1092 W Tarleton Street, Stephenville, TX 76401 - Photo 1

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$985,000

For Sale
Active
Commercial Service
2,400 Sq. Ft.
0.362 Acres

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Property Description

PRICE REDUCTION The Gallery House Boutique Hotel, opened for business in September 2020 and has been well received! This Craftsman Home, originally built in 1895, took two years to restore and convert into a Hotel. A turn-key business. Located half block from Tarleton State University and on a corner lot with room to expand. Featuring four private rentable rooms, elegantly designed and all with modern conveniences. Zoned Mini splits in every room, smart T.V., microwave, mini fridge, custom showers and well made matresses and lines. Hardwood floors throughout. Hotel features 10 foot ceilings with re-claimed vintage stamped tin in all three downstairs KING rooms, each with a different design. Five original fireplaces, Commercial gas tankless water heater, externally mounted, along with professional water softner system which protect fixtures, shower doors and appliances. Grounds include, a detached office studio with private bath and zoned heating and air, custom rock patios, sidewalks, courtyards and native landscaping. An asphalt parking lot with an ADA concrete slap provides safe parking off the street, with a designated Entrance and Exit. An ADA cement ramp with railing, plus steps from parking lot lead guest to our beautiful wrap around porch to access Hotel. Property has room to build Phase II if desired, which would include the addition of three rental units on one foundation. Sewer tap in place and parking lot built with 14 spaces to accomodate future expansion. The Gallery House Boutique Hotel has excellent review scores, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House Boutique Hotel has an establised website which captures majority of reservation bookings. Walking distance to Tarleton State University, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

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Full Property Details

Full Property Details for 1092 W Tarleton St

General

Price: $985,000
Taxes: $5,311
Status: Active
Type: Commercial Service
Source: NTREIS
MLS ID: 20935585
Updated: 12/30/2025
Added to Site: 263 day(s) ago

Business

Name: The Gallery House Boutique Hotel, LLC
Business Type: Hotel/Motel, Hospitality

Interior

Flooring: Hardwood

Additional Information

Security/Safety: Carbon Monoxide Detector(s), Firewall(s), Other, Smoke Detector(s)

Parking

Parking Features: Additional Parking, Asphalt, Common, Drive Through, No Garage, On Site, Open, Off Street, Outside, Paved, Parking Lot, Private, Unassigned

Location

County: Erath
Subdivision: Park Place Add
Driving Directions: 1092 W Tarleton Street, behind Wendy's restaurant, North of Washington Street. The Gallery House Boutique Hotel is located on the corner of Tarleton and Ollie Streets. Half block from Tarleton State University's east campus.

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Ceiling Fan(s), Electric, Other, Zoned
Heating Type: Electric, Natural Gas, Other, Zoned

Utilities

Sewer: Public Sewer
Water: Public
Cable Available: Yes
Utility Description: Cable Available, Electricity Connected, Natural Gas Available, Other, Sewer Available, Separate Meters, See Remarks, Water Available

Structural Information

Detached/Attached: Detached
Construction: Frame, Wood Siding
Roof: Composition
Stories/Levels: 5
Square Feet: 2,400
Sq. Ft. Source: Assessor
Year Built: 1895

Lot Features

Lot Size (Acres): 0.362
Lot Size (Sq. Ft.): 15,768.72
Lot Size Source: Assessor
Lot Dimensions: 15769
Frontage: City Street, Asphalt
Sidewalks: Yes
Lot Features: Back Yard, Corner Lot, Hardwood Trees, Irregular Lot, Lawn, Landscaped, Native Plants, Many Trees
Potential Use: Hotel/Motel
Zoning: R-# Residential and multi-housing Buyer to verify

Financial Considerations

Tax Amount: $5,311
Terms: Cash, Conventional, Contract, 1031 Exchange
Owner Pays: All Utilities, Common Area Maintenance, Electricity, Exterior Maintenance, Gas, Grounds Care, Insurance, Management, Other, Pest Control, Roof Maintenance, Security, Taxes, Trash Collection, Water
Tenant Pays: Other

Disclosures and Reports

Documents Avail.: Survey
Legal Description: S5400 PARK PLACE ADDITION BLOCK 16; LOT 1A &
Exclusions: See Exclusions attached in documents. Majority of furnishings are inclusive. All supplies, linens, towels, tolietries in inventory included at closing
Inclusions: Business, Furniture, Inventory, Land & Improvements
Disclosures/Rstr.: Owner Is Listing Agent
Property ID: R000032857
Block: 16
Lot Number: 1A

Listed by Keller Williams Brazos West, Kimberly Fornes

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Listing agent

— 1092 W Tarleton St —

Kimberly Fornes

Keller Williams Brazos West

254-459-1405

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Schools

Schools serving 1092 W Tarleton St

School District:Stephenville Independent School District

Name	Grades	Distance
Central Elementary School, Stephenville, TX 780 West Washington Street, Stephenville, TX 76401	PK-K	0.3 mi
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	0.7 mi
Henderson Junior High School 2798 West Frey, Stephenville, TX 76401	7-8	1.6 mi
Stephenville High School 2650 West Overhill Drive, Stephenville, TX 76401	9-12	1.4 mi
Gilbert Intermediate School 950 North Dale Avenue, Stephenville, TX 76401	5-6	1.3 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1092 W Tarleton St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

11/24/2025

Price Reduced

$985,000

-27.04%

MLS

6/11/2025

Listed

$1,350,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 1092 W Tarleton St

Year

Property Taxes

Change

Tax Assessment

Change

2023

$5,408

—

$305,160

10%

2022

$5,431

19%

$276,750

26%

2021

$4,580

35%

$220,390

38%

2020

$3,393

3%

$159,260

7%

2019

$3,285

58%

$148,750

6%

2017

$2,076

—

$140,710

10%

2017

$2,076

4%

$127,700

7%

2016

$2,001

—

$119,780

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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1092 W Tarleton Street, Stephenville, TX 76401 (MLS# 20935585) is a Commercial Service property. 1092 W Tarleton Street is currently listed for $985,000 and was received on June 11, 2025. Want to learn more about 1092 W Tarleton Street? Do you have questions about finding other Commercial Service real estate for sale in Stephenville? You can browse all Stephenville real estate or contact a Coldwell Banker agent to request more information.

1092 W Tarleton St Stephenville, TX 76401