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1391 N Paddock St, Stephenville, TX, 76401

6beds
2baths
1,639sqft
$375,000
$229price/sqft
$2,992/moest. monthly cost
$119,680/yrincome needed

About This Home

Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.

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Getting Around

50
WalkingCar-Dependent
0
TransitVery Limited Transit
37
BikeSomewhat Bikeable

Schools

10/10
Hook Elementary SchoolGrades 3-40.4 mi
9/10
Henderson Junior High SchoolGrades 7-82.0 mi
6/10
Stephenville High SchoolGrades 9-121.6 mi

Construction

Condition

  • Year built: 1930

Materials

  • Foundation: Slab
  • Roof: Metal
  • Construction materials: Brick

Type & Style

  • Home type: SingleFamily
  • Property subType: Duplex,Multi Family

Interior

Appliances

  • Appliances included: Electric Range

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 2
  • Full bathrooms: 2

Features

  • Built-in Features,Decorative/Designer Lighting Fixtures,Tile Counters,Cable TV
  • Window features: Window Coverings
  • Flooring: Tile,Vinyl,Wood

Heating & Cooling

  • Heating features: Electric,Other
  • Cooling features: Ceiling Fan(s),Electric,Other,Wall Unit(s)

Interior Area

  • Total structure area: 1,639
  • Total interior livable area: 1,639 sqft

Property

Details

  • Parcel number: R000031157

Features

  • Levels: One
  • Stories: 1
  • Pool features: None
  • Exterior features: Other
  • Fencing: Chain Link,Privacy,Wood

Lot

  • Lot size: 7,405 sqft
  • Features: Back Yard,Corner Lot,Lawn,Few Trees

Parking

  • Total spaces: 4
  • Parking features: Attached Carport,Additional Parking,Covered,Carport,Driveway,On Site,Outside
  • Covered spaces: 2
  • Has uncovered spaces: Yes
  • Carport: Yes
  • Carport spaces: 2