201 S Jones Street Granbury, TX $ 499,990
201 S Jones Street
$ 499,990
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201 S Jones Street

Granbury, TX, 76048
$ 499,990
Bedrooms7 Baths7.0

Monthly Estimate*

$ 3,453

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Multi-Family Home for sale in Granbury, TX

for $499,990 with 7 bedrooms and 7 full baths. This home was built in 1943 on a lot size of 0.07.

Located just five blocks from Granbury’s beloved Historic Square, this fully renovated triplex offers a rare investment opportunity in one of the area’s most charming and desirable locations. Thoughtfully updated from top to bottom since 2020, the property features a newer roof, updated windows, fresh paint, new flooring, remodeled bathrooms, improved attic insulation, and extensive upgrades to the electrical, plumbing, and gas systems. Each of the three units has been beautifully remodeled, fully furnished, and designed for comfort, flexibility, and convenience. Every unit includes separate utilities and washer and dryer connections, creating an ideal setup for tenants and streamlined ownership. The downstairs units feature central HVAC, while the upstairs unit is equipped with an efficient multi-split system. Each residence offers its own distinct character and private back or side yard space. ADDITIONAL INVESTMENT HIGHLIGHTS: The existing FHA loan is assumable for qualified buyers, subject to lender approval, potentially offering attractive financing advantages. The property also offers additional space with the potential to build a FOURTH UNIT, subject to city approval, zoning, and permitting requirements. Whether you're looking to expand your rental portfolio, generate income through midterm rentals, or secure a long-term investment near the heart of Granbury, this property offers exceptional flexibility and future growth potential. With its prime location, extensive renovations, assumable financing opportunity, and potential for expansion, this turnkey triplex is a standout investment in a market where multifamily properties are rarely available. Don't miss this unique Granbury opportunity!

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Multi-Family Active

Price

$ 499,990

Bedrooms

7

Full Bath

7

Property Type

Multi-Family

Taxes

$ 0

Style

Quadruplex

Lot Size

0.07

Year Built

1943

Town/City

Granbury

County/Region

Hood

MLS | Web ID

21422975

Features
Interior
Interior Features Decorative Lighting Eat-in Kitchen Pantry Walk-In Closet(s)
Flooring Laminate Tile
Basement Y/N 0
Total Units 7
Half Baths 0
Total Bedrooms 4
Total Baths 3
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General
Heating Central Electric
Complex Name 201 S Jones
Cooling Ceiling Fan(s) Central Air
Utilities City Sewer City Water Curbs Individual Gas Meter Individual Water Meter
Possession Closing/Funding
Roof Composition
Appliances Dryer Electric Range Gas Range Refrigerator Washer
Number of Garage Spaces 0
School District Granbury ISD
Pool Y/N 0
Year Built 1943
Levels Two
Property Subtype Quadruplex
Subdivision Name Thrash
County Hood
Property Type Residential Income
Construction Materials Wood
Year Built Details Preowned
HOA Type None
# of Buildings 1
Full Baths 3
Status Active
Directions From Granbury Square head west on US Hwy 377 left onto S Jones St home be on corner of S Jones & W Bluff.
City Granbury
Elementary School Name Emma Roberson
High School Granbury
Elementary School Emma Roberson
Standard Status Active
Listing Terms 1031 Exchange Assumable Cash Conventional FHA
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Exterior
Waterfront 0
Parking Features Assigned Common Converted Garage Garage Faces Side Golf Cart Garage Open Parking Lot
Lot Size Less Than .5 Acre (not Zero)
Foundation Pillar/Post/Pier
Building Area Total 3126.00
Garage Y/N 1
Attached Garage Y/N 0
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Internal Only
Street Number 1 201
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* Excluded Features
List By
Chenchi Kuriakose

Listing Agent

Stride Real Estate, Llc

Broker

Affordability Calculator

$3,453
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,453
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
2123736 Elementary School
3672507 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/29/2026$499,990 Listed Price

Map


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201 S Jones Street, Granbury, TX, 76048 is a Multi-Family Home for sale at $499,990 with a lot size of 0.07. 201 S Jones Street has 7 bedrooms, 7.0 baths, and was built in 1943. The property's zip code is 76048 which is in Granbury, TX