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462 Halsell Road
Mineral Wells TX 76067 US

$860,000

Active Listing ID 21418862
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8 bed
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9.00 Bath (7 Full , 2 Half)
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Lot: 17.28 Acres
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Triplex

$860,000

Active Listing ID 21418862
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462 Halsell Road Income-Producing Property with Room to Grow! Explore the income potential of this versatile 17.281-acre property, featuring an ag exemption, two ponds, cross-fencing, a private well, and multiple income-producing assets, including three apartments, an 8, 000-square-foot shop, and RV storage with covered and uncovered spaces. The property includes a 3-bedroom, 2-bathroom, 1, 302-square-foot manufactured home with an in-ground pool, carport, a 30-by-40-foot insulated shop, and an additional 750-square-foot shop. The manufactured home, pool, and smaller shops are owner-occupied, but estimated rent potential is around $2, 500 per month. A separate, approximately 8, 000-square-foot insulated and conditioned shop includes two bathrooms and offers potential for commercial use, with estimated potential rent of $3, 500 per month. The apartment area includes two 2-bedroom units and one 1-bedroom unit. Both 2 bed units are rented at $1, 350 per month, and the 1-bedroom apartment is leased for $1, 250 per month. RV storage provides another income stream, with 24 uncovered spaces offered for $50 per month and 18 covered spaces offered for $85 per month. With the manufactured home, large shop, all three apartments, and all RV spaces rented at the stated rates, this property has the potential to generate over $12, 000 per month in gross rental income before expenses, vacancy, and other costs! There's also potential to expand income by converting covered RV spaces into apartments or adding tiny homes, subject to feasibility and applicable approvals. A unique opportunity to combine acreage, existing rental income, and multiple avenues for future growth. Rental figures and income projections are estimates and should be independently verified. There are several different gated entry points that provide individual access to the different sections of the property.

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Property Features

  • Facts
  • Lot Size: 17.28 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Triplex
  • Features
  • Full Bathrooms: 7
  • 1/2 Bathrooms: 2
  • Cooling System: Electric, Central Air
  • Floor Covering: Vinyl, Carpet
  • Roof Type: Metal
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Houston(Elementary)
  • Mineralwel(MiddleSchool)
  • Mineralwel(HighSchool)

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Triplex
  • listprice: 860000
  • unparsedaddress: 462 Halsell Road
  • postalcity: Mineral Wells
  • stateorprovince: TX
  • country: US
  • postalcode: 76067
  • bathroomsfull: 7
  • bathroomshalf: 2
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 17.281
  • lotsizeunits: Acres
  • lotsizearea: 17.281
  • livingarea: 0
  • livingareaunits: Square Feet
  • latitude: 32.808729
  • longitude: -98.166975
  • listagentfullname: Keaton Vaughn
  • listagentemail: keaton@monumentstar.com
  • listagentkey: 3yd-NTREIS-0743257
  • listagentmlsid: 0743257
  • listagentpreferredphone: (214) 705-7827
  • listofficekey: 3yd-NTREIS-MONU01C
  • listofficemlsid: MONU01C
  • disclaimer: Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: NTREIS
  • yearbuilt: 2008
  • countyorparish: Palo Pinto
  • parcelnumber: 562374
  • elementaryschool: Houston
  • highschool: Mineralwel
  • elementaryschooldistrict: Mineral Wells ISD
  • middleorjuniorschooldistrict: Mineral Wells ISD
  • highschooldistrict: Mineral Wells ISD
  • appliances: Dishwasher, ElectricCooktop, ElectricOven
  • cooling: Electric, Central Air
  • constructionmaterials: Rock, Stone
  • flooring: Vinyl, Carpet
  • heating: Central, Electric (Heating)
  • numberofunitstotal: 5
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 9
  • parkingfeatures: Secured, Driveway, Carport, RV, Guest, Boat
  • roof: Metal
  • waterfrontyn: False
  • franchiseaffiliation: None
  • interiorfeatures: OpenFloorplan, CableTv
  • rooms: Bathroom 7, Bedroom 3, Bathroom 1, Bedroom 5, Bedroom 8, Bathroom 6, Bedroom 6, Bathroom 3, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 4, Bathroom 8, Bathroom 9, Bedroom 7, Bathroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • fencing: Fenced, Gate
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -98.16698, 32.808727
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Monument Realty", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"keaton@monumentstar.com", "ListBrokerageCity":"Frisco", "ListBrokerageCountry":"US", "ListBrokerageEmail":"jeff@cheneygroup.com", "ListBrokerageLogoUrl":null, "ListBrokerageName":"Monument Realty", "ListBrokeragePhone":"(214) 705-7827", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"1 Cowboys Way, Ste 571", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":" ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"MONU01C", "ListOfficeCity":"Frisco", "ListOfficeCountry":"US", "ListOfficeEmail":"jeff@cheneygroup.com", "ListOfficePostalCode":null, "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"ResidentialIncome, Mineral Wells, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/435-Gene-Lee-Rd_Mineral-Wells_TX_76067_M84853-79110?f=listhub&s=NTREIS&m=21418862&c=rexren", "MLSModificationTimestamp":"2026-11-03 16:30:53", "Neighborhoods":[], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":7281, "TaxDescription":"Acres: 17.281, AB 1217 TR 14 A BUTLER G#11217-00-0", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
  • GarageSpaces: 5
Listing Changed: 11/3/2026 6:18:26 PM GMT
Source Updated Date: 11/5/2026 12:58:06 AM GMT

Courtesy of: Keaton Vaughn, Monument Realty, keaton@monumentstar.com

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.