385 E Elm St, Stephenville, TX 76401
OFF MARKET

385 E Elm St
Stephenville, TX 76401

  • 18 Beds
  • 14.5 Baths
  • 8,922 sqft (on 0.48 acres)
18 Beds
14.5 Baths
8,922 sqft
(on 0.48 acres)

Local Information

Map showing home location
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Commute Destination

Description

Fully occupied 11-unit complex located in the vibrant city of Stephenville, home to Tarleton State University, a thriving Division 1 college. Built in 2015, this modern residential income property offers an exceptional investment opportunity with a strong and stable tenant base. The property features a mix of spacious 1-bedroom and 2-bedroom units, all designed with open floor plans, built-in storage, walk-in closets, and high-speed internet access. Property features 23 dedicated parking spaces, central HVAC systems, and electric appliances, the property provides both comfort and convenience for tenants while keeping operational costs low. Situated on a 0.482-acre corner lot, the complex enjoys a prime location within minutes of campus, downtown Stephenville, and local amenities, ensuring high demand and low vacancy rates. The well maintained grounds and modern construction make this a turn-key investment, perfect for real estate investors, property management companies, or institutional buyers seeking a high-performing asset.With a strong track record of occupancy, minimal maintenance needs, and a desirable location in a growing college town, this property offers a rare chance to secure a reliable and profitable addition to your portfolio. Dont miss this exceptional opportunity to invest in Stephenvilles thriving rental market. 2025-05-02
This property is off market, which means it's not currently listed for sale or rent on Trulia. This may be different from what's available on other websites or public sources.
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Home Highlights

Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
No Info
Listed
180+ days ago

Home Details for 385 E Elm St

Property Information

Year Built
Year Built: 2015
Property Type / Style
Property Type: Multi Family

Interior Features

Levels, Entrance, & Accessibility
Floors: Laminate

Media

Lot Information

Lot Area: 0.48 acres

Price History for 385 E Elm St

DatePriceEventSource
05/16/2025$1,980,000ListingRemovedEbby Halliday Realtors #20773140
11/13/2024$1,980,000Listed For SaleNTREIS #20773140
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Property Tax and Assessment

Year2025
Tax
Assessment$1,454,590
Home facts updated by county records

Comparable Sales for 385 E Elm St

Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
645 N McCart St, Stephenville, TX
0.68
Multi-Family Home
-
12/01/25
16
16
7,332
1970 County Road 262, Stephenville, TX
5.19
Multi-Family Home
-
12/01/25
7
4
1,215

Assigned Schools

These are the assigned schools for 385 E Elm St.
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The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

What Locals Say about Stephenville

At least 143 Trulia users voted on each feature.

  • 89 % Say car is needed

  • 82 % Say parking is easy

  • 78 % Say yards are well-kept

  • 73 % Say there's holiday spirit

  • 72 % Say it's dog friendly

  • 58 % Say kids play outside

  • 55 % Say people would walk alone at night

  • 53 % Say it's quiet

  • 50 % Say neighbors are friendly

  • 44 % Say there's wildlife

  • 43 % Say they plan to stay for at least 5 years

  • 33 % Say it's walkable to restaurants

  • 27 % Say there are community events

  • 23 % Say streets are well-lit

  • 22 % Say there are sidewalks

  • 20 % Say it's walkable to grocery stores

Sourced by Trulia users. Learn more about our methodology.
  • Debjodunson24
    "They would like it - homes with acreage allowing their pets to have plenty of room. The neighborhood is very friendly."
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  • Kody F.
    "I it’s a pretty good town overall. People are friendly, lots of college kids running around most of the year, and they don’t know how to drive"
    0
    Flag
  • Heidi S.
    "almost everyone has a dog and people are really open to bringing them most places. Unfortunately, parks don't enforce 'bag the poop' laws strongly enough."
    0
    Flag
  • Jose L.
    "Extremely safe place for kids. Great neighborhood. Friendly neighbors. Respectful drivers. Quiet at night. "
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  • Casey C.
    "There are a bunch of great veterinary clinics here. There’s a huge park to take them to. Theres a pet supplies plus with a dog wash station. All in all, it’s a good place for Good boys and Good Girls."
    0
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  • Annialbano
    "I live near the college. Lots of families and kids around. Close to grocery schools and restaurants "
    3
    Flag
  • Joe H.
    "it's a very nice area. I like the nabors and not expensive in this area. I would recommend this are to any of my family members. "
    0
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  • Lularoewithliz
    "Schools are great but not very many amenities to do as a family. Stephenville is growing but it is slow growth."
    0
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  • Starrla1979
    "People are friendly. Little to no crime. Not like in major cities. Quiet atmosphere. Shopping is near by. We have H-E-B and Walmart for groceries. We have department stores. It doesn’t have everything, but it does have what you need! There’s about 17k to 20k people that live here. July 2019"
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  • Chris G
    "Other people’s dog lose coming into the yard to use the restroom and bark at my dogs that are behind my dense."
    0
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  • Bre
    "Lots of dogs bark when you walk through the neighborhoods, but it doesn't bother me. They're just protecting their homes. "
    0
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  • Karen Perry
    "I have lived in my area for 5 years; neighbors watch out for each other, even thought I live outside the city limits."
    0
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  • Jlnorthcutt
    "Our subdivision is friendly, and everyone looks out for one another. It’s a great place to raise a family."
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  • Jill N.
    "Grocery stores, schools, parks, and retail stores in Stephenville are about a five minute drive. There is no traffic to speak of."
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  • Brian E.
    "I have a short drive and easy to and from, no matter time of day! One light between home and work..."
    0
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  • Annialbano
    "Lovely neighborhood with many families and professionals 😁 quiet and friendly. I have lived here three years and love it! "
    2
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  • Jonathon t.
    "We have concerts that go on in the bars and in the park. we are also big fans of football both high school and collegiate "
    0
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  • Caity
    "Stephenville is a small town and somehow everyone is connected. Largely a friendly population. Great schools, most of the roads are in good condition, crime isn’t so bad. Parks are good. "
    1
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  • Lisarenesandlin
    "I live close to the college. Just moved here to car for my aging parents. I got them situated and I’m getting out of here. Very unfriendly unwelcoming town. Behind times by 70 years. "
    1
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  • Briana V.
    "It’s college student oriented and full of life! The pets around town are mostly friendly and play dates in the park for dogs are common "
    1
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385 E Elm St, Stephenville, TX 76401 is a 18 bedroom, 18 bathroom, 8,922 sqft multi-family built in 2015. This property is not currently available for sale.