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$325,000
21313340 MLS
Prime Development Opportunity in the Heart of Stephenville – Zoned B-3 (Central Business District). Unlock the full potential of this rare 0.35-acre combined tracts. This prime property presents a wealth of opportunity for savvy investors, builders, and developers. Strategically positioned just 3 minutes from downtown Stephenville and a short 5-minute drive to Tarleton State University, this site offers convenient access to the city’s core attractions, schools, and major thoroughfares. Grocery stores, shopping centers, eateries, and essential services are all just minutes away, making it a highly attractive area for both residential and commercial projects. This property allows for versatile development options, including Single or Multi-Family Residential, Commercial-Retail, and Mixed-Use Projects. This zoning flexibility opens the door for a range of investment strategies, from rental housing and student accommodations to office or retail space, catering to the city’s growing population and economic expansion. Adding to its value, the property is located just steps from the scenic Bosque River Walking Trail a popular outdoor amenity that enhances quality of life and adds marketability to any future development. Also, just three blocks from the city park that is bustling with activities and events year round. Whether you’re looking to establish a new business presence, expand a rental portfolio, or bring a visionary multi-use concept to life, this property is a strategic asset poised for long-term growth. Don’t miss this exceptional opportunity to acquire land in one of Stephenville’s most sought-after and flexible zoning areas — ideal for those looking to build smart in a flourishing market.

Crow St, Stephenville
$200,000
21308370 MLS
LOCATION, LOCATION, LOCATION! Unlock incredible investment potential with this centrally located lot in the heart of Stephenville. This property is a clean slate already zoned to accommodate single-family, duplex, or triplex development. Positioned for maximum rental demand, it sits just minutes from Tarleton State University, within easy walking distance to the city park, and moments from vibrant downtown Stephenville. Whether your goal is to build highly profitable student housing, a long-term income-producing duplex, or premium multi-family units for future resale, this high-demand location offers endless possibilities. City water and sewer are already in place—bring your builders and your vision to capitalize on Stephenville's booming market!

563 E Long St, Stephenville
$74,900
21262249 MLS
Tucked into the established River North II Addition in Stephenville, this .34 acre lot is one of those finds that’s hard to come by. Mature trees line the property, offering added privacy and a beautiful, wooded backdrop. City water and sewer are available at the street for future connection. At nearly 15,000 square feet, there’s plenty of room to design something that truly fits. The adjacent home at 515 Spring Meadow (MLS #21306920) is also available, creating a unique opportunity for buyers interested in additional space, a multigenerational setup, or future investment potential.

513 Spring Meadow St, Stephenville
$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
$750,000
21225728 MLS
ATTENTION DEVELOPERS! This combined 1.1 acre CORNER lot zoned R-3 Multi Family is perfect for development. It is just 3 minutes to Tarleton State University and also just minutes to the city park, hike & bike trail as well as the local shops and restaurants. Now is the time to grab this prime piece of real estate on 1+ acres in town! 1270 W Hyman & 1290 W Hyman. Land only, house to be moved.

1290 W Hyman St, Stephenville
$999,900
21222791 MLS
* 2.0 Acre Multi-Family Development Site * 3-Street Frontage * Short Walk to TSU Location: 10-Minute Walk to Tarleton State University Campus Zoning: R3 (Single or Multi-Family Residential) Utilities: Electric, Water, and Sewer Services Available On-Site The Opportunity: Seize a rare, shovel-ready development opportunity in the heart of Stephenville, Texas. This prime 2.0 acre tract consists of four 0.5+or- acre lots, offering unparalleled flexibility for a high-density residential project. Positioned just blocks from Tarleton State, this is the premier location for student housing, an apartment complex, or a luxury townhome community. Strategic Advantages: Superior Accessibility: This is a rare opportunity with convenient street access on three sides, allowing for creative site plans, optimized parking layouts, and easy ingress-egress. High-Density Potential: Currently zoned R3, the land supports diverse construction possibilities from single-family homes to high-occupancy multi-family units. Infrastructure Ready: Save time and capital—Electric, City Water, and Sewer services are already available, significantly lowering your pre-development hurdles. Market Demand: Situated in one of Stephenville's most sought-after pockets, capturing the consistent demand for housing near the university. Whether you are looking to build a single residence multi-unit complex or a high-end residential enclave, the layout and size of this property allow for maximum creativity and ROI. Invest in Stephenville’s growth now! Contact us today for site details.

955 N Ollie St, Stephenville
$229,500
21200397 MLS
Redevelopment Opportunity: 0.48+,- acre corner lot parcel consisting of three individual platted lots at E Broadway and Drew Street in Stephenville Texas, Erath County. The property includes mature trees, fencing, and an older barn. The existing 1947 structure is not livable and contributes no value, making this an excellent redevelopment opportunity for a one to two-family dwelling (Zoning R-2). Several notable places sit within a short distance of 609 E Broadway, Stephenville, TX, giving the area a mix of residential, educational, restaurants, and community-oriented surroundings. NOTE: OWNER FINANCING is available.

609 E Broadway St, Stephenville
$219,000
21187490 MLS
Excellent development opportunity! This investment property is perfectly suited for a small multifamily development. Depending on the configuration, it’s possible to build up to 4 townhome style units which are highly sought after in the community. This property is located in close proximity to Tarleton State University and downtown Stephenville. This is a great opportunity to capitalize on the real estate boom sparked by the growth of Tarleton State University and new industries relocating or expanding in Erath County. Don’t miss out on this chance to start or expand your real estate portfolio.

900 Blk N Mccart St, Stephenville
$699,000
21152834 MLS
RARE turnkey in Prime location with existing plans to include 33 townhomes. The word is out Tarleton is D-1 and the buying window is short before the large funds come to town. With Tarleton State University less than 1 mile, this property offers investors an opportunity to capitalize on the demand needed for student housing. Zoned for both residential (R-2) and industrial use, the site provides flexibility for multiple development strategies in addition to the student housing. Adjacent to the newly developed Purple Rail townhomes, the property is ideally positioned to attract consistent rental demand and long-term appreciation. The 33 townhome units were developed by a team of architects, engineers and project managers. This is ready to go saving you significant time and money in the development process. Get in before you can not afford to!

715 N Paddock St, Stephenville
$175,000
21152946 MLS
This lot presents a compelling investment and development opportunity in a growing North Central Texas market. The property is currently zoned B-2 (General Retail & Commercial), allowing for a wide range of commercial uses including retail, office, and service-oriented businesses. Its location offers convenient access to major roadways, nearby businesses, and the broader Stephenville area, making it well-suited for owner-users or investors seeking commercial exposure. In addition to its existing commercial zoning, the property offers potential upside for future redevelopment. With the continued growth of Stephenville and increasing demand for housing, the site may be a candidate for rezoning to multifamily, subject to city approval.

811 N Miller, Stephenville
$175,000
21074055 MLS
Looking to build in a prime location, on the heavily traveled Graham St in Stephenville, Texas? LOOK NO FURTHER! Here is nearly a quarter acre, vacant and ready to build on, at under $18 per FT. Curbs are cut for easy access, and this property is ready to change hands. This property is located very close to the Harris Methodist Hospital and the Stephenville post office. Current Zoning is B-2 Retail and Commercial Business. Future Land Use, per the city map, is Community Core.

806 N Graham St, Stephenville
$345,000
21039719 MLS
Nestled in a serene, in-town location, this expansive 5.367-acre parcel presents a unique opportunity to bring your vision to life. Zoned for single-family residential use, the property offers the perfect blend of privacy and convenience, with easy access to local amenities and services. The land has already been cleared, saving you significant time and expense in site preparation. This blank canvas is ready for your vision. Imagine waking up to the tranquility of nature, with ample space for outdoor activities, and relaxation. This property offers the freedom to design a lifestyle, weather for yourself or creating a subdivision for others to come in and enjoy.

Tbd E Collins St, Stephenville
$525,000
21037808 MLS
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.

00 Rosebud Dr, Stephenville
$2,200,000
20918065 MLS
Discover an exceptional investment opportunity with this expansive 24.8-acre parcel, ideally situated within the city limits. This unique property boasts the rare advantage of being bordered by the ever so popular Bosque River Walking Trail, offering a blend of natural beauty and urban convenience. Zoned B-3 Central Business, the land presents a wide array of development possibilities, limited only by your imagination. The location is perfect for constructing high-density apartments to meet the growing demands, or you could develop a housing community that attracts residents. With direct access to the walking trail and the river, future residents will enjoy outdoor activities right at their doorstep, enhancing the property's appeal and value. Investing in this property means capitalizing on a prime location with flexible zoning, promising substantial returns. The combination of natural amenities, accessibility, and central business zoning makes this an unparalleled opportunity to shape a significant part of the city's future. Don't miss out on the chance to transform this land into a thriving residential or commercial hub.

600 Crow St, Stephenville
$299,000
20907061 MLS
CALLING ALL INVESTORS!!! Here is a 2-acre tract inside the city limits that has been cleared and is ready to build on. This property is currently zoned R-2, has a water well with well house, and is fenced. This tract is tucked away so that you won’t have lots of street traffic. Ready to go with gas, city water, electricity, sewer & backs up to the Bosque River. There is an additional 1.5 acres with a 1500 foot 6 stall horse barn that is available as well.

701 S Drew Ave, Stephenville
$725,000
20881637 MLS
1.309 acres that has road frontage off S 2nd and W Cage giving this property endless possibilities. Zoned R-3 multifamily residential district this property is located walking distance to the ever-growing Tarleton State University. Perfect for multifamily dwellings of any kind. Dont hesitate to make this your next investment.

1280 W Cage St, Stephenville
$275,000
20870084 MLS
Great B2 Retail and Commercial business zoned lot! Check this one out! Its located just off the South Loop and Graham St. This one is just under 1 acre and is located on Riverside Dr, just behind Parham's Garage! If you are looking for a large commercial lot to build your business or retail location, here it is! Come take a look and see if its a fit for you!!

900 Riverside Dr, Stephenville
$1,230,000
20830463 MLS
Prime Commercial Lot in a High-Traffic Location This exceptional property is situated on the highly sought-after Senator Robert J. Glasgow Loop (formerly NW Loop) in Stephenville, offering unparalleled visibility and accessibility. Boasting approximately 285 feet of road frontage with city utilities conveniently available at the curb, this site is perfectly positioned for business success. Comprising two full lots and a partial third lot, the property spans approximately 3.76 acres. According to State of Texas traffic data, an impressive 9,494 vehicles pass by daily, ensuring maximum exposure for your enterprise. Opportunities like this are rare—this is undoubtedly one of the most desirable commercial lots available in Stephenville. Secure this prime location for your business today!

Tbd Senator Robert J Glassgow Loop, Stephenville
$749,000
20348989 MLS
Location!! Investors don't miss out on one of the few large lots left in good a locations inside the city limits! Owner financing available to qualified buyer This 1.697 acre property (73,930sf) is ready to go for a great multi family condo style apartment complex. Architectural Plans, site work, Engineering and plat were all approved by the City and ready for permits. Seller has too many projects. Reduced as time has run out to build, buyer will need to resubmit to city. Stephenville is a special redevelopment district, OWNER FINANCE TERMS 35%dn 20yr amortization 1yr balloon at 5% int rate Qualified buyers only.

900 S Second Ave, Stephenville