8441 County Road 176 |
|
| Price: | $1,985,000 |
| Property Type: | multi-family |
| MLS #: | 21227447 |
| 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. | |
| Area: | Erath |
| Year Built: | 2011 |
| Bedrooms: | None |
| Bathrooms: | None |
| Acres: | 0 |
| Virtual Tour: | Click here to view |
| Construction Materials : | Brick |
| Heating : | Central |
| Heating : | Electric |
Courtesy: Brad Booth • The Platinum Group Real Estate • 
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This content last refreshed on 06/08/2026 12:45 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
