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Stephenville,TX 76401
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Subdivision North Hillcrest
MLS Listing ID 21037808
Annual Tax Amount $696
Lot Size 1.241 Acres
Property Sub-Type Unimproved Land
Property Description
Excellent opportunity to acquire a strategically located parcel zoned R3 Multifamily, just over one mile from Tarleton State University. This property offers strong potential for a 25–30 unit multifamily development, aligning with the high rental demand driven by student housing, faculty, and the growing local workforce.
The site is positioned for investors and developers seeking a value-add project in a market with consistent occupancy rates and steady rental demand. With multifamily land in limited supply this close to campus, this tract represents a rare chance to capitalize on both location and zoning flexibility.
Location
State TX
County Erath
Zoning R-3 Multi Family
Exterior
Utilities Available All Weather Road,City Sewer,City Water,Curbs,Electricity Available,Overhead Utilities,None
Building
Lot Description Acreage,Few Trees
Schools
Elementary Schools Central
High Schools Stephenvil
School District Stephenville Isd
Others
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21037808