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$539,990

201 S Jones St, Granbury, TX, 76048

On MarketInfo
Beds4 Beds
Baths3 Bath
Baths3,129 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$172.58 / sqft
Year BuiltBuilt in 1943

Property Lead Type:

Off-Market ListDeal ListAbsentee OwnerMove-In Ready

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 3Bathrooms Full 3
Garage AvailableGarage Available
AppliancesDryer, Electric Range, Gas Range, Refrigerator, Washer
FlooringLaminate, Tile

Building Information

Year Built1943
Stories2
Garage Spaces2

Land Information

APN15710.151.0001.3
Lot NumberN
SubdivisionThrash
Land UseResidential
Legal DescriptionLOT: N 1/2 1 BLK: 151 SUBD: THRASH
Census Tract160100
Assessed Land Value$36,000
Assessed Improvement Value$317,370
Assessment Year2025

About this property

Located just five blocks from Granbury’s beloved Historic Square, this fully renovated triplex offers a rare opportunity in one of the area’s most charming and desirable locations. Thoughtfully updated from top to bottom since 2020, the property features a newer roof, updated windows, fresh paint, new flooring, remodeled bathrooms, improved attic insulation, and extensive updates to the electrical, plumbing, and gas systems. Each of the three units has been beautifully remodeled, fully furnished, and designed for comfort, flexibility, and convenience. Every unit includes separate utilities and washer and dryer connections, creating an ideal setup for tenants and streamlined ownership. The downstairs units feature central HVAC, while the upstairs unit is equipped with an efficient multi-split system. Each residence also offers its own distinct character, along with a private back or side yard space. Whether you are looking to expand your rental portfolio, generate income through midterm rentals, or secure a long term investment property near the heart of Granbury, this triplex checks all the boxes. With its prime location, extensive renovations, and flexible rental potential, this is a standout investment opportunity in a market where triplexes are rarely available. A turnkey property this close to the Historic Square does not come along often, don’t miss your chance to own this unique Granbury gem.

Investor Tools

Property Icon
$593,000
Estimated Property Value
$497,303Estimated Mortgage Balance
$115,905Estimated Equity
16% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,558 /month
Positive
Cash Flow Estimate:
$1,186 /month

Interested in this property?

Chenchi Kuriakose

Stride Real Estate, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$714/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$5,598
$353,370
2025
$36,000
$317,370
$353,370
No

Tax History

Year
Tax Paid
Assessed Value
2025
$5,598
$353,370

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Amerihome Mortgage Company Llc
Fha
$497,303
Yes
First
Mar 25, 2024
Apr 2054

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$477,095
$115,905
19%
80%
$2,982/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.

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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: Granbury

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201 S Jones St | Property Details | No Agent List