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$785,000 -$200,000 (-20.3%) Price Reduced

  • For Sale
  • Active
  • Commercial Service
  • 2,400 Sq. Ft.
  • 0.362 Acres
  • Updated 1 day ago
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Investors welcome! This beautiful hotel, located on a corner LOT, only half block from Tarleton State University is an asset gain in itslef and with a TURN KEY Boutique Hotel, featuring four rentable short term suites. The Gallery House Boutique Hotel, opened for business in September, 2020 and has been well received for six years running! This Craftsman Home, built in 1895, took two years to restore and convert into a Hotel. Located half block from TSU and 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, 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 has excellent reviews, repeat guest, local business, corporate travel, sub-contractors and transient weekend buisness. The Gallery House has an establised website capturing majority of reservations. Walking distance to TSU, Historic Downtown, and Hospital district. Property is an asset gain as Tarleton State University grows expenditually in all directions.

Full Property Details for 1092 W Tarleton St

General

  • Price: $785,000
  • Taxes: $5,311
  • Status: Active
  • Type: Commercial Service
  • Source: NTREIS
  • MLS ID: 20935585
  • Updated: 7/28/2026
  • Added to Site: 413 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.

Community

  • Adult Community: Yes

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: 2
  • 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, Historic District
  • Potential Use: Hotel/Motel
  • Zoning: R-# Residential and multi-housing Buyer to verify

Financial Considerations

  • Tax Amount: $5,311
  • Terms: Cash, Conventional, Contract, Owner Will Carry
  • 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: personal furnishings and art on interior and exterior of hotel.
  • Inclusions: Building Only, 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

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1092 W Tarleton St

School District:Stephenville Independent School District
NameGradesDistance
Central Elementary School, Stephenville, TX
780 West Washington Street, Stephenville, TX 76401
PK-K0.3 mi
Hook Elementary School
1067 West Jones Street, Stephenville, TX 76401
3-40.3 mi
Chamberlin Elementary School
1601 West Frey, Stephenville, TX 76401
1-20.7 mi
Henderson Junior High School
2798 West Frey, Stephenville, TX 76401
7-81.6 mi
Stephenville High School
2650 West Overhill Drive, Stephenville, TX 76401
9-121.4 mi
Gilbert Intermediate School
950 North Dale Avenue, Stephenville, TX 76401
5-61.3 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 1092 W Tarleton St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/28/2026
Price Reduced
$785,000
-20.3%
MLS
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 for 1092 W Tarleton St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$5,311
-2%
$305,160
—
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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Listed by Keller Williams Brazos West, Kimberly Fornes

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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 $785,000 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.

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