1450 LINCOLN DRIVE, STEPHENVILLE, TX 76401
Homes for sale in Stephenville.
Homes for sale in 76401.
1450 Lincoln Drive
Stephenville, TX 76401
List Price$999,000
Listing #20913268
About This Property
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.
Property Features
Location Information
County
Erath
Subdivision
Springfield Park #11
Interior Features
Interior
Decorative/Designer Lighting Fixtures, Eat-in Kitchen
Cooling
Central Air, Ceiling Fan(s)
Full Baths
6
Floors
Concrete, Luxury Vinyl Plank, Other, Vinyl
Has Fireplace
Yes
Appliances
Dryer, Electric Oven, Electric Range, Gas Cooktop, Refrigerator, Washer
Number of Fireplaces
1
Total Number of Units
5
Heating
Central, Electric
Exterior Features
Stories
1
Pool Description
None
Construction
Other
Lot Description
Acreage, Cleared, Few Trees
Exterior
Deck, Other
Lot Size in Acres
5
Foundation
Pillar/Post/Pier, Slab
Lot Size in Sq. Ft.
217,800
Roof
Metal, Shingle
Buildings
5
Utilities
Septic Available, Water Available
Building Total Area (Sq. Ft.)
4,360
Parking Description
Common, Carport, On Site
Is One Story
Yes
Garage Spaces
2
Lot Description
Acreage, Cleared, Few Trees
Fencing
Back Yard, Chain Link, Other, Wood
Windows Description
Window Coverings
Patio / Deck Description
Rear Porch, Front Porch, Screened, Covered, Deck
School
Elementary School District
Stephenville ISD
High School
Stephenvil
Elementary School
Central
Additional Information
Year Built Details
Preowned
Tax Annual Amount
9737.0
Property Type
RI
Exclusions
All personal items for the tenants
Year Built
1987
Documents Available
Aerial, Survey
Status
Active
Lot Acres Source
Other
Has a Home Owners Association
No
Similar Listings
Mortgage Calculator
$4,664
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$3,599
Monthly Tax
$832
Monthly Insurance
$233
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
Listing courtesy of
Brittany Elkins, Ebby Halliday Realtors
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NTREIS - North Texas data last updated at May 9, 2026, 6:32 PM CT
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