MULTIFAMILYRADAR
6-Unit Multifamily in Stephenville, TX, photo 11 / 28
Stabilized
$1,495,000

6-Unit Multifamily in Stephenville, TX

TX · listed Aug 8, 2026 (81 days)

Price per unit compared
This property$249K
Within ~40 mi (18)$148K
Texas median (1,029)$100K
$/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.

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