For sale

$999,000

1450 Lincoln Dr, Stephenville, TX 76401

11beds

4,360sqft

Est.:

Multi Family

Built in 1987

-- sqft lot

$-- Zestimate^®

$229/sqft

$-- HOA

What's special

Fenced yardLoafing shedsModern quadplex buildingsContemporary designFully remodeled manufactured homeLow-maintenance unitsScreened porch

Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.

356 days

169

8

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 11
Bathrooms: 3
Full bathrooms: 6

Heating

Central, Electric

Cooling

Central Air, Ceiling Fan(s)

Appliances

Included: Dryer, Electric Oven, Electric Range, Gas Cooktop, Refrigerator, Washer

Features

Decorative/Designer Lighting Fixtures, Eat-in Kitchen
Flooring: Concrete, Luxury Vinyl Plank, Other, Vinyl
Windows: Window Coverings
Has basement: No
Number of fireplaces: 1
Fireplace features: Decorative, Other, Wood Burning

Interior area

Total structure area: 4,360
Total interior livable area: 4,360 sqft

Video & virtual tour

View virtual tour

Property

Parking

Total spaces: 6
Parking features: Common, Carport, On Site
Carport spaces: 2

Features

Levels: One
Stories: 1
Patio & porch: Rear Porch, Front Porch, Screened, Covered, Deck
Exterior features: Deck, Other
Pool features: None
Fencing: Back Yard,Chain Link,Other,Wood

Lot

Size: 5 Acres
Features: Acreage, Cleared, Few Trees

Details

Parcel number: R000044390

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Other
Foundation: Pillar/Post/Pier, Slab
Roof: Metal,Shingle

Condition

Year built: 1987

Utilities & green energy

Sewer: Septic Tank
Water: Private, Well
Utilities for property: Septic Available, Water Available

Community & HOA

Community

Subdivision: Springfield Park #11

HOA

Has HOA: No

Location

Region: Stephenville

Financial & listing details

Price per square foot: $229/sqft
Tax assessed value: $683,580
Annual tax amount: $9,737
Date on market: 4/24/2025
Exclusions: All personal items for the tenants

Estimated market value

Not available

Estimated sales range

Not available

$1,676/mo

Price history

Date	Event	Price
4/24/2025	Listed for sale	$999,000+1567.8%$229/sqft
Source: NTREIS #20913268 Report a problem
1/24/2013	Listing removed	$59,900$14/sqft
Source: PECAN VALLEY REALTY #11871547 Report a problem
12/4/2012	Listed for sale	$59,900-39.8%$14/sqft
Source: Homepath Report a problem
11/3/2010	Listing removed	$99,500$23/sqft
Source: Coldwell Banker Preferred Properties #11287062 Report a problem
5/1/2010	Price change	$99,500-9.5%$23/sqft
Source: Coldwell Banker Preferred Properties #11287062 Report a problem
10/15/2009	Listed for sale	$110,000$25/sqft
Source: COLDWELL BANKER PREFERRED PROP #11287062 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	--	$683,580 -4.7%
2024	$9,734 +15.6%	$717,270 +17.9%
2023	$8,423 +2.6%	$608,220 +16.1%
2022	$8,210 +20.8%	$524,040 +26.1%
2021	$6,798 +287.6%	$415,450 +296.9%
2020	$1,754 +5.4%	$104,670 +9.3%
2019	$1,665 +11%	$95,760 +3.8%
2018	$1,500	$92,260 +5.5%
2017	$1,500 +2.2%	$87,450 +2.3%
2016	$1,468 +4.7%	$85,520 +6.1%
2015	$1,402	$80,640 -1.3%
2014	$1,402	$81,670 -0.1%
2012	--	$81,720 -1.2%
2011	--	$82,730 -1.2%
2010	--	$83,740 +0.7%
2009	--	$83,160 +7.3%
2008	--	$77,500 -1.2%
2007	--	$78,420