Residential Land for Sale in Stephenville, Texas
Rosebud Dr, Stephenville, TX 76401
Excellent opportunity to acquire a strategically located parcel zoned R3 Multifamily, just over one mile from Tarleton State University. This property offers strong potential for a 25-30 unit multifamily development, aligning with the high rental demand driven by student housing, faculty, and the growing local workforce. The site is positioned for investors and developers seeking a value-add project in a market with consistent occupancy rates and steady rental demand. With multifamily land in limited supply this close to campus, this tract represents a rare chance to capitalize on both location and zoning flexibility.
Location
- Street address
- Rosebud Dr
- County
- Erath County
- Zip code
- 76401
- Community
- North Hillcrest
- School district
- Stephenville ISD
- Elevation
- 1,320 feet
Directions
From the intersection of HWY 108 and Lingleville RD, head southwest on Lingleville Rd towards Belknap for 1.5 miles. Turn Left onto Bluebonnet St, then right onto Rosebud St, Destination on Right. Sign in yard.
Property details
- Acreage
- 1.241 acres54,058 sq ft
- Zoning
- R-3 Multi Family
- MLS #
- NTREIS 21037808
- Posted
Property taxes
- Recent
- $696
Parcels
- R000032680
Legal description
ACRES: 1.241 S5250 NORTH HILLCREST; BLOCK 1;
Details and features
Listing
- Type
- Land
Lot
- Vegetation
- Grassed
- Features
- Acreage, City Lot, Few Trees
Structure
- Water
- Public
- Sewer
- Public Sewer
Nearby schools
| Name | Type | District |
|---|---|---|
| Central | Elementary | Stephenville ISD |
| Gilbert,Stephenvil | Middle | Stephenville ISD |
| Stephenvil | High | Stephenville ISD |
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| June 14, 2026 | Price drop | $525,000 | $30,000 -5.4% | NTREIS |
| Aug 21, 2025 | New listing | $555,000 | — | NTREIS |