Six-Unit Brick Multifamily
New
For Sale
$1,049,700
1610 1612 1614 Cimmarron Street, Portland, TX 78374
Residential, Portland, TX
Property Size5,462 SF
Lot Size0.70 Acres
Price / SF$192.18
Days on Market2
Property Features for 1610 1612 1614 Cimmarron Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
COMM
Zoning description
COMM
Bedrooms
15
Bathrooms
9
Full bathrooms
9
Rooms
Bedroom 8, Bathroom 7, Bedroom 9, Bathroom 9, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 6, Bedroom 15, Bedroom 4, Bedroom 3, Bathroom 8, Bedroom 11, Bedroom 5, Bedroom 12, Bathroom 6, Bedroom 10, Bedroom 14, Bedroom 13, Bathroom 4, Bathroom 1, Bedroom 7, Bathroom 2, Bathroom 5
Parking
12
Parking features
Carport, Off Street, Covered, On Street
Patio and Porch features
Patio
Interior features
AirFiltration
Appliances
ElectricOven, ElectricRange, Refrigerator
Subdivision
Portland-Century Terrace #3
Lot features
Corner Lot, Interior Lot
Elementary school
Andrews
Middle school
Gregory Portland
High school
Gregory Portland
Elementary school district
Gregory Portland ISD
Middle school district
Gregory Portland ISD
High school district
Gregory Portland ISD
Standard status
Active
APN
66317
Size
5,462 SF
Lot size
0.70 Acres
Additional Details
Tenant in Place
Yes
Individually Metered Utilities
all utilities
Taxes and HOA fees
Tax Description
CENTURY TERRACE UNIT 3 BLK 1 LOTS 1-3 (DUPLEX APTS.)
Tax Annual Amount
21812
Legal Description
CENTURY TERRACE UNIT 3 BLK 1 LOTS 1-3 (DUPLEX APTS.)
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
washer/dryer connections
patio
Building Details
Year built
1973
Floors in Building
1
Flooring type
Laminate, Vinyl, Tile
Building materials
Brick, HardiplankType, WoodSiding
Roof type
Shingle
Buildings
3
Listing Agency:
Spears & Co Real Estate
(361) 790-7653
Listed By:
Phillip Rios · License #0654977
(361) 205-3877
Added: Nov 1
Last Checked: Nov 2 at 8:06AM
MLS# 484634
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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.
Three brick duplexes comprise this multifamily property, with six units totaling approximately 5,462 square feet on 0.7 acres. The unit mix includes three-bedroom, two-bath residences of approximately 1,000 square feet and two-bedroom, one-bath residences of approximately 800 square feet. In total, the property has 15 bedrooms and 9 bathrooms; five units are occupied and one is vacant. Built in 1973, the buildings received new roofs in 2017–2018. Most units have granite countertops and tile or vinyl flooring, and each includes washer and dryer connections, a patio, and a two-vehicle carport with storage. Units are separately metered, tenants pay all utilities, and each duplex occupies its own tax parcel.
The property is in Portland, San Patricio County, within Gregory-Portland ISD. Public water and sewer serve the site. Zoning is COMM.
The property is in Portland, San Patricio County, within Gregory-Portland ISD. Public water and sewer serve the site. Zoning is COMM.
Key Highlights
- Three duplexes with six units; five are occupied and one is vacant
- 15 bedrooms and 9 bathrooms across approximately 5,462 square feet
- Unit mix: 3‑bedroom, 2‑bath units of 1,000+/- sq ft and 2‑bedroom, 1‑bath units of 800+/- sq ft
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
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See the owner, sales and loan history
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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?
Multifamily property - Five residences are occupied, while one vacant unit offers flexibility within this three-duplex package.
Where is this multifamily property 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; five are occupied and one is vacant; 15 bedrooms and 9 bathrooms across approximately 5,462 square feet; Unit mix: 3‑bedroom, 2‑bath units of 1,000+/- sq ft and 2‑bedroom, 1‑bath units of 800+/- sq ft
