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1450 Lincoln Drive

Stephenville, TX 76401
  • $950,000
  • STATUS: Active Option Contract
  • ON SITE: 146 Days
  • MLS #: 21266459
Under Contract
UPDATED: 32 min ago
$950,000
  • 11
    BEDS
  • 5
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1987
County:
Area:

School Information

Elementary School:
High School:
School District:
Offered by Brittany Elkins of Ebby Halliday Realtors: (254) 965-7653.

Description

CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.

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© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-06T13:44:56.953.
www.rebdgroup.com/homes/176383794
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1450 Lincoln Drive Stephenville, TX 76401

  • Price: $950,000
  • Status: Active Option Contract
  • On Site: 146 Days
  • Updated: 32 min ago
  • MLS #: 21266459
11
Beds
6
Baths
0
½ Baths
5
Acres
1987
Built
Neighborhood:
Springfield Park #11
County:
Erath
Area:
Stephenville
Elementary School:
Central
High School:
Stephenvil
School District:
Stephenville ISD
Property Description
CASH FLOW TODAY, EXPANSION TOMORROW!!! Turnkey Investment Property with Expansion Potential on 5 Acres! Built in 2021, these low-maintenance units combine functionality with a contemporary design featuring four modern quadplex buildings, each offering 2-bedroom, 1-bath units with appliances, stained concrete floors and private fenced backyards—perfect for attracting long-term tenants. In addition, the property includes a fully remodeled manufactured home with 3 bedrooms, 2 baths, screened porch and its own fenced yard, ideal as an owner’s residence, rental, or guest space. Outside amenities include a 6-stall barn, arena, loafing sheds, and room to expand with more facilities or even an additional quadplex. This property has maintained occupancy, has a new well for the quadplex units, and is income producing perfect for your investment portfolio.
Exterior Features

Carport Spaces 2 Construction SidingOther Covered Spaces 2 Exterior Features Covered DeckCovered Patio/PorchOther Fencing Back YardChain LinkWoodOther Foundation Pillar/Post/PierSlab Lot Description AcreageClearedFew Trees Lot Size Source Other Parking Or Garage CarportCommonOn Site Parking Spaces 6 Pool On Property No Roof MetalShingle Waterfront YN No

Interior Features

Appliances DryerElectric OvenElectric RangeGas CooktopRefrigeratorWasherOther Attached Garage No Basement No Cooling Ceiling Fan(s)Central Air Fireplace Features DecorativeWood BurningOther Fireplaces 1 Flooring ConcreteLuxury Vinyl PlankOtherVinyl Garage No Handicap YN No Heating CentralElectric Interior Features Decorative LightingEat-in Kitchen

Property Features

Building Area Source Public Records Building Area Total 4360.00 Complex Name 1450 Lincoln Dr. Construction Status Preowned Exclusions All personal items for the tenants Gross Annual Expenses 20762.00 Gross Annual Income 88800.00 HOA None Insurance Expense 11028 Intermediate School Name Gilbert Junior High School Name Stephenvil Levels One Municipal Utility District No Net Operation Income 68038 Operating Expense Includes InsuranceOther Possession Closing/Funding Property Type Multiple Single Units Senior Community No Tenancy Over 9 Months Unexempt Taxes 9737 Utilities Private WaterSepticWell Will Subdivide No

North Texas Real Estate Information Systems MLS logo Listing information © 2026 North Texas Real Estate Information System.


© 2026 North Texas Real Estate Information Systems. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Real Estate By Design | Keller Williams. The data relating to real estate for sale or lease on this web site comes in part from NTREIS. Real estate listings held by brokerage firms other than Real Estate By Design | Keller Williams are marked with the NTREIS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-10-06T13:44:56.953.
 
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Real Estate By Design | Keller Williams
2434 Lillian Miller Pkwy
Denton TX, 76205
Offered by Brittany Elkins of Ebby Halliday Realtors: (254) 965-7653.