• Office Phone - 972.335.6564
  • Primary - 972.489.4887

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Listing provided courtesy of Ebby Halliday Realtors- MLS# 21242182MLS ProviderContact Information: Eric Hayden - (254) 965-7653

1391 N Paddock StreetStephenville, TX 76401

Multi-Family · 6 Beds · 2 Full Baths · 1,639 Sq. ft. | 0.17 Acres
$365,000 Active

1391 N Paddock Street Overview

Visits:
37

Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.

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1391 N Paddock Street Facts & Features

  • Type Multi-Family
  • Sq. ft. 1,639
  • Price/Sq.ft. $223
  • Lot 0.17 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Stephenville ISD
  • Elementary School: Chamberlai
  • Middle Or Junior School: Gilbert,Stephenvil
  • High School: Stephenvil

Income/Expenses

  • Gross Income: 34800.0
  • Insurance Expense: 3700.0
  • Net Operating Income: 27045.0
  • Operating Expense Includes: Insurance

Building Information

  • Year Built: 1930
  • Year Built Details: Preowned

Location/Region

  • Country: US
  • County Or Parish: Erath
  • Postal City: STEPHENVILLE
  • Subdivision Name: Crow Styles Add

Tax Information

  • Tax Annual Amount: 4077.0

General Information

  • Listing Terms: Cash,Conventional
  • Parcel Number: R000031157
  • Property Sub Type: Duplex
  • Property Type: Residential Income

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Full: 2
  • Bathrooms Half: 0
  • Bathrooms Total: 2
  • Bedrooms Total: 6

Building Interior

  • Building Area Source: Assessor
  • Building Area Total: 1639.0

General Information

  • Appliances: Electric Range
  • Fireplace: No
  • Fireplaces Total: 0
  • Flooring: Tile,Vinyl,Wood
  • Foundation Details: Slab
  • Interior Features: Built-in Features,Decorative/Designer Lighting Fixtures,Tile Counters,Cable TV
  • Levels: One
  • Stories: 1
  • Window Features: Window Coverings

Exterior

Parking Information

  • Parking Features: Attached Carport,Additional Parking,Covered,Carport,Driveway,On Site,Outside
  • Parking Total: 4.0

Lot Information

  • Lot Features: Back Yard,Corner Lot,Lawn,Few Trees
  • Lot Size Acres: 0.17
  • Lot Size Area: 0.17
  • Lot Size Square Feet: 7405.2
  • Lot Size Units: Acres
  • Number Of Buildings: 1
  • Water Source: Public

Waterfront/View

  • Waterfront: No

Building Exterior/Construction

  • Construction Materials: Brick
  • Roof: Metal

General Information

  • Carport Spaces: 2.0
  • Carport: Yes
  • Covered Spaces: 2.0
  • Exterior Features: Other
  • Fencing: Chain Link,Privacy,Wood
  • Number Of Units Total: 2
  • Pool Features: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available,Water Available,Cable Available

Unit Information

Unit 1 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Unit 2 Details

  • Unit Type: 3 Bedroom
  • Units Total: 1

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

1391 N Paddock Street Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

1391 N Paddock Street Market Data

Based on the last 30 days in this zip code

$631,349
Average List Price
$298
Average Price per Square Foot
32
Properties Sold
125
Average Days on Market
210
Properties for Sale
Calculations provided by Reliance Network


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