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$675,000

1450 (A) Lincoln Drive, Stephenville, TX, 76401

On MarketInfo
CommercialInfo
Beds8 Beds
Baths4 Bath
Baths4,360 Sq Ft
Multi FamilyMulti Family
Year BuiltBuilt in 1987

Highlights

Interior

Bedrooms 8Bedrooms 8
Bathrooms 4Bathrooms 4
AppliancesDryer, Electric Oven, Electric Range, Other
FlooringConcrete, Vinyl

Exterior

Exterior FeaturesOther
Lot Size5 acres

Building Information

Year Built1987

Land Information

APNR000044390
Lot Number11
SubdivisionSpringfield Park
Land UseResidential
Legal DescriptionS6410 SPRINGFIELD PARK;, LOT 11; & MH MPHMAKE:FLEETWOOD CHAPEL HOMES MPHMODEL:CHAPEL HILL MPHSIZE:28X40 MPHYEAR:1986 MPHSERIA
Census Tract950203
Assessed Land Value$117,500
Assessed Improvement Value$566,080
Assessment Year2025

About this property

Turnkey Investment Property with Expansion Potential on 3 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. Outside if you need room to expand with more facilities or even build another quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.

Investor Tools

$134,318Estimated Mortgage Balance
$604,682Estimated Equity
81% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$4,434 /month
Positive
Cash Flow Estimate:
$1,478 /month

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Brittany Elkins

Ebby Halliday Realtors

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$308/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$683,580
2025
$117,500
$566,080
$683,580
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$683,580

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Farmers & Merchants Bank
Unknown
$138,000
No
First
Nov 8, 2024
Nov 2044

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$134,318
$604,682
81%
18%
$828/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Stephenville

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1450 (A) Lincoln Drive | Property Details | No Agent List