1425 W Groesbeck St Stephenville, TX 76401
Estimated payment $4,661/month
Total Views
1,317
9
Beds
3
Baths
3,580
Sq Ft
$196
Price per Sq Ft
Highlights
- Wood Flooring
- Covered Patio or Porch
- 1-Story Property
- Hook Elementary School Rated A
- Eat-In Kitchen
- Fire Pit
About This Home
Investor opportunity: Three House Bundle with Prime Multi-Family potential! Unlock the perfect blend of steady cash flow and long-term development potential with this rare 3-house investment bundle! Each home features three bedrooms, one full bathroom, and is tenant occupied throughout the next year, offering immediate rental income from day one. Located on Groesbeck Street, 1425 and 1435 Groesbeck are already zoned for multi-family and sit on what could be a combined .68 acres if replatted. Replat and build a multi-family complex while collecting rental income during the planning phase. The third home completes this solid investment package in a growing area with increasing rental demand, and stable tenants. Whether you're looking to expand your rental portfolio or break ground on your next development, this package delivers versatility and value. Schedule your showing today!
Listing Agent
Ebby Halliday Realtors Brokerage Phone: (254) 965-7653 Listed on: 06/25/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,162
Year Built
- Built in 1930
Lot Details
- 0.91 Acre Lot
- Privacy Fence
- Wood Fence
- Chain Link Fence
- Few Trees
- Back Yard
Home Design
- Pillar, Post or Pier Foundation
- Composition Roof
- Metal Roof
Interior Spaces
- 3,580 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Window Treatments
Kitchen
- Eat-In Kitchen
- Electric Range
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Laminate
- Tile
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Full Bathrooms
Parking
- Parking Pad
- Driveway
- On-Street Parking
Outdoor Features
- Covered Patio or Porch
- Fire Pit
- Outdoor Storage
Schools
- Chamberlai Elementary School
- Stephenvil High School
Utilities
- Central Heating and Cooling System
- Gas Water Heater
- High Speed Internet
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number R000033651
Community Details
Overview
- 3 Units
- 3,580 Sq Ft Building
- S6200 South Side Addition Subdivision
Building Details
- Gross Income $60,000
- Net Operating Income $40,533
Map
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,273 | $188,090 | $40,000 | $148,090 |
| 2023 | $2,816 | $158,900 | $40,000 | $118,900 |
| 2022 | $2,854 | $145,430 | $40,000 | $105,430 |
| 2021 | $2,280 | $107,020 | $20,000 | $87,020 |
| 2020 | $2,161 | $92,880 | $20,000 | $72,880 |
| 2019 | $1,947 | $85,630 | $15,000 | $70,630 |
| 2018 | $1,453 | $65,880 | $15,000 | $50,880 |
| 2017 | $1,389 | $62,980 | $13,230 | $49,750 |
| 2016 | $1,272 | $57,680 | $10,210 | $47,470 |
| 2015 | $1,267 | $58,640 | $10,210 | $48,430 |
| 2014 | $1,267 | $57,400 | $10,210 | $47,190 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | For Sale | $700,000 | +366.7% | $196 / Sq Ft |
| 05/08/2023 05/08/23 | Sold | -- | -- | -- |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 04/28/2023 04/28/23 | For Sale | $150,000 | 0.0% | $132 / Sq Ft |
| 04/13/2023 04/13/23 | Pending | -- | -- | -- |
| 04/10/2023 04/10/23 | For Sale | $150,000 | 0.0% | $132 / Sq Ft |
| 03/31/2023 03/31/23 | Pending | -- | -- | -- |
| 03/10/2023 03/10/23 | Price Changed | $150,000 | -6.2% | $132 / Sq Ft |
| 02/20/2023 02/20/23 | Price Changed | $159,900 | -3.1% | $141 / Sq Ft |
| 01/30/2023 01/30/23 | For Sale | $165,000 | +67.5% | $145 / Sq Ft |
| 07/23/2018 07/23/18 | Sold | -- | -- | -- |
| 06/12/2018 06/12/18 | Pending | -- | -- | -- |
| 05/21/2018 05/21/18 | For Sale | $98,500 | -- | $87 / Sq Ft |
Source: North Texas Real Estate Information Systems (NTREIS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | -- | None Listed On Document | |
| Warranty Deed | -- | King Title | |
| Vendors Lien | -- | Cross Timbers Title Company | |
| Vendors Lien | -- | None Available | |
| Vendors Lien | -- | None Available |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $75,200 | New Conventional | |
| Previous Owner | $52,650 | New Conventional | |
| Previous Owner | $9,450 | Stand Alone Second | |
| Previous Owner | $47,250 | New Conventional | |
| Previous Owner | $31,050 | New Conventional |
Source: Public Records
Similar Homes in Stephenville, TX
Source: North Texas Real Estate Information Systems (NTREIS)
MLS Number: 20975651
APN: R000033651
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2025. All rights reserved
Nearby Homes
- 701 S Lillian St
- 949 S Lillian St
- 561 S Second Ave
- 422 S Lillian St
- 1505 Sophia Ave
- 1503 Sophia Ave
- 1620 W Swan St
- 402 Garrett Ct
- 1470 W South Loop
- 540 Galt Dr
- 545 Galt Dr
- 290 S Mcilhaney St Unit 1102
- 1136 W Washington Ave
- 190 N Saint Felix St
- 1026 W Tarleton St
- 852 W Vanderbilt St Unit 1202
- 663 W Tarleton St Unit 201
- 898 N Neblett St
- 1120 W Frey St
- 1301 W Frey St