1147 W Frey Street
Stephenville, TX 76401
Listing courtesy of Case Horton, PREFERRED PROPERTIES OF TEXAS
About this home
Incredible investment opportunity! Zoned R3 multifamily and situated on nearly a half-acre lot, this property offers excellent potential for generating rental income. The home is currently configured with 3 bedrooms and 3 bathrooms, making it ideal for student housing or multi-tenant use. Located just a short walk from Tarleton State University, this Craftsman property features two living areas, high ceilings, built-ins, and a cozy gas log fireplace. The large, fenced backyard includes established trees, a workshop, storage shed, and garden area—providing ample space for future expansion or additional units. Don’t miss out on this rare chance to own a prime investment property near campus!
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 #
- 21301329
- Property Type
- Residential
- Status
- Active
- County
- Erath
- Subdivision
- Kight Add 02
- Lot Size
- 18,730.8 sqft
- Garage
- 1-car
- HOA Dues
- None
- Annual Taxes
- $5,036
- Days on Market
- New (1 day)
- Listed
- Jun 13, 2026
- Price per Sqft
- $151
Estimate your monthly payment
Estimate only, not a loan offer. Taxes, insurance, and HOA are approximate.
- Principal & interest
- $1,863
- Property taxes
- $420
- Homeowner's insurance (est.)
- $102
Based on a 30-year fixed loan. Talk to a lender for an accurate quote.
Similar homes nearby
See all in Stephenville→
Listing courtesy of Larinda Ray, LARINDA RAY REALTY TEAM
Listing courtesy of Sam Byrd, Keller Williams Brazos West
Listing courtesy of Lane Cooper, Keller Williams Heritage West