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$1,795,000
18 Beds ⋅ 10 Baths ⋅ 21227447 MLS
Prime investment opportunity in Stephenville, the Cowboy Capital of the World and home to rodeo collegiate powerhouse, Tarleton State University. This **fully occupied, income-producing** property offers a rare mix of residential and equine amenities, including **10 apartments**, **8 RV hookups**, **20 horse stalls with runs**, **15 covered pens**, and **4 large traps**. A key highlight is the **on-site roping arena**, adding a distinctive value feature for tenants and equine users. Located **directly across from the popular 377 Arena**, the property benefits from strong visibility and immediate connection to Stephenville’s active horse community. With **Tarleton State University’s growing enrollment contributing to a local housing shortage**, this property presents meaningful upside potential for rent increases across both the apartments and equine facilities. An exceptional chance to invest in a high-demand asset with multiple income streams and future growth.

8441 County Road 176, Stephenville
$399,000
3 Beds ⋅ 2 Baths ⋅ 21157958 MLS
Two-home property situated on .73 acres in an established Morgan Mill neighborhood. The newly constructed 39' x 48' shop includes a 585 sq ft apartment with 1 bedroom, 1 bathroom, kitchen, and laundry hookups, ideal for rental income or guest accommodations. The property features beautiful mature trees, a fenced-in yard, a storage shed, two carports, and a large deck, offering both charm and functionality. The 3-bedroom, 2-bath mobile home features several recent updates, including new flooring, mini-split systems, and a new water heater. This property offers dual water sources: a public meter and a private well. This versatile property provides excellent income potential and is ideal for investors. Conveniently located with easy access to Highway 281 for quick connectivity to shopping, dining, and major routes. Tan shed located behind shop apartment has been removed.

483 Private Road 729, Bluff Dale
$3,999,999
36 Beds ⋅ 26 Baths ⋅ 21130971 MLS
Welcome to 3D Bunkhouse, a rare investment opportunity in the heart of Stephenville—widely known as the Cowboy Capital of the World and home to the thriving TSU community. This unique multifamily property combines residential living, short-term rental income, and equine-focused amenities, making it an exceptionally versatile asset in one of Texas’s most sought-after rodeo and university markets. Located just over an hour from the Dallas–Fort Worth Metroplex, Stephenville offers the charm of a small Texas town with the steady energy and demand generated by TSU students, faculty, rodeo athletes, and traveling competitors. This strong tenant base creates consistent occupancy and long-term investment security. Community & Amenities 3D Bunkhouse is designed to accommodate a wide range of residents and guests. The property features full RV hookups ideal for short-term visitors, rodeo travelers, and event participants. On-site conveniences include a laundry facility, snack station, and secure mail delivery for tenants. The property also offers multiple income-producing amenities, including established short-term rental units, large fully covered horse stalls, storage units, and premium equestrian facilities. Riders and competitors benefit from a 150' x 200' outdoor roping and riding arena, a 60' round pen, and a concrete tie wash area, creating a highly attractive environment for those involved in the equine and rodeo industries.

120 Bunkhouse Rd, 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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