Located just five blocks from Granbury’s beloved Historic Square, this fully renovated triplex offers a rare investment opportunity in one of the area’s most charming and desirable locations. Thoughtfully updated from top to bottom since 2020, the property features a newer roof, updated windows, fresh paint, new flooring, remodeled bathrooms, improved attic insulation, and extensive upgrades to the electrical, plumbing, and gas systems. Each of the three units has been beautifully remodeled, fully furnished, and designed for comfort, flexibility, and convenience. Every unit includes separate utilities and washer and dryer connections, creating an ideal setup for tenants and streamlined ownership. The downstairs units feature central HVAC, while the upstairs unit is equipped with an efficient multi-split system. Each residence offers its own distinct character and private back or side yard space. ADDITIONAL INVESTMENT HIGHLIGHTS: The existing FHA loan is assumable for qualified buyers, subject to lender approval, potentially offering attractive financing advantages. The property also offers additional space with the potential to build a FOURTH UNIT, subject to city approval, zoning, and permitting requirements. Whether you're looking to expand your rental portfolio, generate income through midterm rentals, or secure a long-term investment near the heart of Granbury, this property offers exceptional flexibility and future growth potential. With its prime location, extensive renovations, assumable financing opportunity, and potential for expansion, this turnkey triplex is a standout investment in a market where multifamily properties are rarely available. Don't miss this unique Granbury ...
+ Read More| Listing Id: | 21422975 |
|---|---|
| List Price: | $499,990 |
| Property Type: | Residential Income |
| Property Sub Type: | Quadruplex |
| Status: | Active |
| Bedrooms Total: | 4 |
| Bathrooms Full: | 3 |
| Lot Size Square Feet: | 3,049.2000 |
| Lot Size Acres: | 0.07 |
| Waterfront?: | No |
| City: | Granbury |
| County Or Parish: | Hood |
| Subdivision Name: | Thrash |
| Postal Code: | 76048 |
| Year Built: | 1943 |
| Unit Count: | 3 |
| Accessibility Features Yn: | No |
| Appliances: | Dryer,Electric Range,Gas Range,Refrigerator,Washer |
| Association Type: | None |
| Attached Garage?: | No |
| Basement Yn: | No |
| Bathrooms Total Decimal: | 3.00 |
| Bathrooms Total Integer: | 3 |
| Building Area Source: | Appraiser |
| Building Area Total: | 3,126.00 |
| Complex Name: | 201 S Jones |
| Construction Materials: | Wood |
| Cooling: | Ceiling Fan(s), Central Air |
| Directions: | From Granbury Square, head west on US Hwy 377, left onto S Jones St, home be on corner of S Jones & W Bluff. |
| Elementary School: | Emma Roberson |
| Elementary School Name: | Emma Roberson |
| Flooring: | Laminate, Tile |
| Foundation Details: | Pillar/Post/Pier |
| Garage Spaces: | 0 |
| Garage?: | Yes |
| Gross Annual Expenses: | $12,000 |
| Gross Annual Income: | $60,000 |
| Heating: | Central, Electric |
| High School Name: | Granbury |
| Insurance Expense: | $12,000 |
| Interior Features: | Decorative Lighting, Eat-in Kitchen, Pantry, Walk-In Closet(s) |
| Levels: | Two |
| Listing Terms: | 1031 Exchange, Assumable, Cash, Conventional, FHA |
| Lot Size: | Less Than .5 Acre (not Zero) |
| Lot Size Area: | 0.0700 |
| Lot Size Units: | Acres |
| Middle School Name: | Granbury |
| Multi Parcel ID: | No |
| Municipal Utility District?: | No |
| Net Operation Income: | $60,000 |
| Number Of Buildings: | 1 |
| Parking Features: | Assigned, Common, Converted Garage, Garage Faces Side, Golf Cart Garage, Open, Parking Lot |
| Pool?: | No |
| Possession: | Closing/Funding |
| Roof: | Composition |
| School District: | Granbury ISD |
| Smart Home Features Appor Pass Y: | 0 |
| Utilities: | City Sewer, City Water, Curbs, Individual Gas Meter, Individual Water Meter |
| Will Subdivide: | No |
| Year Built Details: | Preowned |
Listing Courtesy of: Stride Real Estate, LLC
Listing Agent: Chenchi Kuriakose
469-329-0962
Mortgage Calculator
All listings featuring the 
icon are provided courtesy of North Texas Real Estate Information Systems, Inc. (NTREIS), Copyright 2026. All rights reserved.
All information is believed accurate but not guaranteed. The properties displayed may not be all of the properties available through the IDX Program. Any use of this site other than by potential buyers or sellers is strictly prohibited.
North Texas Real Estate Information Systems, Inc. data last updated on October 30, 2026 03:17 AM - CT
Property Last Updated: October 30, 2026 03:17 AM - CT
