← All homes

1425, 1435, 420 Groesbeck & Lillian

Stephenville, TX 76401

$588,000

3 units · 1910

Units3
Building area3,580 sq ft
Year built1910
Gross income$60,000/yr
Cap rate6.89% as listed
Parking3 spaces
Lot size0.91 acres
TypeResidential Income

What it costs to own

Taxes$10,162 per year
HOANone listed
Operating expenses$19,467 per year — as listed
Insurance$9,305 per year — as listed
Net operating income$40,533 per year — as listed

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

About this home

Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!

The details

HeatingCentral, Electric
CoolingCeiling Fan(s), Central Air, Electric
FlooringCarpet, Laminate, Tile, Wood
AppliancesDishwasher, Disposal, Electric Range
Interior featuresCable TV Available, Eat-in Kitchen, High Speed Internet Available

Construction materialsSiding, Wood
RoofComposition, Metal
FoundationPillar/Post/Pier

Lot featuresFew Trees, Interior Lot, Lrg. Backyard Grass
FencingChain Link, Fenced, Privacy, Wood, Other
Water sourceCity Water
SewerCity Sewer

SubdivisionS6200 SOUTH SIDE

Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

Gross income$60,000 per year
Operating expenses$19,467 per year
Operating includesInsurance, New Tax
Insurance$9,305 per year
Cap rate6.89% — as listed
Net operating income$40,533 per year

MLS #21174858
Source
Price changeReduced by $32,000 · Sep 24, 2026
On the market185 days
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 0.8 mi
Nearest parkHarvey Playground · 0.1 mi

Your places stay on this device. We never sell or share them. Read the full privacy policy

Place directory © OpenStreetMap contributors.

Listing courtesy of Ebby Halliday Realtors — Eric Hayden.

Where it is

Open in Google Maps

Robert LewisStephen LewisRobert & StephenInk Realty Group

Want the full story on this home?

What a listing cannot tell you: the street, the timing, the leverage. That is our work.

Ask about 1425, 1435, 420 Groesbeck & Lillian Text Robert & Stephen

Texting starts a conversation with Robert and Stephen. Message & data rates may apply — reply STOP to end.

Nearby in STEPHENVILLE

Three more worth a conversation.

4755 Buffalo Ridge Drive, Stephenville, TX 76401

$585,000

1 bd · 1 ba · 1,500 sq ft · 18.24 ac

4755 Buffalo Ridge Drive

Stephenville, TX 76401

Listing courtesy of Ebby Halliday Realtors

2510 County Road 182, Stephenville, TX 76401

$585,000

4 bd · 3 ba · 2,040 sq ft · 22.05 ac

2510 County Road 182

Stephenville, TX 76401

Listing courtesy of Keller Williams Brazos West

Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21174858. Information last updated September 24, 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.

Start a conversationAsk about this home
Scroll to Top