201 S Jones Street
Granbury, TX, 76048 $ 499,990
Bedrooms7 Baths7.0 Monthly Estimate*
$ 3,453
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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FeaturesInteriorInterior 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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GeneralHeating 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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ExteriorWaterfront 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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* Excluded FeaturesList ByChenchi KuriakoseListing Agent
Stride Real Estate, LlcBroker
Affordability Calculator
- 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.
Learn more about how to save NearbyMulti-family listings in Granbury, TX
Average List Price $619,649
Percent of Sale Price 24%
About Granbury, TX 10,299 Population
35% Since 2002
$ 57,446 Median Income
44.55 Median Age
20% Households with Children
Trends Information provided by ATTOM Data Solutions.
2123736 Elementary School
3672507 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/29/2026 | $499,990 | | Listed Price |