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12354 FM 8

Stephenville, TX 76401

$1,495,000

6 units · 1930

Units6
Building area1,738 sq ft
Year built1930
Gross income$92,100/yr
Cap rate5.67% as listed
Parking8 spaces
Lot size19.16 acres
TypeResidential Income

What it costs to own

Taxes$6,188 per year
HOANone listed
Operating expenses$2,360 per year — as listed
Insurance$4,800 per year — as listed
Net operating income$84,840 per year — as listed

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

About this home

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.

The details

HeatingCentral, Electric, Fireplace(s), Other
CoolingCeiling Fan(s), Central Air, Electric, Wall/Window Unit(s)
FlooringLuxury Vinyl Plank, Other, Wood
AppliancesDishwasher, Electric Cooktop, Electric Oven
Interior featuresOther
Fireplace1 · Wood Burning

Construction materialsBrick, Log, Other
RoofMetal
FoundationPillar/Post/Pier

Lot featuresAcreage, Many Trees, Pasture
FencingCross Fenced
Water sourceWell
SewerSeptic
ElectricCo-op Electric, Electricity Connected

ElementaryLinglevill
Middle schoolLinglevill
High schoolLinglevill
DistrictLingleville ISD

Gross income$92,100 per year
Operating expenses$2,360 per year
Operating includesInsurance, Maintenance, Trash, Water/Sewer
Insurance$4,800 per year
Cap rate5.67% — as listed
Net operating income$84,840 per year

MLS #21354496
Source
Price changeReduced by $100,000 · Sep 11, 2026
On the market58 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryAldi · 5.0 mi
Nearest parkSandra Palmer Park · 4.6 mi

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Listing courtesy of Real Broker, LLC — Jessee Horwedel.

Where it is

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Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21354496. Information last updated October 5, 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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