1 / 286-Unit Multifamily in Stephenville, TX
TX · listed Aug 8, 2026 (81 days)
- $/unit
- $249,167
- ▲ 149% vs TX · 90th pct
- Cap rate
- —
- NOI
- $85K
- $14,140/unit/yr
- Units
- 6
- 6 bldg · 1930
Financials
- Asking price
- $1,495,000
- Price per unit
- $249,167
- Price per sq ft
- $860
- Gross rent / year
- $92,100
- Net operating income
- $84,840
- NOI per unit
- $14,140
- Cap rate
- Not stated
- Gross yield
- 6.2%gross rent ÷ price
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 6
- Unit mix
- 5 cabins. Each cabin is 1 bedroom, 1 bath
- Buildings
- 6
- Year built
- 1930
- Building size
- 1,738 sq ft
- Avg unit size
- 290 sq ft
- Lot size
- Not stated
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 8, 2026
- Days on market
- 81 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1567
About this property
Income producing property on 19 plus acres with room to further develop! Located just 5 miles from town with approximately 950 feet of road frontage on paved FM 8. The property features a 3 bed 2 bath brick home, 7 stall barn, arena, and 5 cabins. Each cabin is 1 bedroom, 1 bath and includes a washer and dryer hook up, fenced dog yard and dedicated parking space. The paneled arena features sandy loam soil, roping cute and return alley. There are two water wells on the property. One services the house and barn and the other services the cabins. Each unit has it's own septic and electric meter. For easy access, there is a private road for the cabins and 2 separate driveways for the house and barn. No known restrictions and room to expand. All units are tenant occupied, showing appointment required.
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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