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1391 Paddock Street

Stephenville, TX 76401

$365,000

2 units · 1930

Units2
Building area1,639 sq ft
Year built1930
Gross income$34,800/yr
Cap rate7.41% as listed
Parking4 spaces
Lot size0.17 acres
TypeDuplex

What it costs to own

Taxes$4,077 per year
HOANone listed
Operating expenses$7,755 per year — as listed
Insurance$3,700 per year — as listed
Net operating income$27,045 per year — as listed

Taxes shown reflect the current owner's exemptions and may change after purchase.

About this home

Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.

The details

HeatingElectric, Other
CoolingCeiling Fan(s), Electric, Wall Unit(s), Other
FlooringTile, Vinyl, Wood
AppliancesElectric Range
Interior featuresBuilt-in Features, Cable TV Available, Decorative Lighting, Tile Counters

Construction materialsBrick, Siding
RoofMetal
FoundationSlab

Lot featuresCorner Lot, Few Trees, Lrg. Backyard Grass
FencingChain Link, Privacy, Wood
Water sourceCity Water
SewerCity Sewer

SubdivisionCrow Styles Add

ElementaryChamberlai
Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

Gross income$34,800 per year
Operating expenses$7,755 per year
Operating includesInsurance
Insurance$3,700 per year
Cap rate7.41% — as listed
Net operating income$27,045 per year

MLS #21242182
Source
Price changeReduced by $10,000 · Jun 10, 2026
On the market150 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 1.5 mi
Honey Bee Natural Foods · 1.6 mi
Walmart Supercenter · 2.0 mi
Nearest parkBill Johnson Park · 0.5 mi
Tarleton Challenge Course Low/High Elements · 0.7 mi
Integrity Courtyard · 0.8 mi

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Listing courtesy of Ebby Halliday Realtors — Eric Hayden.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21242182. Information last updated September 18, 2026.

Based on information submitted to the MLS as of the date above. All data is obtained from various sources and may not have been verified by the broker or NTREIS. Supplied data is for the viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing.

Ink Realty Group is brokered by eXp Realty.

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