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.
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.
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:
$295,000
MLS #:
21328544
Status:
Active
Baths:
0
Type:
Land
Subtype:
Unimproved Land
Subdivision:
Frey Add 02
Listed Date:
Jul 11, 2026
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
- A0111 B B B & C R R CO
- A0142 CAMPBELL CATHERINE
- A0198 DILLARD REUBEN
- A0200 DAY ALBERT
- A0270 FORBES BENJAMIN; A0198
- A0352 Hoppe Ann, MK
- A0751 R Snodgrass; A1018 I Hand; A1271 J Sweeney;
- acreage
- Acres 0.178, S3200 CROW STYLES ADDITION
- Acres 10.340, A0214 DUNCAN PETER J; HOUSE & BARN
- Acres 22.049, A0880 TW MORRISON; & HOUSE
- Acres: 112.730 A0734 S A & M G Rr Co; A0751 R Snod
- Alfred C Grimes
- AO197 DUPUY John
- BAILEY JESSE
- Beaver Creek
- Bell Daniel
- Belmont
- Belmont Add
- Bosque Heights
- Brower Henry H
- Butler
- Butler Add
- Cage Add
- CAMPBELL H O
- Cee Bar Ranch
- Cee-Bar Ranch 16
- Chamberlin Add
- Chamberlin Addition
- CHISOLM BENJAMIN
- City Add
- City Addition
- City of Stephenville
- City Stephenville
- Clifton Heights
- College Heights
- Counts Add
- Crow Styles Add
- Crow Styles Addition
- Dale Ave North Add
- Denman Add
- DENMAN ADDITION
- Diamond C Ranch Estates
- Diamond C Ranch Estates Ph II
- Diamond C Ranch Estates Ph III
- Diamond Oaks I
- Diamond Oaks Tr 20 Ph 01
- Dillard Reuben
- DUBOIS SAMUEL
- Dupuy
- Dvorak Add
- Elk Rdg Estates Ph III
- Elk Ridge Estate
- Elk Ridge Estates
- Erath Co School
- Evergreen Add
- FARROW JOHN M; MH & STGS
- Frey Add 01
- Frey Add 02
- Golf Country
- Golf Country Estate
- Golf Country Estates
- Golf Country Estates II
- Green Acres Add
- Greenview Add
- Groesbeck
- Groesbeck Add
- Groesbeck Addition
- HAYS JOHN M
- Henry Pearson
- HIFAM INUSTRIAL PARK
- Highland Park Add
- Highview Estate
- Hill Valley Estate
- Hillcrest Add
- Horsemans Ranch
- J W Alexander
- John M Farrow
- Kight 2nd Add
- Kight Add 02
- KIGHT SECOND ADDITION
- KING & BRAEUER ADDITION
- King Add
- Lakewood Estates Add Ph 3
- Legends Buffalo Rdg sub PH111
- Lockwood
- Marathon Hills
- Mathew Roberts
- Mcalister 02
- Miller Add
- Millican & Ott Add
- Morningside
- Mustang Mdws
- Mustang Meadows
- no
- North Wedgewood Add
- North Wedgwood Add
- Oak Tree Add
- Oakdale Mdws Add 04
- One Garden Place
- Park Place
- Park Place Add
- PARK PLACE ADDITION
- Peacock Estate
- Pecan Hill Estate
- Pidgeon Road Estate
- Pinnacle Estates
- R Dillard Surv Abs #198
- R000022327
- Raley Add
- RANCHES AT OAKCREST VALLEY
- Rater T Estates
- Richland Terrace Add
- Ridgeview Estate
- River Hills Ranch
- River North Add
- River North Add 02
- S2500 Chamberlin Addition
- S2600 City Add & Millican & Ott Add
- S2600 CITY ADDITION;
- S3360 THE MEADOWS
- S4600 King & Braeuer
- S5100 MILLICAN & OTT
- S5100 MILLICAN & OTT ADDITION
- S5400 Park Place Add
- S6200 SOUTH SIDE
- S7160 FAITH MARIE ESTATES
- Saddle Rdg
- Shapard & Collins
- Sherwood Forest
- Sims Add
- SIMS WILLIAM
- South Side
- South Side Add
- SOUTH SIDE ADDITION
- Springfield Park #11
- Stephenville
- Sunrise Mountain Ranch
- Sunset Mountain Ranch
- Tanglewood Add
- Tanglewood N E Add
- Tanglewood Northwest
- Tanglewood Northwest Add
- Tarleton Crossings
- Tarleton Heights
- TBD
- TEXAN RANCH WEST
- Texan Ranch West Sub
- The Residences At The West Loop
- The Residences At West Loop
- The Terraces at Clark Lane
- The Terraces at Clark Lanr
- Timber Creek Estates
- Timber Crk Estates
- Timber Hills Add
- Traweek Add
- Trinity Rdg Estates
- Walking Horse Estates
- Walking Horse Estates Ph I
- West Gate Add
- West Loop Commercial – Tract A
- west oak add
- West Oaks Add
- Wildhorse
Market Summary
Current real estate data for Land in Stephenville as of Nov 10, 2026
180
Land Listed
252
Avg DOM
$677,854
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 $295,000 and features 0 acres. To schedule a showing of MLS#21328544 at 1040 W Oak Street in Stephenville, TX, contact your Aaron Layman Properties agent at 940-209-2100.
1040 W Oak Street
Stephenville, TX