Date
Details
Price
Change
Source
7/11/2026
Listed
$320,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$320,000 Just Listed
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Property Description
Exceptional Multifamily Development Opportunity - .439 Acre in Prime Stephenville Location Discover an investment-ready project offering 3 duplexes (6 total units, 18 bedrooms) positioned in one of Stephenville's most sought-after rental corridors. This .439-acre property comes fully prepared for development with architectural plans, civil plans, an approved replat, and a builder's construction estimate included-making this an ideal turnkey opportunity for investors looking to capture the strong demand around Tarleton State University. City water and sewer are already on site, streamlining permitting and speeding up your construction timeline. Once building permits are issued by the City, the builder estimates a 4-6 month construction window, placing completion perfectly to deliver move-in ready units for summer 2026-ideal timing for Tarleton student leasing for the 2026-2027 academic year. Whether you're expanding your portfolio or entering the highly competitive Stephenville rental market, this property offers a unique mix of readiness, location, and income potential.
Full Property Details
Full Property Details for 1040 W Oak St
General
- Price: $320,000
- Taxes: $1,675
- Status: Active
- Type: Commercial Investment
- Source: NTREIS
- MLS ID: 21328544
- Updated: 7/11/2026
- Added to Site: Today
Business
- Business Type: Other
Location
- County: Erath
- Subdivision: Frey Add 02
- Driving Directions: GPS Friendly
Heating & Cooling
- Cooling Type: None
- Heating Type: None
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Stories/Levels: 1
- Sq. Ft. Source: Plans
- Year Built: 2025
Lot Features
- Lot Size (Acres): 0.439
- Lot Size (Sq. Ft.): 19,122.84
- Lot Size Source: Plans
- Lot Features: Acreage
- Potential Use: Other
- Zoning: R3
Financial Considerations
- Tax Amount: $1,675
- Terms: Cash, Conventional, 1031 Exchange, See Agent
Disclosures and Reports
- Legal Description: S3600 FREY SECOND ADDITION; BLOCK 4; LOT 1R
- Inclusions: Land & Improvements
- Property ID: R000031509
- Block: 4
- Lot Number: 1R
Listed by Marandy Dove Realty, Marandy Dove
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 1040 W Oak St —
Marandy Dove
Marandy Dove Realty
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 1040 W Oak St
School District:Stephenville Independent School District
| Name | Grades | Distance |
|---|---|---|
Hook Elementary School 1067 West Jones Street, Stephenville, TX 76401 | 3-4 | 0.3 mi |
Chamberlin Elementary School 1601 West Frey, Stephenville, TX 76401 | 1-2 | 0.6 mi |
Central Elementary School, Stephenville, TX 780 West Washington Street, Stephenville, TX 76401 | PK-K | 0.8 mi |
Henderson Junior High School 2798 West Frey, Stephenville, TX 76401 | 7-8 | 1.7 mi |
Stephenville High School 2650 West Overhill Drive, Stephenville, TX 76401 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1040 W Oak St
Tax History
Tax History for 1040 W Oak St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$1,740
-32%
$100,000
—
2023
$2,570
—
$100,000
-31%
2023
$2,570
-3%
$145,040
7%
2022
$2,658
39%
$135,440
47%
2021
$1,915
4%
$92,140
6%
2020
$1,849
12%
$86,800
16%
2019
$1,646
10%
$74,540
7%
2017
$1,503
—
$69,620
2%
2017
$1,503
11%
$68,480
12%
2016
$1,355
—
$61,410
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1040 W Oak St
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1040 W Oak Street, Stephenville, TX 76401 (MLS# 21328544) is a Commercial Investment property. 1040 W Oak Street is currently listed for $320,000 and was received on July 11, 2026. Want to learn more about 1040 W Oak Street? Do you have questions about finding other Commercial Investment real estate for sale in Stephenville? You can browse all Stephenville real estate or contact a Coldwell Banker agent to request more information.