632 N Ollie Street

About this home

Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.

Schools

Elementary

Chamberlai

Middle

Gilbert,Stephenvil

High

Stephenvil

School assignments per NTREIS. Confirm current attendance zones with the district before relying on them.

Property details

MLS #

21247901

Property Type

Multi-Family / Income

Status

For Sale

County

Erath

Subdivision

College Heights

Lot Size

5,227.2 sqft

HOA Dues

None

Annual Taxes

$1,723

Days on Market

95 days

Listed

Aug 3, 2026

Price per Sqft

Not listed