1391 N Paddock St, Stephenville, TX, 76401
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.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
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
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Lightning
- Strong Wind
- Tornado
- Hail
- Heat Wave
- Inland Flooding
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across Texas Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,845 | $22,140 |
| Home Insurance * | $331 | $3,972 |
| Property Taxes | $504 | $6,048 |
| Electricity | $238 | $2,859 |
| Total | $2,918 | $35,016 |
Income You'd Need if You Spent...
Texas FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-21 | Listed for sale | $375,000 |
| 2024-05-09 | Sold | -- |
| 2024-05-06 | Pending sale | $320,000 |
| 2024-04-05 | Contingent | $320,000 |
| 2024-03-08 | Listed for sale | $320,000 |
| 2022-04-18 | Listing removed | -- |
| 2022-04-08 | Listed for rent | $1,200 |
| 2022-01-23 | Listing removed | -- |
| 2021-10-25 | Listed for sale | $290,000 |
| 2021-02-28 | Listing removed | -- |
| 2020-06-10 | Listing removed | $1,050 |
| 2020-05-31 | Price change | $1,050 |
| 2020-04-12 | Listed for rent | $1,020 |
| 2019-12-22 | Listing removed | $980 |
| 2019-11-21 | Listed for rent | $980 |
| 2019-01-17 | Listing removed | $900 |
| 2019-01-12 | Listed for rent | $900 |
For Sale by Agent
View on Zillow