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$547,997

405 West Elm Street, Stephenville, TX, 76401

On MarketInfo
Just AddedInfo
Beds6 Beds
Baths6 Bath
Baths2,392 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$229.1 / sqft
Year BuiltBuilt in 2026

Property Lead Type:

Absentee OwnerHigh EquityVacant HomesMove-In Ready

Highlights

Interior

Bedrooms 6Bedrooms 6
Bathrooms 6Bathrooms 6
AppliancesDishwasher, Electric Range, Microwave

Exterior

Lot Size9,023 sqft

Building Information

Year Built1930

Land Information

APNR000031401
Lot Number5
SubdivisionFrey First Addition
Land UseResidential
Legal DescriptionS3500 FREY FIRST ADDITION, BLOCK 22;, LOT 5 & 6B, MPHMAKE:MELODY HOME MFG CO MPHMODEL:SUNVILLA MPHSIZE:14X72(TC) MPHYEAR:1981
Census Tract950502
Assessed Land Value$40,000
Assessed Improvement Value$19,260
Assessment Year2025

About this property

Brand new construction duplex located just 1 mile from Tarleton State University! Each side features 3 bedrooms and 3 full bathrooms, with a private bathroom for every bedroom an ideal setup for student housing or individual room rentals. With rental rates in Stephenville averaging approximately $900 per room, this property offers an attractive investment opportunity with strong income potential. Don't miss your chance to own a low maintenance, new construction investment property in a prime location near campus! With 6 total bedrooms and strong demand near Tarleton State University, this is a great investment opportunity!

Investor Tools

$288,743Estimated Mortgage Balance
$220,000Estimated Equity
0% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,288 /month
Positive
Cash Flow Estimate:
$1,096 /month

Interested in this property?

Jamie Wooley

Citiwide Alliance Realty

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$173/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$981
$59,260
2025
$40,000
$19,260
$59,260
No

Tax History

Year
Tax Paid
Assessed Value
2026
$981
$59,260

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Texasbank
Building Or Construction Loan
$290,000
No
First
Jul 16, 2026
N/A

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$288,743
N/A
0%
131%
$1,739/mo

City: Stephenville