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1479 Lockwood Street
About This Property
Step inside to discover spacious rooms, abundant natural light, and new vinyl plank flooring. The inviting living room centers around a classic brick wood-burning fireplace accented by handsome picture-frame wall paneling, creating a warm gathering space. The kitchen features granite countertops, stainless steel appliances, abundant cabinetry, and generous workspace. The refrigerator, washer, and dryer convey, and the separate utility room adds convenience.
The primary suite offers double sinks, a walk-in shower, and walk-in closet. The second private suite also includes a walk-in shower and walk-in closet, making it ideal as a mother-in-law suite, guest quarters, game room, hobby space, or home office. The updated hall bath features both a soaking tub and separate shower.
Enjoy relaxing on the welcoming covered front porch or entertaining beneath the oversized covered back patio that extends to an open patio. Mature shade trees, attractive landscaping, a wood privacy fence, and a storage building complete the backyard.
New vinyl plank flooring, hot water heater, and micro-vent; plus, newer refrigerator, dishwasher, and washing machine. Major updates in 2016 include new windows, roof, gable siding, and front door. Energy-efficient solar panels, installed about three years ago, have dramatically reduced electric costs, with owners often paying only the Oncor delivery fee while building utility credits.
Conveniently located just minutes from Tarleton State University, schools, shopping, dining, and historic downtown Stephenville, this move-in ready home offers comfort, flexibility, energy efficiency, and an outstanding location.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 22, 2026 | Listed by HOLLAND HOME & LAND REALTY | $415,000 | |
| Listed by HOLLAND HOME & LAND REALTY | |||
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About Stephenville
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017