Land with Home for Sale in Stephenville, Texas

Investment opportunity just outside Stephenville! Located at 5209 US Hwy 67 on a prime corner of US Hwy 67 and CR 488, this unique 3-acre property offers multiple income-producing possibilities or multi-family living. The property includes three mobile homes: two spacious 3-bedroom, 2-bath units and one 2-bedroom, 1-bath unit, providing flexibility for rental income, extended family use, or a combination of both. With highway frontage and excellent visibility, the property offers convenient access to Stephenville while maintaining a rural feel. The layout allows for separation between residences, making it ideal for tenants or multi-generational living arrangements. Whether you're an investor looking to expand your portfolio or a buyer seeking versatile property with income potential, this tract delivers. Please note: the owner intends to retain a life estate on the mobile home located at 205 CR 488. This arrangement presents a unique opportunity to acquire the remaining improvements and land at a compelling value while planning for future full use. Opportunities like this—offering acreage, multiple residences, and highway access—are rare in this growing area of Erath County. Don’t miss your chance to secure a flexible property with strong upside potential in one of North Central Texas’ most desirable markets. Call Preferred Properties of Texas 254-965-7775 today to schedule your showing and don't miss out on the rare opportunity.