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000 County Road 392, Stephenville, TX 76401

$4,820,000
  • 000 County Road 392, Stephenville, TX 76401 Main Photo

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Active
BEDS0 BATHS SQUARE FEET20,000 MLS#20955350
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONWilson SCHOOLLingleville ISD

Property Description

This beautiful income producing property is available for the first time and ready for a new owner to expand on its potential. The property fronts paved county road 392, with additional frontage on CR 383, just south of Lingleville, west of Stephenville, and North of Dublin in the productive cattle and horse country. Highlights of this multi-dimensional ranch include a 3,200 sqft custom home, 1,800 sqft guest house, 11 rental units with an established seven figure rental income and full occupancy. Rentals consist of five double-wides, four single-wides, and a set of duplexes, 20+ horse stalls and loafing sheds, 19 turnouts, and lighted arena. The ranch is complete with cattle working pens, 60x100' hay barn, equipment barn, and workshop with hydraulic lift. Additionally, there are multiple ponds, a swimming area with slide, rope swing and zip line. Do you fly? This ranch has a private 1,500 ft. airstrip to conveniently fly in and out with ease. There are multiple opportunities to consider with this unique property. As a family ranch, it is one of the nicest around. As an investment, it offers cashflow to offset the cost of the ranch. **The sellers WOULD SELL JUST The Rental houses and 17 acres alone. Contact our team for additional information and details. A full packet is available upon request to Brokers, Agents and qualified buyers.

000 County Road 392 | MLS# 20955350

This multi-family property located at 000 County Road 392, Stephenville, TX 76401 is currently listed for sale with an asking price of $4,820,000. County Road 392 is located within the Lingleville ISD school district. Search Stephenville real estate on shelbymilam.kellyrealtors.com today.

Property Features

Property Type: Multi Unit - Multiple
Cooling: Central Air
Heating: Central
Lot Size: 93.50 Acres
Roof Type: Metal
Year Built: 1985

Amenities

Other

Feature Descriptions

Appliances: Other
Days on Site: 295
Exterior: Stone Veneer, See Remarks
Fencing: Cross Fenced, Perimeter
Flooring: See Remarks
Lot: Acreage, Airstrip, Oak, Pasture, Water/Lake View
Parcel#: R000074890
Parking: Common
Parking Notes: Common
Units: 13
Utilities: Septic, Well

Local Schools

Elementary School: Linglevill
School District: Lingleville ISD

Listed By / Shown By

Listed By

Agency Name: Keller Williams Brazos West
Agency Contact: (512) 275-6625
Agent Name: Kasey Mock

agent picture

Shown By

Agent Name: Shelby Milam
Agent Phone: (254) 366-9606
Agency Title: Kelly, Realtors

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Estimated Payment

$ 12,133.06 per month $10,727.23 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,405.83 Homeowner's Insurance

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided 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 on this site was last updated 03/26/2026. The listing information on this page last changed on 03/26/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Thu 03/26/2026 2:42:48 AM EST) or NTREIS (last updated Wed 03/25/2026 11:48:44 PM EST) or SABOR MLS (last updated Thu 03/26/2026 12:52:25 AM EST) or CTXMLS (last updated Wed 03/25/2026 11:34:26 PM EST). Real estate listings held by brokerage firms other than Kelly, Realtors may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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