Six-Unit Apartment
New
For Sale
$1,049,700
1610 1612 1614 Cimmarron Street, Portland, TX 78374
Residential Income, Portland, TX
Property Size5,462 SF
Lot Size0.70 Acres
Price / SF$192.18
Days on Market1
Property Features for 1610 1612 1614 Cimmarron Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
COMMERCIAL
Parking features
Carport, Assigned
Subdivision
CENTURY TERRACE
Lot features
Corner, Inside Lot, Trees
Elementary school district
GPISD
Middle school district
GPISD
High school district
GPISD
Standard status
Active
Size
5,462 SF
Lot size
0.70 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
unspecified utilities
Amenities
patio
washer/dryer connections
storage closet
Building Details
Floors in Building
1
Number of units
6
Building materials
Brick Veneer, Slab Foundation
Roof type
Composition
Buildings
3
Listing Agency:
SPEARS & COMPANY REAL ESTATE
(361) 790-7653
Listed By:
Phillip Rios · License #0654977
(361) 205-3877
Added: Nov 2
Last Checked: Nov 2 at 10:06PM
MLS# 156320
Copyright © 2026 Rockport Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
The offering comprises three brick duplexes with six apartments totaling 5,462 square feet, 15 bedrooms, and 9 bathrooms. Each building includes a 3-bedroom, 2-bath unit of approximately 1,000 square feet and a 2-bedroom, 1-bath unit of approximately 800 square feet. Built in 1973, the properties have slab foundations; roofs were replaced in 2017–2018. Most apartments have granite counters and tile or vinyl floors. All include washer and dryer connections, a patio, and a two-vehicle carport with a storage closet.
The property occupies 0.703 acres in Portland, within Gregory-Portland ISD and San Patricio County. Five units are tenant occupied, with one vacant. Units are separately metered, and tenants pay utilities. Each duplex is on its own tax parcel; zoning is commercial.
The property occupies 0.703 acres in Portland, within Gregory-Portland ISD and San Patricio County. Five units are tenant occupied, with one vacant. Units are separately metered, and tenants pay utilities. Each duplex is on its own tax parcel; zoning is commercial.
Key Highlights
- Three duplexes with six units, 5,462 square feet, 15 bedrooms, and 9 bathrooms
- Unit mix: three 3‑bedroom, 2‑bath apartments and three 2‑bedroom, 1‑bath apartments
- Five units occupied; one unit vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,740
Cap Rate
4.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,800
$894.8K
Cap Rate 7%
$639,143
$639.1K
Cap Rate 9%
$497,111
$497.1K
Market Conditions
NOI Build-Up for 5,462 SF
Gross rent
$93.1K $17.04/SF
− Vacancy
−$11.7K −$2.15/SF
EGI
$81.3K $14.89/SF
− OpEx
−$36.6K −$6.70/SF
NOI
$44.7K $8.19/SF
Area
San Patricio County, TX
Vacancy
12.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$894,800
Cap Rate 7%
$639,143
Cap Rate 9%
$497,111
Alternative Uses
Best Use
Apartment 5plus
$639.1K
$559.3K – $745.7K
NOI $44,740 @ 7.0% cap · market cap 4.26%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.80M
$2.45M – $3.27M
NOI $196,140 @ 7.0% cap · market cap 18.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
6
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Explore this area
Business Placement
Demographics for 78374, TX
20,281
Population
8,426
Households
2.4
Avg Household Size
35
Median Age
25%
College-Educated
92%
High-School Grad
18.6 sq mi
ZIP Area
1,090
Density / Sq Mi
$81,580
Median Household Income
$43,110
Median Earnings
$1,492
Median Rent
$225,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - Three brick duplexes provide a mix of two- and three-bedroom units, with five apartments occupied and one vacant.
Where is this apartment building located?
The property is located at 1610 1612 1614 Cimmarron Street Portland, TX.
What is the asking price?
The asking price for this property is $1,049,700.
What are key features of this property?
This property features: Three duplexes with six units, 5,462 square feet, 15 bedrooms, and 9 bathrooms; Unit mix: three 3‑bedroom, 2‑bath apartments and three 2‑bedroom, 1‑bath apartments; Five units occupied; one unit vacant
