Stephenville

Excellent opportunity to acquire a strategically located parcel zoned R3 Multifamily, just over one mile from Tarleton State University. This property offers strong potential for a 25–30 unit multifamily development, aligning with the high rental demand driven by student housing, faculty, and the growing local workforce. The site is positioned for investors and developers seeking a value-add project in a market with consistent occupancy rates and steady rental demand. With multifamily land in limited supply this close to campus, this tract represents a rare chance to capitalize on both location and zoning flexibility.

00 Rosebud Dr, Stephenville

$4,000,000

21035008 MLS

Premier development opportunity at 3050 W Washington Street, one of the most visible and heavily traveled corridors in Stephenville, Texas. This exceptional 26+ acre tract boasts extensive frontage along Washington Street (US Highway 377), supported by some of the highest TxDOT traffic counts within city limits. Utilities are already on site, allowing for efficient and timely development. The property is currently zoned B-2, accommodating a wide range of high-demand commercial uses including retail, restaurants, hotels, banks, churches, medical, and service-oriented businesses. With strong visibility, easy access, and a central location, the site is ideally positioned for destination and daily-use development alike. Stephenville—known as the “Cowboy Capital of the World”—serves as the regional hub for Erath County and surrounding communities. Anchored by Tarleton State University, the city continues to experience sustained population growth, expanding enrollment, and increasing consumer demand. The local economy is diversified across education, healthcare, agriculture, and retail, making Stephenville a stable and attractive market for long-term investment. The rear portion of the property offers an additional value-add opportunity and would be well-suited for future residential development, subject to rezoning—creating potential for a mixed-use project in a growing corridor. This is a rare opportunity to secure a large-scale, high-visibility development site in one of North Central Texas’ most active and expanding markets.

3050 W Washington, Stephenville

$355,000

4 Beds ⋅ 2 Baths ⋅ 21010051 MLS

Space. Flexibility. Location. Welcome to 810 Alexander Street, where comfort, versatility, and investment potential come together in one of Stephenville's most convenient locations. Just minutes from Tarleton State University, this 4-bedroom home with a flexible bonus living area offers the space today's buyers need and the location investors want. Whether you're searching for your next family home, housing for a Tarleton student, or a property with long-term or short-term rental potential (subject to local regulations), this home offers endless possibilities. The bonus room with its walk-in closet can easily serve as a fifth bedroom, home office, playroom, or guest suite. Inside, you'll appreciate the open-concept layout featuring granite countertops, a kitchen island, decorative lighting, generous walk-in closets, and abundant storage. Every space has been designed with everyday living and entertaining in mind. Outside, this property truly stands apart. Situated on a spacious corner lot, the property extends beyond the existing backyard fence, providing additional room for future expansion, outdoor living, gardening, or simply extra space to enjoy. Location matters—and this home delivers. With easy access to Tarleton State University, shopping, restaurants, and everything Stephenville has to offer, this is a rare opportunity to own a home that offers flexibility today and value for years to come. Schedule your private showing today and see why 810 Alexander Street is the opportunity you've been waiting for.

810 Alexander Rd, Stephenville

$315,000

3 Beds ⋅ 2 Baths ⋅ 20984546 MLS

Welcome to this charming, remodeled home just a short walk from Tarleton State University! With 3 spacious bedrooms and a flexible bonus room that could easily serve as a 4th bedroom, office, or study, this home offers the perfect blend of comfort and versatility. Step inside to find a warm and inviting entryway—ideal for showcasing your favorite plants or creating a cozy reading nook. Original hardwood floors add timeless character to parts of the home, while updates throughout provide modern convenience and style. The heart of the home is the living area, where a beautiful fireplace serves as a stunning focal point and a perfect spot to gather on cool evenings. The kitchen has been tastefully updated with sleek granite countertops, offering plenty of space for meal prep and entertaining. With two full bathrooms, mornings are a breeze for busy households. Whether you're a growing family or a student looking for a quiet, comfortable space near campus, this home fits the bill. Don't miss this rare opportunity to own a move-in ready home in a prime location—charm, function, and walkability all wrapped into one!

1143 W Jones St, Stephenville

$785,000

20935585 MLS

Investors welcome! This beautiful hotel, located on a corner LOT, only half block from Tarleton State University is an asset gain in itslef and with a TURN KEY Boutique Hotel, featuring four rentable short term suites. The Gallery House Boutique Hotel, opened for business in September, 2020 and has been well received for six years running! This Craftsman Home, built in 1895, took two years to restore and convert into a Hotel. Located half block from TSU and with room to expand. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers, hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House has excellent reviews, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House has an establised website capturing majority of reservations. Walking distance to TSU, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

1092 W Tarleton St, Stephenville

$223,591

20964687 MLS

Prime Rural Acreage- Ideal Horse Property. Come escape to the Tranquility of the Countryside. Nestled conveniently between Tolar, Glen Rose and Stephenville -and just minutes from Hwy 67 - these beautiful land tracts offer a rare blend of serenity and accessibility. Captivating views & Electricity readily available at the road make this an ideal location to build your own masterpiece. The land features established coastal Bermuda grass, Nice Oak Trees & Rich Sandy Loam, making it perfectly suited for horses & livestock. With the scenic views & plenty of space to build, it’s a rare opportunity to own quality land in a picturesque rural setting!

Tbd County Rd 175 Unit Lot 4, Stephenville

$4,000,000

20943693 MLS

123 Acres of Income-Producing Land with Highway Frontage with Turnkey Agricultural & Equestrian Operations Prime opportunity to own 123 acres of income-generating land with excellent visibility and access, featuring over 1,000 feet of highway frontage along Hwy 377 and a second entrance off County Road 279. This exceptional property is located within an Opportunity Zone and benefits from an Agricultural Exemption. Currently home to two well-established businesses A 36-year-old wholesale nursery with expansive infrastructure A fully operational horse training and breeding facility Agricultural Infrastructure includes, 4 high-capacity water wells 15–100 GPM, with a recycled runoff system Irrigation system featuring 4”–6” pipe network spanning the entire property 80 acres planted with field-grown nursery stock 30 cold frame greenhouses with irrigation 2–5 acres of irrigated growing pads for large container trees and plants Facilities Include: Modern metal office building with 6 offices, 2 restrooms, kitchen, large workshop with storage loft, 3 roll-up doors, and tool room Equestrian center with Large tack room, hay & feed barn, 6 covered outdoor stalls, and 8 oversized stalls within a covered arena Whether you're looking to expand an agricultural enterprise, invest in income-producing land, or own a turnkey equestrian facility, this versatile property offers outstanding potential in a sought after location, could be the perfect development property.

6407 S Us Highway 377, Stephenville

$789,000

3 Beds ⋅ 3 Baths ⋅ 20941284 MLS

This one is really special! It is a beautiful custom built Fanning Construction home sitting on just over 27 acres of land! This property is located in the very desirable Huckabay school district! This home has been so well loved and cared for since the seller's built it! Sometimes life throws us a change up and now it is being offered up for someone else to come enjoy and love it as much as they do! The home features 3 bedrooms, 2 full and 1 half bath, it also has beautiful kitchen, wood burning stove, and the most peaceful study! You can't imagine how peaceful it is to sit on the porches and listen to the wind chimes! There is a custom built chicken coop, and an in ground concrete storm shelter! There are tons of deer, and all kinds of wildlife on the property! This place is located at the end of a private road, and the road only services two homes. The property is ag exempt, and so private but it has state of the art United Coop fiber internet! There is also a nice horse barn and shed on the property. It is also completely fenced! If life is a little too hectic for you and you are looking for a weekend place or primary residence that will afford you the utmost peace and quiet... well here it is!! Come take and look and experience just how special this place truly is! The pictures are fantastic but they don't tell the whole story about this one! You have to come experience it for yourself!!

493 Private Rd, Stephenville

$299,000

20907061 MLS

CALLING ALL INVESTORS!!! Here is a 2-acre tract inside the city limits that has been cleared and is ready to build on. This property is currently zoned R-2, has a water well with well house, and is fenced. This tract is tucked away so that you won’t have lots of street traffic. Ready to go with gas, city water, electricity, sewer & backs up to the Bosque River. There is an additional 1.5 acres with a 1500 foot 6 stall horse barn that is available as well.

701 S Drew Ave, Stephenville

$106,000

20855645 MLS

3.00 Ac on Cr 517 With moderate restrictions

Tbd County Road 517, Stephenville

$240,000

4 Beds ⋅ 2 Baths ⋅ 20887648 MLS

Looking for a 4 bedroom? Look no further!! Here is a cute 4-bedroom 2 bath home on a nice corner lot not far from Tarleton State University. This home has a separate utility room, central heat and air, a nice sized attached storage, fenced back yard, and a double car carport. This one shows well! Call today!

1090 N Race St, Stephenville

$275,000

20870084 MLS

Great B2 Retail and Commercial business zoned lot! Check this one out! Its located just off the South Loop and Graham St. This one is just under 1 acre and is located on Riverside Dr, just behind Parham's Garage! If you are looking for a large commercial lot to build your business or retail location, here it is! Come take a look and see if its a fit for you!!

900 Riverside Dr, Stephenville

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