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$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
$4,000,000
21035008 MLS
Premier development opportunity at 3050 W Washington Street, one of the most visible and heavily traveled corridors in Stephenville, Texas. This exceptional 26+ acre tract boasts extensive frontage along Washington Street (US Highway 377), supported by some of the highest TxDOT traffic counts within city limits. Utilities are already on site, allowing for efficient and timely development. The property is currently zoned B-2, accommodating a wide range of high-demand commercial uses including retail, restaurants, hotels, banks, churches, medical, and service-oriented businesses. With strong visibility, easy access, and a central location, the site is ideally positioned for destination and daily-use development alike. Stephenville—known as the “Cowboy Capital of the World”—serves as the regional hub for Erath County and surrounding communities. Anchored by Tarleton State University, the city continues to experience sustained population growth, expanding enrollment, and increasing consumer demand. The local economy is diversified across education, healthcare, agriculture, and retail, making Stephenville a stable and attractive market for long-term investment. The rear portion of the property offers an additional value-add opportunity and would be well-suited for future residential development, subject to rezoning—creating potential for a mixed-use project in a growing corridor. This is a rare opportunity to secure a large-scale, high-visibility development site in one of North Central Texas’ most active and expanding markets.

3050 W Washington, Stephenville
$355,000
4 Beds ⋅ 2 Baths ⋅ 21010051 MLS
Space. Flexibility. Location. Welcome to 810 Alexander Street, where comfort, versatility, and investment potential come together in one of Stephenville's most convenient locations. Just minutes from Tarleton State University, this 4-bedroom home with a flexible bonus living area offers the space today's buyers need and the location investors want. Whether you're searching for your next family home, housing for a Tarleton student, or a property with long-term or short-term rental potential (subject to local regulations), this home offers endless possibilities. The bonus room with its walk-in closet can easily serve as a fifth bedroom, home office, playroom, or guest suite. Inside, you'll appreciate the open-concept layout featuring granite countertops, a kitchen island, decorative lighting, generous walk-in closets, and abundant storage. Every space has been designed with everyday living and entertaining in mind. Outside, this property truly stands apart. Situated on a spacious corner lot, the property extends beyond the existing backyard fence, providing additional room for future expansion, outdoor living, gardening, or simply extra space to enjoy. Location matters—and this home delivers. With easy access to Tarleton State University, shopping, restaurants, and everything Stephenville has to offer, this is a rare opportunity to own a home that offers flexibility today and value for years to come. Schedule your private showing today and see why 810 Alexander Street is the opportunity you've been waiting for.

810 Alexander Rd, Stephenville
$223,591
20964687 MLS
Prime Rural Acreage- Ideal Horse Property. Come escape to the Tranquility of the Countryside. Nestled conveniently between Tolar, Glen Rose and Stephenville -and just minutes from Hwy 67 - these beautiful land tracts offer a rare blend of serenity and accessibility. Captivating views & Electricity readily available at the road make this an ideal location to build your own masterpiece. The land features established coastal Bermuda grass, Nice Oak Trees & Rich Sandy Loam, making it perfectly suited for horses & livestock. With the scenic views & plenty of space to build, it’s a rare opportunity to own quality land in a picturesque rural setting!

Tbd County Rd 175 Unit Lot 4, Stephenville
$427,500
3 Beds ⋅ 3 Baths ⋅ 20849616 MLS
Built in 2016 this amazing 3-2.5 ranch style home sits on 5.051 acres. Located in Horsemans Ranch subdivision allowing access to both an outdoor & covered arena. Home offers 1584 SqFt of living space with concrete flooring on the bottom level & laminate wood on the top. Custom cedar wood detailing throughout giving this home a rustic feel. Kitchen is equipped with electric KitchenAid appliances, dishwasher, vent hood & a double oven. Ready for you & your horses is an attached barn with 2-12x12 stalls, covered shop area or parking & 12x12 area that could double as a feed or tack room. Truly a horse lovers dream!

900 Lookout Pt, Stephenville
$339,000
4 Beds ⋅ 3 Baths ⋅ 20813306 MLS
Price Improvement! Four Bedroom 2.5 bath on oversized corner lot in Golf Country Estates! Remodeled kitchen and walk in shower in master bath. Garage has extra large parking area built in storage and at least 350 sq. ft. space for a shop or storage. The .543 acre lot has oak and pecan trees with plenty of room for gardening and landscaping. The property even has it's own well for outdoor watering and reducing the cost of watering. This nice brick home with split bedroom design and open concept living and kitchen area makes for a great area for living and entertaining. The covered back porch looking over the golf course is a nice place for enjoying cooking and playing outdoors.

1405 N Prairie Wind Blvd, Stephenville
$994,500
20794406 MLS
There is huge potential for this perfect sized lot ready for your QSR, business or build spaces to lease. This lot is located on the main retail corridor of Stephenville with a traffic count of 13,596. There is over Over 130' ft of West Washington frontage at the intersection of South Loop and W Washington. Property is visible from South Loop with traffic count of 19,336. Your business could be in between SISD $40 million dollar stadium and Tarleton State University brand new $110 Million dollar event center, less than 1 MILE to get to either! Vacant B2 lot close to TSU is getting more scarce by the day as more and more businesses pour in. The City of Stephenville is pro business!! Call now

2309 W Washington St, Stephenville
$3,600,000
14655558 MLS
40+- Acres on Business 377 with access to US Hwy 377 South Loop. Approximately 1 mile to US Hwy 281 intersection. Excellent property for an industrial complex, multiple housing development or many other commercial uses. City water is available and city sewer is nearby. Rock farm house on property needs TLC, water well, old barns and storm shelter. This property has fencing with some cross fence in place. This property is on the outside edge of the city limits and is in the ETJ.

1866 E Washington St, 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

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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