About 1391 N Paddock Street
Excellent investment opportunity in the heart of Stephenville, just minutes from Tarleton State University. This well-maintained duplex features two spacious units, each offering 3 bedrooms and 1 bathroom—an ideal layout for student housing. The property is currently 100% leased, providing immediate and stable cash flow. Unit A is leased at $1,500 per month through June 30, 2026, and Unit B is leased at $1,400 per month through July 31, 2026. Located in a high-demand rental area popular with Tarleton students, this property benefits from consistent occupancy and strong rental demand. Its proximity to campus, combined with functional floor plans and reliable tenancy, makes it a turnkey addition to any investor’s portfolio. Don’t miss this opportunity to own a performing asset in one of Stephenville’s most sought-after rental locations.
Features of 1391 N Paddock Street
| MLS® # | 21242182 |
|---|---|
| Price | $365,000 |
| Bedrooms | 6 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Acres | 0.17 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Duplex |
| Status | Active |
Community Information
| Address | 1391 N Paddock Street |
|---|---|
| Subdivision | Crow Styles Add |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401-5532 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 4 |
| Garages | Additional Parking, Attached Carport, Carport, Covered, Driveway, On Site, Outside |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Built-in Features, Cable TV Available, Decorative Lighting, Tile Counters |
|---|---|
| Heating | Electric, Other |
| Fireplace | No |
Exterior
| Exterior Features | Other |
|---|---|
| Lot Features | Corner Lot, Few Trees, Lrg. Backyard Grass |
| Roof | Metal |
| Construction | Brick, Siding |
| Foundation | Slab |
School Information
| District | Stephenville ISD |
|---|---|
| Elementary | Chamberlai |
| High | Stephenvil |
Additional Information
| Flooring | Tile, Vinyl, Wood |
|---|---|
| Net Income | $27,045 |
| Building Sqft | 1,639 |
| # Units | 2 |
Listing Details
| Agent | Eric Hayden |
|---|---|
| Office | Ebby Halliday Realtors |
| Contact Info | (254) 965-7653 |