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397 Cr 538 Stephenville, TX $ 489,000
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$ 489,000 Get more info
397 Cr 538
$ 489,000
Back to search
Share Save

397 Cr 538

Stephenville, TX, 76401
$ 489,000
Bedrooms4 Baths2.0

Monthly Estimate*

$ 3,051

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Multi-Family Home for sale in Stephenville, TX

for $489,000 with 4 bedrooms and 2 full baths. This home was built in 1982 on a lot size of 2.62.

Charming Dual-Residence Property on 2.62 Beautifully Landscaped Acres. Discover a unique opportunity with two residences on one stunning property, ideal for multi-generational living or additional rental income. Nestled on a peaceful dead-end road, this well-maintained 2.62-acre estate features a spacious 1,953 sq ft main home with 3 bedrooms and 2 bathrooms, plus a fully equipped 1-bedroom, 1-bath guest house currently generating $700 per month in rental income. The main residence offers a warm and inviting atmosphere with a large living area perfect for entertaining, a generously sized primary suite with ensuite bathroom, and an additional bonus room that can serve as an office, 4th bedroom, or playroom. The kitchen is well-appointed with abundant cabinetry, newer appliances, and a separate dining area ideal for family gatherings. Recent upgrades include new windows, hot water heater, and new appliances including refrigerator (2023) new HVAC system (2024) and microwave (2025). Stylish laminate and tile flooring run throughout the home. The guest house is 630 sq ft and includes a living area, full kitchen (appliances included), and a covered carport with storage space for lawn equipment or a vehicle—making it a highly desirable rental or in-law suite. The property also boasts a reliable 365-ft water well with a new pump and updated electrical systems, a spacious concrete slab perfect for outdoor entertaining or sports, and a dedicated yard space for pets separate from the main backyard. Horses and 4H animals are welcome. Built in 1982 and only owned by two families, this property offers a rare blend of comfort, functionality, and income potential in a serene rural setting. Whether you're looking for a peaceful homestead, room to grow, or an income-generating investment, this property has it all. Schedule your showing today—this one won’t last long!

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Multi-Family Active

Price

$ 489,000

Bedrooms

4

Full Bath

2

Property Type

Multi-Family

Taxes

$ 3,384

Style

Apartment

Lot Size

2.62

Year Built

1982

Town/City

Stephenville

County/Region

Erath

MLS | Web ID

21008785
Features
Interior
Interior Features Decorative Lighting High Speed Internet Available Walk-In Closet(s)
Flooring Carpet Laminate Tile
Basement Y/N 0
Total Units 2
Half Baths 0
Total Bedrooms 4
Total Baths 2
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General
Heating Central Electric
Complex Name Residential w/Apartment
Cooling Ceiling Fan(s) Central Air Electric
Utilities Co-op Electric Septic Well
Possession Negotiable
Roof Composition
Appliances Dishwasher Disposal Electric Range Microwave Refrigerator Water Filter Water Softener
School District Lingleville ISD
Pool Y/N 0
Year Built 1982
Levels One
Property Subtype Apartment
Subdivision Name Henry Fantharp
Occupant Type Owner
County Erath
Property Type Residential Income
Construction Materials Siding
Year Built Details Preowned
HOA Type None
Special Notes Aerial Photo
# of Buildings 2
Full Baths 2
Status Active
Directions GPS Turn on road at Church of Christ at Lingleville and go right then turn left on CR 538.
City Stephenville
Elementary School Name Linglevill
High School Linglevill
Elementary School Linglevill
Standard Status Active
Listing Terms Cash Conventional FHA VA Loan
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Exterior
Exterior Features Dog Run Private Entrance Storage
Lot Features Acreage Cleared Landscaped Lrg. Backyard Grass
Fencing Chain Link Net Partial
Parking Features Additional Parking Assigned Attached Carport Concrete Driveway Parking Pad
Lot Size 1 to < 3 Acres
Foundation Pillar/Post/Pier
Building Area Total 2.62
Garage Y/N 0
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Internal Only
Street Number 1 397
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* Excluded Features
List By
Derece Jones

Listing Agent

Moore Home And Ranch, Llc

Broker

Affordability Calculator

$3,333
Per Month
92%
8%
0%
Monthly Principal & Interest
$3,051
Monthly Property Taxes
$282
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
286294 Elementary School
5136370 Middle School
See complete school information
Pricing History
Date Price Price Change Description
7/25/2025 $489,000 Listed Price

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397 Cr 538, Stephenville, TX, 76401 is a Multi-Family Home for sale at $489,000 with a lot size of 2.62. 397 Cr 538 has 4 bedrooms, 2.0 baths, and was built in 1982. The property's zip code is 76401 which is in Stephenville, TX

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