For sale

Price cut: $600K (4/21)

$1,400,000

392 County Rd, Stephenville, TX 76401

--beds

--baths

20,000sqft

Est.: Get pre-qualified

Multi Family

Built in 1985

-- sqft lot

$-- Zestimate^®

$70/sqft

$-- HOA

What's special

Updated and maintained regularlyLighted arena

This turnkey income producing rental property is now available with a NEW configuration and NEW Pricing to fit more Buyers. As of April, 2026 the property is 100% occupied, with gross rental income of $148,000 per year. The property fronts paved county road 392, just south of Lingleville, west of Stephenville, and North of Dublin Close to Tarleton State University. Highlights of this multi-dimensional property include a 10 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and one RV spot. The mobile homes have been very well cared for, updated and maintained regularly, and recently re-sided with matching sheet metal. Horse facilities consist of 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena.

351 days

36

2

Tour with a local agent

Facts & features

Interior

Heating

Central

Cooling

Central Air

Features

Other
Flooring: See Remarks
Has fireplace: No

Interior area

Total structure area: 20,000
Total interior livable area: 20,000 sqft

Video & virtual tour

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Property

Parking

Total spaces: 30
Parking features: Common

Features

Levels: Multi/Split
Pool features: None
Fencing: Cross Fenced,Perimeter

Lot

Size: 10.25 Acres
Features: Acreage, Agricultural, Hardwood Trees, Pasture, Wooded

Details

Additional structures: Barn(s), Stable(s)
Parcel number: R000014828

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Metal Siding, See Remarks
Foundation: Combination
Roof: Metal

Condition

Year built: 1985

Utilities & green energy

Sewer: Septic Tank
Water: Well
Utilities for property: Cable Available, Electricity Available, Septic Available, Water Available

Community & HOA

Community

Subdivision: Wilson

HOA

Has HOA: No

Location

Region: Stephenville

Financial & listing details

Price per square foot: $70/sqft
Date on market: 6/10/2025
Cumulative days on market: 351 days
Listing terms: Cash,Conventional,1031 Exchange
Electric utility on property: Yes

Estimated market value

Not available

Estimated sales range

Not available

$1,601/mo

Price history

Date	Event	Price
4/21/2026	Price change	$1,400,000-30%$70/sqft
Source: NTREIS #20964856 Report a problem
6/10/2025	Listed for sale	$2,000,000+30%$100/sqft
Source: NTREIS #20964856 Report a problem
1/25/2024	Listing removed	--
Source: NTREIS #20471661 Report a problem
11/8/2023	Listed for sale	$1,537,956$77/sqft
Source: NTREIS #20471661 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

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