8441 County Road 176, Stephenville, TX 76401

$1,795,000
: 18
BD
: 10
BA

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List Price: $1,795,000
Status: ACTIVE
Price Change: ▼ $190,000 1784672053
MLS#: 21227447
Subtype: ResidentialIncome
Construction Status: Preowned
Year Built: 2011
Bedrooms: 18
Bathrooms: 10
Full Baths: 10
Lot Size: 266,151
Acres: 6.11
Subdivision: NA
Building Name: Cowboy Corner

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Property Description

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.

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