
$695,000
NAL Estimated Property Value841 County Road 502, Stephenville, TX, 76401
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Interior
About this property
Back on the market due to no fault of the property. DUPLEXES! Four sets of 2 bdrm, 1 bath units ea with kitchen, appliances, breakfast area, living room & 11x20 carport with utility rm washer & dryer connections. Horse run & shed behind each unit. Rents ave $800 per unit. Units updated (paint & new floors). Metal roof was installed over existing composition roof. This may affect ins cost or can be omitted from coverage. Units are easy to lease & highly desired. Current owner pays, taxes, ins, lawn maint of $140 when done (depends on rain & time of yr), dumpster approx $200 per mo & elect for the well pump ave $50 per mo. See uploads for P&L and notes. $49k annual net income potential with a cap rate of 7%.
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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: Stephenville
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