130, 132 Clark Lane
Stephenville, TX, 76401 $ 880,000
Bedrooms7 Baths4.2 Monthly Estimate*
$ 6,078
for $880,000 with 7 bedrooms and 4 full baths, 2 half baths. This home was built in 2025 on a lot size of 0.12.
INVESTMENT OPPORTUNITY AT 130 & 132 CLARK LANE Exceptional opportunity to acquire an income-producing duplex in The Terraces at Clark Lane in Stephenville, Texas. Built in 2025, this tenant-occupied investment property generates $6,850 in combined monthly rental income, totaling $82,200 in annual gross scheduled rent. IN-PLACE RENTAL INCOME 130 Clark Lane: $3,350 per month, Unfurnished, Lease expiration: 5-14-2027 132 Clark Lane: $3,500 per month, Furnished, Lease expiration: 7-31-2028 Combined Monthly Rental Income: $6,850 Annual Gross Scheduled Rental Income: $82,200 Annual Net Operating Income: $58,832 Located near Tarleton State University, this property offers investors access to Stephenville's university-oriented rental market, with potential demand from students seeking off-campus housing and university faculty and staff. Its location provides an opportunity to invest in a market supported by the presence of an established university and its surrounding community. Built in 2025, the property offers approximately 4,350 square feet combined, with each unit featuring an open floor plan, double sinks in all full bathrooms, a fenced back porch, and a two-car garage. Unit 132 is furnished, offering flexibility for furnished rental strategies, while Unit 130 is leased unfurnished. 130 and 132 Clark Lane are being offered together as one investment property and will not be sold separately. Buyers should independently verify lease terms, rental income, operating expenses, and other property-related expenses during due diligence.
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FeaturesInteriorInterior Features Decorative Lighting Double Vanity Kitchen Island Open Floorplan Walk-In Closet(s)
Flooring Carpet Luxury Vinyl Plank Tile
Basement Y/N 0
Total Units 2
Half Baths 2
Total Bedrooms 7
Total Baths 6
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GeneralHeating Electric
Complex Name Duplex
Cooling Ceiling Fan(s) Central Air
Utilities City Sewer City Water Electricity Connected
Possession Closing/Funding
Roof Composition
Appliances Dishwasher Disposal Dryer Electric Range Electric Water Heater Microwave Refrigerator Washer
Assoc Fees 150
Number of Garage Spaces 4
School District Stephenville ISD
HOA Fee Includes Maintenance Grounds
Pool Y/N 0
Year Built 2025
Levels Two
Property Subtype Duplex
Subdivision Name The Terraces of Clark Lane
County Erath
Property Type Residential Income
Construction Materials Frame Rock/Stone Stone Veneer
Year Built Details New Construction - Complete
HOA Type Mandatory
# of Buildings 1
Full Baths 4
Status Active
Directions Drive east on Washington St from the downtown Stephenville Square turn left on Clark Lane property is on the left.
City Stephenville
High School Stephenvil
Standard Status Active
Junior High School Stephenvil
Listing Terms Cash Conventional
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ExteriorWaterfront 0
Fencing Metal
Parking Features Driveway Garage Garage Double Door Garage Faces Front Inside Entrance Paved
Foundation Slab
Building Area Total 4850.00
Garage Y/N 1
Attached Garage Y/N 1
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* Excluded FeaturesList ByTristan MaynardListing Agent
Keller Williams Frisco StarsBroker
Affordability Calculator
- Monthly Principal & Interest
- $6,078
- 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 Stephenville, TX
Average List Price $618,125
Percent of Sale Price 30%
About Stephenville, TX 18,766 Population
25% Since 2002
$ 39,923 Median Income
29.58 Median Age
23% Households with Children
Trends Information provided by ATTOM Data Solutions.
286818 Elementary School
3672383 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 10/26/2026 | $880,000 | | Listed Price |