Location
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.
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.
Property Details
Price:
$325,000
MLS #:
21121460
Status:
Active
Baths:
0
Type:
Land
Subtype:
Unimproved Land
Subdivision:
Frey Add 02
Listed Date:
Nov 27, 2025
Lot Size:
19,122 sqft / 0.44 acres (approx)
Year Built:
2025
Schools
Interior
Cooling
None
Heating
None
Exterior
Lot Size Area
0.4390
Financial
See this Listing
Aaron a full-service broker serving the Northern DFW Metroplex. Aaron has two decades of experience in the real estate industry working with buyers, sellers and renters.
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Similar Listings Nearby
Community
- Address1040 W Oak Street Stephenville TX
- SubdivisionFrey Add 02
- CityStephenville
- CountyErath
- Zip Code76401
Subdivisions in Stephenville
- 00
- 22.053 Acres of: Acres 34.150, A0880 TW MORRISON
- A Bynum Survey
- A0229 ERATH CO SCHOOL LAND
- A0396 H T & B R R CO; HOUSE & BARN
- A0515 MOTLEY WILLIAM
- aa
- Acres4.010
- Anderson Estis Surv Abs #243
- Beaver Creek
- Bell Daniel
- Belmont Add
- Benjamin BRUMLY
- Big Cedar Fields
- BOND EDWARD M
- Bosque Heights
- BROMLY BENJAMIN
- Buffalo Ridge
- Butler Add
- Cage Add
- Campbell Add
- Campbell Catherine
- Cee-Bar Ranch 16
- Chamberlin Add
- Chamberlin Addition Block D
- City Add
- CITY ADDITION
- City of Stephenville
- Clifton Heights
- Clifton Heights Add
- Coastal Rdg Estates
- College Heights
- Colton William
- Counts Add
- Crow Styles Add
- Dale Ave North Add
- Dale Ave North Addn
- Denman Add
- Diamond C Ranch Estates
- Diamond C Ranch Estates Ph I
- Diamond C Ranch Estates Ph II
- Diamond C Ranch Estates Ph III
- Diamond Oaks Ph 02
- Dillard Reuben
- Dw Babock Surv A-57
- Elk Rdg Estates Ph III
- Elk Rdg Sub
- ELK RIDGE ESTATES
- Erath Co School
- Excels Add
- Fai Add
- Ferguson Acres
- Frey Add 01
- Frey Add 02
- Gadi west
- Gaylor, John abs
- Golf Country Estate
- Golf Country Estates
- Golf Country Estates II
- Green Acres
- Green Acres Add
- Greenview
- Groesbeck Add
- Hargrave John
- Hendry Pearson Surv Abs #613
- Henry Fantharp
- Henson Absalom
- Heritage Hills Ph 02
- Heritage Hills Ph 07
- HIFAM INDUSTRIAL PARK
- Highview Estate
- Hill Valley Estate
- Hillcrest Add
- Horsemans Ranch
- J Dupuy Surv Abs #196
- J M Espinosa Surv A-227
- John Blair Surv Abs #32
- John Dupuy A-0197
- Kight Add
- King & Braeuer Add
- Legend Buffalo Ridge Sub Ph I R
- Legends Buffalo Rdg
- Legends of Buffalo Rdg Sub Ph 3 R
- Legends of Buffalo Ridge
- Lockwood Add
- Lookout
- Lookout The
- M R Williams Surv Abs #804
- Marathon Hills
- Mcalister 02
- Meadows Sub
- Millican & Ott Add
- No
- Oak View Subdivision
- One Garden Place
- PARCLAY JAMES; HOUSE & SHED
- Park Place Add
- PARK PLACE ADDITION
- Peacock Estate
- R Dillard Surv Abs #198
- R000022327
- Raley Add
- Ranches at Oakcrest Valley
- Richland Terrace Add
- River Hills Ranch
- River North
- River North Add
- River North Add 02
- S2300 BUTLER ADDITION
- S2500 CHAMBERLIN ADDITION
- S3360 THE MEADOWS
- S5290 Oakdale Meadows
- S5291 HILL VALLEY ESTATES
- S5700 SHAPARD & COLLINS; BLOCK 2; LOT 7
- S6200 SOUTH SIDE ADDITION
- S6200 SOUTH SIDE ADDITION,
- S6600 TANGLEWOOD SECOND ADDITION
- Samuel Dubois Surv Abs #213
- Shapard & Collins
- Sherwood Forrest
- Sims Creek
- Sims William
- Sloan 01
- SMITH HANCOCK
- South Side
- South Side Add
- South Side Addition
- South Tanglewood
- Springfield Park #11
- Stephenville
- Stephenville Bk Add
- Sunrise Mountain
- Sunrise Mountain Ranch
- Sunset Mountain Ranch
- Tanglewood Add 02
- Tanglewood Estate
- Tanglewood Northwest
- Tanglewood Northwest Add
- Tanglewood West Add
- Tarleton Crossings
- Tarleton Heights
- TBD
- TEXAN RANCH WEST
- Timber Creek
- Timber Creek Estate
- Timber Creek Estates
- TIMBER HILLS
- Timber Hills Add
- Trinity Ridge
- University Plaza
- West Oaks Add
- Wild Horse Sub Ph II
- Wildhorse
- William Sims Surv Abs #683
- Williams M R
- Wilson
- Wooded Oaks Add
Market Summary
Current real estate data for Land in Stephenville as of Feb 16, 2026
174
Land Listed
230
Avg DOM
$687,289
Avg List Price
Property Summary
- Located in the Frey Add 02 subdivision, 1040 W Oak Street Stephenville TX is a Land for sale in Stephenville, TX, 76401. It is listed for $325,000 and features 0 acres. To schedule a showing of MLS#21121460 at 1040 W Oak Street in Stephenville, TX, contact your Aaron Layman Properties agent at 940-209-2100.
1040 W Oak Street
Stephenville, TX