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$534,000

NAL Estimated Property Value

860 W Long St, Stephenville, TX, 76401

Off MarketInfo
Beds3 Beds
Baths2 Bath
Baths2,073 Sq Ft
price_per_sqft$288.95 / sqft
Year BuiltBuilt in 1920

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
AppliancesGas Cooktop, Gas Oven, Gas Range, Gas Water Heater

Exterior

Lot Size1.68 acres

Building Information

Year Built1920
Garage Spaces1

Land Information

APNR000029717
Lot Number12,16
SubdivisionCity Addition
Land UseResidential
Legal DescriptionS2600 CITY ADDITION;, BLOCK 72;, LOT 12;16;17B;, (S202.9 OF 17B)
Census Tract950600
Assessed Land Value$79,980
Assessed Improvement Value$167,630
Assessment Year2025

About this property

Great investment opportunity!! Check out this huge 1.68 acre R3 multi family zoned lot!! The lot is located in a prime spot! As you can see in the pictures there is a large complex of new apartments being built right behind it! It is centrally located, close to TSU, the city park, the downtown area and the shopping district! This one is primed and ready for someone to come and develop it! Keep the home and rent it or remove it and develop the entire lot. The possibilities are endless. The street out front has recently been replaced and now features new sidewalks. This is a great opportunity for someone wanting to jump into the Multi Family housing business and it already has a home on site to rent and offset the cost! The home is a very large older home that has been updated. There is also a possibility of some additional acreage that would give the lot access to a second street. Call or text to see what this one can do for you!!

Investor Tools

Property Icon
$534,000
Estimated Property Value
$137,852Estimated Mortgage Balance
$396,148Estimated Equity
74% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,594 /month
Positive
Cash Flow Estimate:
$1,198 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$524/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$247,610
2025
$79,980
$167,630
$247,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$247,610

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Interbank
Fha
$152,167
Yes
First
Jan 14, 2015
Feb 2045

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$137,852
$396,148
74%
26%
$1,067/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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860 W Long St | Property Details | No Agent List