About 632 N Ollie Street
Investor opportunity just steps from Tarleton State University! This 2-bedroom, 1-bath single-family home offers immediate and stable cash flow with a tenant in place through June 30, 2027 at $1,400 per month. Ideally located within walking distance to campus, the property benefits from consistent rental demand driven by Tarleton State’s continued growth as a Division I university with steadily increasing enrollment. This prime location makes it highly attractive for student or faculty housing, supporting long-term investment potential. The home’s manageable size and layout provide low maintenance ownership, while the existing lease ensures reliable income from day one. Whether you’re expanding your portfolio or seeking a turnkey rental in a high-demand area, this property presents a compelling opportunity for both current returns and future appreciation.
Features of 632 N Ollie Street
| MLS® # | 21247901 |
|---|---|
| Price | $179,000 |
| Bedrooms | 2 |
| Bathrooms | 1.00 |
| Full Baths | 1 |
| Acres | 0.12 |
| Year Built | 1947 |
| Type | Residential Income |
| Sub-Type | Multi Family |
| Status | Active |
Community Information
| Address | 632 N Ollie Street |
|---|---|
| Subdivision | College Heights |
| City | Stephenville |
| County | Erath |
| State | TX |
| Zip Code | 76401-5632 |
Amenities
| Utilities | City Sewer, City Water |
|---|---|
| Parking Spaces | 1 |
| Garages | Driveway |
| Is Waterfront | No |
| Pool On Property | No |
Interior
| Interior Features | Built-in Features, Eat-in Kitchen, Granite Counters, High Speed Internet Available |
|---|---|
| Heating | Central, Electric |
| Fireplace | No |
Exterior
| Exterior Features | Fire Pit, Storage |
|---|---|
| Lot Features | Interior Lot |
| Roof | Asphalt |
| Construction | Siding |
| Foundation | Pillar/Post/Pier |
School Information
| District | Stephenville ISD |
|---|---|
| Elementary | Chamberlai |
| High | Stephenvil |
Additional Information
| Flooring | Luxury Vinyl Plank |
|---|---|
| Net Income | $13,077 |
| Building Sqft | 938 |
| # Units | 1 |
Listing Details
| Agent | Eric Hayden |
|---|---|
| Office | Ebby Halliday Realtors |
| Contact Info | (254) 965-7653 |