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130, 132 Clark Lane

Stephenville, TX 76401

$880,000

2 units · 2025

Units2
Building area4,850 sq ft
Year built2025
Gross income$82,200/yr
Cap rate6.69% as listed
Parking8 spaces
Lot size0.12 acres
TypeDuplex

What it costs to own

TaxesNot provided by the listing
HOA$150 per month · The Terraces HOA Inc
HOA fee coversMaintenance Grounds
Operating expenses$23,368 per year — as listed
Insurance$2,750 per year — as listed
Net operating income$58,832 per year — as listed

About this home

INVESTMENT OPPORTUNITY AT 130 & 132 CLARK LANE

Exceptional opportunity to acquire an income-producing duplex in The Terraces at Clark Lane in Stephenville, Texas. Built in 2025, this tenant-occupied investment property generates $6,850 in combined monthly rental income, totaling $82,200 in annual gross scheduled rent.

IN-PLACE RENTAL INCOME

130 Clark Lane: $3,350 per month, Unfurnished, Lease expiration: 5-14-2027

132 Clark Lane: $3,500 per month, Furnished, Lease expiration: 7-31-2028

Combined Monthly Rental Income: $6,850

Annual Gross Scheduled Rental Income: $82,200

Annual Net Operating Income: $58,832

Located near Tarleton State University, this property offers investors access to Stephenville's university-oriented rental market, with potential demand from students seeking off-campus housing and university faculty and staff. Its location provides an opportunity to invest in a market supported by the presence of an established university and its surrounding community.

Built in 2025, the property offers approximately 4,350 square feet combined, with each unit featuring an open floor plan, double sinks in all full bathrooms, a fenced back porch, and a two-car garage. Unit 132 is furnished, offering flexibility for furnished rental strategies, while Unit 130 is leased unfurnished.

130 and 132 Clark Lane are being offered together as one investment property and will not be sold separately. Buyers should independently verify lease terms, rental income, operating expenses, and other property-related expenses during due diligence.

The details

HeatingElectric
CoolingCeiling Fan(s), Central Air
FlooringCarpet, Luxury Vinyl Plank, Tile
AppliancesDishwasher, Disposal, Dryer, Electric Range, Microwave, Refrigerator, Washer
Interior featuresDecorative Lighting, Double Vanity, Kitchen Island, Open Floorplan, Walk-In Closet(s)
Bathrooms4 full · 2 half

Construction materialsFrame, Rock/Stone, Stone Veneer
RoofComposition
FoundationSlab
New constructionYes

FencingMetal
Water sourceCity Water
SewerCity Sewer
ElectricElectricity Connected

SubdivisionThe Terraces of Clark Lane

Middle schoolStephenvil
High schoolStephenvil
DistrictStephenville ISD

Gross income$82,200 per year
Operating expenses$23,368 per year
Insurance$2,750 per year
Cap rate6.69% — as listed
Net operating income$58,832 per year

MLS #21416367
Source
On the market1 day
CountyErath

Around this home

One moment…

Everyday life

Nearest groceryH-E-B · 2.1 mi
Nearest parkRiverwalk Townhomes Courtyard · 0.1 mi

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Listing courtesy of Keller Williams Frisco Stars — Tristan Maynard.

Robert LewisStephen LewisRobert & StephenInk Realty Group

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Listing data provided by the North Texas Real Estate Information Systems (NTREIS). MLS #21416367. Information last updated October 26, 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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