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$1,985,000
6.11± Acres
Active
Erath County, TX
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8441 County Road 176, Stephenville, Texas

MLS ID: 21227447
Status: Active
Price: $1,985,000
Acres: 6.11±
Type: Apartment, Residential
Address: 8441 County Road 176
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.279598, -98.13492
Parcel Number: R000018742
Bedrooms: 18
Bathrooms: 10
Year Built: 2011

Description

Prime investment opportunity in Stephenville, the Cowboy Capital of the World and home to rodeo collegiate powerhouse, Tarleton State University. This **fully occupied, income-producing** property offers a rare mix of residential and equine amenities, including **10 apartments**, **8 RV hookups**, **20 horse stalls with runs**, **15 covered pens**, and **4 large traps**.

A key highlight is the **on-site roping arena**, adding a distinctive value feature for tenants and equine users. Located **directly across from the popular 377 Arena**, the property benefits from strong visibility and immediate connection to Stephenville’s active horse community. With **Tarleton State University’s growing enrollment contributing to a local housing shortage**, this property presents meaningful upside potential for rent increases across both the apartments and equine facilities.

An exceptional chance to invest in a high-demand asset with multiple income streams and future growth.

Directions: GPS Friendly and Accurate

Additional Information

Interior

Appliances: Water Purifier
Bathrooms Full: 10
Building Area Total: 6,098
Cooling (Yes/no): Yes
Cooling: Central Air, Electric
Flooring: Concrete, Other
Heating (Yes/no): Yes
Heating: Central, Electric
Interior Features: Eat In Kitchen, High Speed Internet, Kitchen Island

Exterior

Exterior Features: Awnings, Balcony, Rv Hookup
Foundation Details: Slab
Lot Features: Acreage, Agricultural, Pasture
Lot Size Area: 6
Lot Size Square Feet: 266,152
Other Structures: Barns, Stables
Parking Features: Gravel, Boat, Rv Access Parking
Parking Total: 20
Patio and Porch Features: Awnings, Covered, Balcony
Road Surface Type: Asphalt
Roof: Metal
Stories: 2
Water Source: Private

Financial/HOA/Schools

Elementary School: Central
Elementary School District: Stephenville ISD
Middle School District: Stephenville ISD
High School: Stephenvil
High School District: Stephenville ISD
Subdivision Name: Na
Tax Annual Amount: 10648

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21227447

Maps

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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: Brad Booth of The Platinum Group Re, Llc