groesbeck, Stephenville, Texas

MLS ID: 21253345
Status: Active
Price: $499,000
Acres: 0.69±
Type: Residential
Address: 1425-1435 Groesbeck
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.2088179, -98.21235781
Parcel Number: R000033650
Bedrooms: 6
Bathrooms: 2
SqFt: 2,416
Year Built: 1954

Description

Prime Multi-family investment opportunity! Two home bundle sitting on a combined .69 acre lot if replatted, and already zoned R-3. Unlock the perfect blend of steady cash flow and long-term development potential with this rare two home bundle! Both homes feature three bedrooms and 1 full bathroom, and are tenant occupied. Replat and build a multi-family complex while collecting rental income during the planning phase! You'll appreciate the solid location just minutes from the ever growing Tarleton State University. With increasing rental demand, you can rest assured your investment delivers versatility and value. Whether you're looking to expand your rental portfolio or break ground on your next development, you'll want to see this one. Schedule your showing today!

Directions: GPS Friendly; SOP

Additional Information

Interior

Appliances: Gas Range
Bathrooms Full: 2
Building Area Total: 2,416
Cooling (Yes/no): Yes
Cooling: Central Air, Ceiling Fans, Electric
Flooring: Carpet, Laminate, Wood
Heating (Yes/no): Yes
Heating: Central, Electric
Interior Features: Built In Features, High Speed Internet, Cable Tv

Exterior

Exterior Features: Storage
Fencing: Chain Link, Privacy
Foundation Details: Pillar Post Pier
Lot Features: Back Yard, Cleared, Interior Lot, Lawn, Few Trees
Lot Size Area: 1
Lot Size Source: Assessor
Lot Size Square Feet: 29,969
Parking Features: Driveway, On Site, On Street
Parking Total: 4
Patio and Porch Features: Covered
Roof: Composition
Stories: 1
Water Source: Public
Window Features: Window Coverings

Financial/HOA/Schools

Elementary School: Chamberlai
Elementary School District: Stephenville ISD
Middle School District: Stephenville ISD
High School: Stephenvil
High School District: Stephenville ISD
Subdivision Name: South Side Addition
Tax Annual Amount: 7603

Extra Information

Documents Available: Aerial
Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21253345

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Matt Milligan

Matt Milligan

Weatherford, Texas

(817) 694-1121

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All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information current as of May 25, 2026 at 12:00:00 PM UTC.

You may not reproduce or redistribute this data, it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS. This data was last updated on: May 25, 2026 at 12:00:00 PM UTC

Listed By: Eric Hayden of Ebby Halliday Realtors