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$500,000
21282161 MLS
Rare opportunity on 18.48ac to CREATE a premier live-work commercial, equine, or ranch property with flexibility & expansion potential. Designed for those needing serious workspace, the property features ~2,000sf of UNFINISHED office space with wraparound porch, an oversized 3,600sf workshop, massive 20’ sidewalls & 22’ center height, and a 2,700sf barn READY TO CUSTOMIZE for commercial operations, equipment, storage, horses, or livestock. MOCK-UP & VIRTUALLY STAGED PICTURES ARE FOR IDEAS ONLY. The commercial possibilities here are outstanding. The expansive shop is ideal for a mechanic shop, diesel repair, fabrication business, welding operation, hot rod or restoration shop, heavy equipment service, contractor headquarters, RV or boat storage, machine shop, creative studio, or large-scale hobby facility. The height & scale of the building easily accommodate lifts, oversized equipment, trailers, and commercial vehicles. Attached office space create the ideal setup for owner-operator convenience, employee housing, or future office build-out. Need more space? The shop offers incredible potential for additional two-story living quarters, executive office space, showroom, game room, recording studio, or expanded commercial build-out while still maintaining substantial workshop capacity. The possibilities are virtually endless! Acreage provides a desirable blend of open pasture, wooded areas, and a meandering seasonal creek, offering room for equipment yards, laydown space, parking, or future expansion. This versatility makes it attractive for investors, business owners, ranch operators, or anyone seeking a multi-use commercial & recreational property outside city limits. Conveniently located with easy access to Stephenville, Dublin, and Hico, this property combines rural privacy with excellent regional accessibility. Hard-to-find infrastructure, acreage, and commercial flexibility make this an exceptional investment opportunity in a rapidly growing area.

3885 County Road 522 A, Stephenville, TX

$500,000
3 Beds 2 Baths 21279518 MLS
Set on 18.48 scenic acres in the heart of ranch country, this is a rare chance to create a truly custom equine or farm & ranch property from the ground up. The infrastructure is already in place — now bring your vision and finish it your way. The property features approx. 2,000 sf of living space with wraparound porch, an impressive 3,600 sf workshop with soaring 20’ sidewalls and 22’ center height, plus a 2,700 square foot barn ready to be tailored to your horses, livestock, equipment, or storage needs. The possibilities here are exceptional. The expansive shop offers ample space for additional two-story living quarters, guest accommodations, game room, theater, recording studio, or premium hobby and creative workspace — all while still maintaining substantial workshop functionality. Whether you are an equestrian enthusiast, ranch investor, entrepreneur, or someone seeking a private country retreat, this property offers the flexibility increasingly difficult to find. The land itself provides an attractive blend of open pasture and scattered wooded cover with a meandering seasonal creek adding character and privacy. Ideal setup potential for horses, cattle, show livestock, arenas, turnouts, equipment storage, or recreational use. Conveniently located with easy access to Stephenville, Dublin, and Hico, this property combines the peace of country living with accessibility to dining, shopping, and the Cowboy Capital lifestyle. Opportunities with this level of flexibility, acreage, and infrastructure are increasingly rare — bring your imagination and make it your own. Check out the pictures of mock ups and visionary renderings, the possibilities are endless.

3885 County Road 522, Stephenville, TX

$365,000
3 Beds 2 Baths 21280525 MLS
Beautifully maintained 3 bedroom, 2 bath home with a 2-car garage offering 1,824 sq ft of comfortable living space in a highly desirable location close to Tarleton State University. This inviting open-concept floor plan is perfect for both everyday living and entertaining, featuring a spacious living area with a cozy fireplace, abundant natural light, and attractive wood flooring throughout much of the home. The updated kitchen offers modern touches, ample cabinet and counter space, and flows seamlessly into the dining and living areas. Thoughtful details such as crown molding and a skylight add warmth and character throughout the home. The private primary suite provides a relaxing retreat, while the additional bedrooms offer flexibility for guests, family, or a home office. Outside, you’ll enjoy a covered patio overlooking a shaded backyard filled with large mature trees, creating a peaceful outdoor setting. A large shop in the backyard provides excellent space for hobbies, storage, or projects. With several updates completed inside and out, this move-in ready home combines comfort, charm, and convenience in one great package. Don’t miss the opportunity to own this wonderful property in a prime location!

510 Spring Meadow St, Stephenville, TX

$395,000
3 Beds 2 Baths 21276659 MLS
Tucked away in the desirable Elk Ridge neighborhood of Stephenville, this charming 3-bedroom, 2-bath home offers the perfect blend of comfort, space, and everyday functionality. From the moment you arrive, you’ll appreciate the inviting curb appeal and well-maintained surroundings that make this property truly stand out. Inside, the home features a thoughtfully designed layout with a spacious living area that flows seamlessly into the dining and kitchen spaces—ideal for both relaxing evenings and entertaining guests. The kitchen offers ample cabinetry and workspace, making meal prep both easy and enjoyable. The primary suite provides a peaceful retreat with its own private bath, while two additional bedrooms offer flexibility for family, guests, or a home office. Step outside to discover one of the home’s standout features—a large backyard perfect for outdoor living. Whether you’re hosting weekend barbecues or simply enjoying a quiet Texas evening, the expansive patio creates the ideal setting for gathering and unwinding. House is currently leased until June 2027.

940 Elk Rdg Dr, Stephenville, TX

$240,000
3 Beds 2 Baths 21276346 MLS
This solid 3-bedroom, 2-bath brick home presents an excellent opportunity for investors or buyers seeking a property with strong potential and key updates already in place. With a durable brick exterior and practical layout, this home is built for long-term value and low maintenance. Inside, you’ll find a functional floor plan with a comfortable living area, a dedicated dining space, and a kitchen offering ample cabinet storage and workspace. The primary bedroom includes a private bath, while two additional bedrooms provide flexibility for tenants, guests, or a home office. Recent improvements—including a newer roof and updated AC unit—offer peace of mind and help reduce major upfront expenses, making this an even more attractive investment option. Currently leased through June 2027

209 Moonlight- Trl, Stephenville, TX

$10,219,680
21275825 MLS
Prime Texas ranchland located in Erath County, 15 min S of I-20 at Morgan Mill, 15 min N of Stephenville and 4 miles west of Hwy 281. The Morgan Mill 851 Ranch is a wonderfully diverse and scenic ranch with minimal improvements. The land consists of both native and improved pastures watered by the N. Paluxy River which runs through the ranch as well as drainage areas and stock tanks. Live Oaks, Texas Red Oak. Native Pecan and many other variety of native trees flourish on the ranch and in the Spring wildflowers will color the landscape. There are many hilltops offering spectacular views and potential homesites. The ranch is currently under a grazing lease. The ranch will also produce hay for winter grazing capabilities. A modest yet updated farmhouse offers 3 bedrooms and 2 baths. Other improvements include an storage shed and haybarn.

7523 County Road 163, Stephenville, TX

$600,000
21274281 MLS
Hunters, Outdoors men and women, nature lovers, come see this undeveloped, unspoiled 30 acres in Erath County. Currently with a wildlife exemption and filled with wildlife, the seller has spotted deer, wild hogs, and wild turkeys. This is where you go to get away from it all. There is a small camp house on the property with power (no water) a great place to stow your gear and spend the night if you are out roughing it for the weekend. Exceptional location feels isolated and private, just is just 17 minutes to shopping, dining, schools or medical in Stephenville. What a great place to build your dream home. No City Taxes, No HOA...The drawing and lot sizes shown are approximate and are a proposed division of the total 78 acres also for sale, see MLS21199607 , a new survey will be required to determine exact measurements and lot lines. Property is behind a locked gate, 24-hour showing notice required to walk or drive on property.

4025 County Road 175, Stephenville, TX

$665,000
8 Beds 8 Baths 21270771 MLS
Perfectly positioned just three blocks from Tarleton State University, this attractive quadruplex offers a prime investment opportunity in the rapidly growing market of Stephenville. With continued expansion surrounding the university and strong tenant demand, this property is well-suited for investors seeking stable income potential and long term growth. Some of the units have been updated with granite countertops, luxury vinyl plank flooring and tile. Very functional 2 bedroom, 2 bath layouts designed to meet the needs of today’s renters. Each unit offers comfortable living spaces along with dedicated tenant parking, while the complex as a whole provides a total of 8 bedrooms and 8 bathrooms. Conveniently located near campus, shopping, dining, and local amenities, this turnkey multifamily property combines an excellent location with lasting investment appeal. Whether you are adding to an existing portfolio or entering the multifamily market, this is an opportunity worth considering. Buyer and buyer’s agent to verify all information.

892 W Vanderbilt, Stephenville, TX

$665,000
8 Beds 8 Baths 21270740 MLS
Ideally located just three blocks from Tarleton State University, this well maintained quadruplex presents an outstanding investment opportunity in one of the fastest growing college markets in Texas. With strong rental demand driven by the university and the continued growth of Stephenville, this property offers both immediate income potential and long term upside. Some units have been thoughtfully updated with granite countertops and durable luxury vinyl plank flooring and tile. Each unit features a spacious 2 bedroom, 2 bath floor plan designed for comfortable everyday living. The property includes a total of 8 bedrooms and 8 bathrooms, along with dedicated parking for tenants, creating added convenience and appeal. Whether you are expanding your investment portfolio or securing your first multifamily asset, this turnkey property combines location, functionality, and steady rental potential in a highly desirable area near campus, dining, and local amenities. Buyer and buyer’s agent to verify all information.

852 W Vanderbilt, Stephenville, TX

$1,450,000
3 Beds 3 Baths 21269509 MLS
Great property and great location!! Located just outside of Stephenville on Hwy 281!! There are amazing elevation changes giving you some fantastic views of this approx 62.5 acres (to be surveyed out of a larger plot, should follow the fence line, can be seen on documents in transaction desk)! The main house is 3 bed 3 baths and has had some recent updates including flooring and paint, it is located at the back of the property for peace and quiet. The older home on the property could use some TLC but would make a great bunk house as it is located right by the recently installed 6 stall barn. Property also includes a shop and detached carport. Located right behind the main house is an a great project that needs to be completed and would make a perfect pool house if you wanted to put a pool in the oversized back yard. This is a fantastic opportunity to have your very own ranch. There are so many possibilities with the property!

10184 S Us Highway 281, Stephenville, TX

$2,950,000
3 Beds 3 Baths 21269546 MLS
Great property and great location!! Located just outside of Stephenville on Hwy 281!! There are amazing elevation changes giving you some fantastic views of this approx 62.5 acres (to be surveyed out of a larger plot, should follow the fence line, can be seen on documents in transaction desk)! The main house is 3 bed 3 baths and has had some recent updates including flooring and paint, it is located at the back of the property for peace and quiet. The older home on the property could use some TLC but would make a great bunk house as it is located right by the recently installed 6 stall barn. Property also includes a shop and detached carport. Located right behind the main house is an a great project that needs to be completed and would make a perfect pool house if you wanted to put a pool in the oversized back yard. Another house located on 281 is situated on the property as well, giving an opputunity for rental income. This is a fantastic opportunity to have your very own ranch with multiple houses. There are so many possibilities with the property!

10184 S Us Highwy 281 Unit A, Stephenville, TX

$719,900
4 Beds 4 Baths 21269219 MLS
This charming 4 bedroom, 3.5 bath home sits in the highly sought after Walking Horse neighborhood. Step inside this impressive home-layout featuring a spacious living area with large windows overlooking a backyard with mature trees and custom diving pool and oversized hot tub. This home also has an open concept kitchen with Bosch appliances, and a cozy dining area ideal for family gatherings. The private master suite includes a walk in closet and dual sinks, while 3 additional bedrooms provide plenty of space for family or guests. A home office and bonus room upstairs only add to the possibilities this home provides. Outside, you'll find a large patio with fans and drop down shades. Enjoy the open space and peaceful setting with easy access to shopping, schools, and major highways. This Stephenville gem is ready to welcome you home!

116 Flat Foot, Stephenville, TX

$1,450,000
4 Beds 3 Baths 21267590 MLS
Located close to town, this home sits on 10 acres, on top of a hill. From front porch you can see downtown Stephenville and watch beautiful sunsets. There are four bedrooms, three full baths and an office. Open concept in kitchen area and all walls in kitchen and living area are covered in shiplap.Ten foot ceilings and eight foot doors are throughout home.Plantation shutters on all windows and fireplace is propane. Flooring is wood ceramic tile. Sprinkler system. Covered carport at back door doubles as an entertaining area. Home is spray foam insulated. Shop is foam insulated, 40x60, with a fully insulated well room with water softener, toilet in there. Firepit is under group of mature Oak trees. Property is fenced with electric gate, cattle pen, working chute and cattle guards. Generac Generator outside home. Come see! New 600 sq foot cabin on property, money making, and red covered bridge. RV hookup. What a dream place!

965 County Road 223, Stephenville, TX

$950,000
11 Beds 6 Baths 21266459 MLS
CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.

1450 Lincoln Dr, Stephenville, TX

$319,000
3 Beds 2 Baths 21268110 MLS
Welcome Home! This 3 bedroom, 2-bath all-electric home offers a blend of comfort, cozy living, and conveniently located just blocks away from Tarleton State University, JC walking park, schools and shopping. Inside, you’ll find beautiful wood laminate floors, tile, stainmaster carpet, updated fixtures and a large utility room. The 2 car garage has a programable door opener. With exeception to the referigerator, the Washer, Dryer and Dishwasher stay with the property. Well maintained front and back yard offers a quaint covered back patio to enjoy your morning or evening cup of java. The perfect home for first time homebuyers, students, family or retirees. Don't miss this opportunity. Friendly neighbors!

301 Bluebonnet St, Stephenville, TX

$425,000
4 Beds 2 Baths 21258675 MLS
Welcome to your slice of Texas Spirit. Situated just outside the Cowboy Capital of the World, this beautiful Stephenville estate offers the perfect blend of cozy residential living with big mature shade trees and functional agricultural space. Discover the financial flexibility with this unique property featuring a well-maintained duplex-style residence, offering two complete living units, each with two bedrooms and one bathroom. Whether you’re looking for a dedicated guest house, a space for extended family, or a high-demand rental in the Cowboy Capital of the World, this layout delivers. Set on a little over three acres, the property is fully equipped for rural life with a large multi-stall barn, workshop, and fenced pastures. The duplex design is ideal for those seeking a private home office, a mother-in-law suite, or a turnkey setup for trainers and equestrian enthusiasts who need onsite housing. A rare find in Erath County that's perfect for those who want the country lifestyle with built-in income potential or guest quarters. Schedule your showing today!

11755 W Fm 8, Stephenville, TX

$1,199,000
4 Beds 2 Baths 21264281 MLS
Meticulously maintained acreage retreat with a true Texas Hill Country feel, gorgeous views in every direction, and 36.42 acres just outside Stephenville. Currently ag exempt per seller, this 4-bed, 2-bath all-electric home offers a blend of comfort, recreation, and functional country living, with convenient proximity to Tarleton State University and an easy drive to the Dallas-Fort Worth area. Inside, you’ll find hardwood and travertine floors, a wood-burning fireplace with leathered Italian marble hearth, and excellent storage with walk-in closets in every bedroom, two pantries, and ample closet space throughout. The remodeled kitchen features granite countertops, travertine backsplash, stainless steel appliances, double convection ovens, JennAir downdraft cooktop, refrigerator, dishwasher, and laundry sink. Both baths include double sinks; the primary bath offers a walk-in shower, while the hall bath has a tub-shower combo. Outdoor living is exceptional with an in-ground pool, waterfall feature, hot tub, patio areas, covered BBQ area, and poolside pavilion with electric for TV. The propane heater serves the pool and hot tub, making the space ideal for relaxing or entertaining. The land is a standout, with fenced pasture, pipe-fenced yard, outstanding landscaping, peaceful privacy, frequent deer sightings, a seasonal creek, and a fish-stocked tank that holds water year-round. Beautiful red oaks add to the setting and create gorgeous fall color. A livestock-ready barn includes an enclosed drive-through concrete area and hay storage, adding versatility for animals, equipment, hobbies, or projects. Additional highlights include a 9-zone yard sprinkler system, water softener, Class 4 impact-resistant roof, remodeled kitchen and baths, Lennox 16-SEER 4-ton HVAC components, 2025 electrical panel and breakers, and 2025 interior paint. From quiet mornings by the water to evenings by the pool, this polished country property is ready to enjoy.

1973 County Road 513, Stephenville, TX

$449,000
3 Beds 2 Baths 21258511 MLS
Investment opportunity just outside Stephenville! Located at 5209 US Hwy 67 on a prime corner of US Hwy 67 and CR 488, this unique 3-acre property offers multiple income-producing possibilities or multi-family living. The property includes three mobile homes: a spacious 3-bedroom, 2-bath, a 2 bed, 2 bath and one 2-bedroom, 1-bath unit, providing flexibility for rental income, extended family use, or a combination of both. With highway frontage and excellent visibility, the property offers convenient access to Stephenville while maintaining a rural feel. The layout allows for separation between residences, making it ideal for tenants or multi-generational living arrangements. Whether you're an investor looking to expand your portfolio or a buyer seeking versatile property with income potential, this tract delivers. Please note: the owner intends to retain a life estate on the mobile home located at 205 CR 488. This arrangement presents a unique opportunity to acquire the remaining improvements and land at a compelling value while planning for future full use. Opportunities like this—offering acreage, multiple residences, and highway access—are rare in this growing area of Erath County. Don’t miss your chance to secure a flexible property with strong upside potential in one of North Central Texas’ most desirable markets. Call Preferred Properties of Texas 254-965-7775 today to schedule your showing and don't miss out on the rare opportunity.

5209 Us Highway 67, Stephenville, TX

$339,000
4 Beds 4 Baths 21260507 MLS
Buyers will appreciate the inviting sunroom, beautiful hardwood floors, and soaring high ceilings that create a bright, open feel throughout the home. The location offers convenient access to downtown and Tarleton State University, adding to its overall appeal. The kitchen stands out with an impressive amount of storage, featuring abundant cabinetry that provides both functionality and style. Natural light pours in through the many windows, enhancing the spacious layout and making the home feel warm and welcoming. An added advantage for investors or landlords is the unique layout—each bedroom has its own private exterior entrance, allowing for the option to rent rooms individually and maximize income potential.

817 W Long St, Stephenville, TX

$544,500
3 Beds 2 Baths 21260560 MLS
Welcome to your dream retreat - 12 serene acres of Texas countryside, thoughtfully designed for comfort, function, and beauty. As you arrive, you’re greeted by a soaring covered front porch with new deck, framed by stone-accented flower beds and the gentle sway of mature shade trees. Step inside, and natural light pours through new windows with custom magnetic shades, illuminating this beautifully remodeled home with fresh interior and exterior paint. The heart of the home is an oversized kitchen featuring rich granite countertops, perfect for entertaining or simply enjoying a quiet morning. Featuring new Stainless Steel appliances including gas cooktop & oven, micro-vent, and dishwasher. The open layout flows effortlessly into the living and dining spaces, while both bathrooms feel like luxury spas - each showcasing handcrafted vanities and unique finishes. This 3-bedroom, 2-bath home includes a 2-car carport and generous outdoor living spaces. Stroll onto the new expansive back deck or unwind under the breezy awning - ideal for lazy afternoons or lively gatherings. A refreshing breeze whispers through the trees, and the relaxing backyard offers the perfect setting for outdoor living. But there’s so much more: A seasonal, meandering creek runs through the property, adding charm and peace. Horse lovers will appreciate the 3-stall barn with turnouts, a round pen, and a separate larger pen. The ~10 acres of coastal yield 15–20 bales, a pole barn, and a workshop with electricity for all your projects and equipment. Hay barn includes water, electricity, and RV & Trailer clean out for convenience. And, there’s even a new side fence for added privacy. Every inch of this property invites you to slow down and enjoy life - whether you’re riding at sunset, working in the shop, or simply sitting on the porch watching the seasons change. Come take a walk, you’ll fall in love!

1673 County Road 407, Stephenville, TX

$2,250,000
3 Beds 3 Baths 21261984 MLS
Set on approximately ±30 acres with a gated entrance just outside of Stephenville, this 2023-built property blends modern living with functional land use. The 3-bedroom, 2.5-bath home features beautiful stucco and stone walls, a durable composition roof, and a clean, open layout with comfortable living spaces and kitchen. The house and garage are completely insulated with spray foam. An attached oversized garage offers plenty of room for a four-door dually pickup and everyday convenience, while additional features including a generator, water purifier system, and safe room provide added comfort and peace of mind. Ideal for livestock or horses, the land features sandy loam soil, mature oak and pecan trees, and is cross-fenced, and 2 and seven eighths pipe with no climb wire for easy pasture management. A barn and tack room, which could easily function as a shop or extra garage space, offers flexibility for equipment, hobbies, or future expansion. A tank adds both practicality and scenic appeal, serving as a water source and focal point for the property. Whether you’re looking to run livestock, enjoy wide-open space, or settle into a newer home with room to grow, this property delivers the perfect balance of comfort, function, and Texas countryside living.

6360 County Road 180, Stephenville, TX

$1,098,000
21260732 MLS
Builders, Developers, Investors... LOOK HERE! This is an exceptional 3.51-acre tract, located just off W Washington, in one of Stephenville's fastest-growing corridors. Surrounded by brand new and established Multi-Family construction, this is the ideal location, on pavement, for your next Multi-Family project. This location offers both convenience and opportunity to downtown Stephenville, the Bosque River Trail, and the wildly trending Tarleton State University. Situated on the east side of town, this location also provides easy access to the very busy Highway 281, and Highway 377. The city has just recently stubbed out a multi-family sewer line at the rear neighboring boundary of the property. Currently, a 1012 SQ FT, 2-bedroom, 1-bath rental home sits on the property.

310 Clark Ln, Stephenville, TX

$524,900
5 Beds 4 Baths 21256345 MLS
Beautifully designed with space where it matters most, this 5-bedroom, 3.5-bath home offers one of the most functional floor plans you'll find in Stephenville. Sitting in a quiet cul-de-sac, this newer home combines style, quality craftsmanship, and the flexibility you are looking for. From the moment you step inside, you'll appreciate the open-concept layout featuring tall ceilings, beautiful tile flooring, granite countertops, custom knotty alder cabinetry, and a warm blend of traditional finishes with modern touches. At the center of the home, a stunning double-sided fireplace creates the perfect connection between the living room and the covered outdoor living area—making entertaining effortless year-round. The thoughtfully designed split-bedroom floor plan offers privacy for the primary suite while two secondary bedrooms share a convenient Jack-and-Jill bathroom. The primary suite has a LARGE DREAM CLOSET you would want to see!!! Upstairs offers even more flexibility with two additional bedrooms, a full bath, a large game room or second living area, plus a second utility room—ideal for busy households, guests, or multigenerational living. Step outside to a beautifully maintained backyard complete with mature fruit trees and a detached 12' x 12' climate-controlled building with electricity, water hookup, and a mini-split system. Whether you envision a private office, workout space, hobby room, or workshop, this bonus space offers endless possibilities. Located in one of Stephenville's desirable neighborhoods, this home delivers the rare combination of five bedrooms, multiple living spaces, quality finishes, and move-in-ready condition—all in a location you'll love. MAKE THIS YOUR HOME!!

130 Elk Cv, Stephenville, TX

Listings provided by North Texas Real Estate Information Systems (NTREIS). Listing data has been deemed reliable but is not guaranteed to be accurate by the MLS.

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