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$320,000
0.44± Acres
Active
Erath County, TX
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1040 Oak, Stephenville, Texas

MLS ID: 21121460
Status: Active
Price: $320,000
Acres: 0.44±
Type: Unimproved, Land, Commercial
Address: 1040 Oak
City, State: Stephenville, TX
County: Erath County
ZIP Code: 76401
Lat/Long: 32.225893, -98.217011
Parcel Number: R000031509
Year Built: 2025

Description

Exceptional Multifamily Development Opportunity – .439 Acre in Prime Stephenville Location

Discover an investment-ready project offering 3 duplexes (6 total units, 18 bedrooms) positioned in one of Stephenville’s most sought-after rental corridors. This .439-acre property comes fully prepared for development with architectural plans, civil plans, an approved replat, and a builder’s construction estimate included—making this an ideal turnkey opportunity for investors looking to capture the strong demand around Tarleton State University.

City water and sewer are already on site, streamlining permitting and speeding up your construction timeline.

Once building permits are issued by the City, the builder estimates a 4–6 month construction window, placing completion perfectly to deliver move-in ready units for summer 2026—ideal timing for Tarleton student leasing for the 2026–2027 academic year.

Whether you’re expanding your portfolio or entering the highly competitive Stephenville rental market, this property offers a unique mix of readiness, location, and income potential.

Directions: GPS Friendly

Additional Information

Exterior

Inclusions: Land & Improvements
Lot Features: Acreage
Lot Size Area: 0
Lot Size Source: Plans
Lot Size Square Feet: 19,123
Water Source: Public

Financial/HOA/Schools

Subdivision Name: Frey Add 02
Tax Annual Amount: 1675
Zoning Description: R3

Extra Information

Virtual Tour: https://www.propertypanorama.com/instaview/ntreis/21121460

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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 26, 2026 at 12:00:00 AM 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 26, 2026 at 12:00:00 AM UTC

Listed By: Marandy Dove of Marandy Dove Realty