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$179,000
0.12± Acres
Active
Erath County, TX
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632 Ollie, Stephenville, Texas

MLS ID: 21247901
Status: Active
Price: $179,000
Acres: 0.12±
Type: Residential
Address: 632 Ollie
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.21949, -98.214882
Parcel Number: R000030901
Bedrooms: 2
Bathrooms: 1
Year Built: 1947

Description

Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.

Directions: GPS Friendly, SOP

Additional Information

Interior

Appliances: Electric Range
Bathrooms Full: 1
Building Area Total: 938
Cooling (Yes/no): Yes
Cooling: Central Air, Electric, Wall Window Units
Flooring: Luxury Vinyl Plank
Heating (Yes/no): Yes
Heating: Central, Electric
Interior Features: Built In Features, Eat In Kitchen, Granite Counters, High Speed Internet

Exterior

Exterior Features: Fire Pit, Storage
Fencing: Chain Link, Privacy, Wood
Foundation Details: Pillar Post Pier
Lot Features: Interior Lot
Lot Size Area: 0
Lot Size Source: Assessor
Lot Size Square Feet: 5,227
Parking Features: Driveway
Parking Total: 1
Roof: Asphalt
Stories: 1
Water Source: Public

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: College Heights
Tax Annual Amount: 1723

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21247901

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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