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624 Alexander Road
About This Property
Fall in love with the charm and possibilities of this inviting 3-bedroom, 2-bath home, nestled on over an acre and centrally located in one of Stephenville's most desirable areas! You'll love this home's perfect blend of character, space and convenience, featuring original hardwood floors, a beautiful mirrored wall that reflects natural light throughout the spacious living areas with plenty of room for entertaining, and timeless details that give this home a warm, welcoming feel.
Outside, the generous lot includes an RV port, shop garage, two-vehicle carport, storage room, and a garden shed, providing ample space to pursue your hobbies, projects, and outdoor dreams. If you're looking for a little space to garden, some room to breathe and live, or a little privacy inside the city, this property delivers. And an enclosed side yard is ready to welcome guests.
The home has received lots of TLC, with recent upgrades that include a completely updated electrical system, a new roof, new paint both interior and interior, and a fenced back yard. All this less than 6 blocks from Tarleton State University, and mere minutes from shopping, dining, and everything else Stephenville has to offer. See this unique Stephenville property for yourself and begin planning your next chapter!
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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%.
How much can I actually make?
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 |
|---|---|---|---|
| Oct 18, 2026 | Price Decreased |
$299,000
↓ $900
(0.3%) | |
| Price Decreased | |||
| Sep 17, 2026 | Price Decreased |
$299,900
↓ $15K
(4.8%) | |
| Price Decreased | |||
| Aug 21, 2026 | Listed by Elite Real Estate Texas | $315,000 | |
| Listed by Elite Real Estate Texas | |||
| Aug 5, 2026 | No longer available | - | |
| No longer available | |||
| Jun 27, 2026 | Price Increased |
$327,900
↑ $9K
(2.8%) | |
| Price Increased | |||
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017