401 7TH STREET, PORTLAND, TX 78374

Homes for sale in Portland.

Homes for sale in 78374.


Active

List Price$289,900

401 7th Street

Portland, TX 78374

Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image Listing Image

Listing #479726

7,700

Square Feet

Commercial

Type

About This Property

A block from Portland's NEW 5th & ELM venue in Olde Town, 59 total units make this a great INVESTOR selection, not too large, not too small. Currently it boasts a 90% OCCUPANCY rate, and 10.8% CAP rate from 2025 annual numbers. Most of the tenants have been here for years. With 53 cinder-block units and 6 Trailer units, there is a good variety from small storage to units at 10x10', 10x20', and 10x30' options. Best of all, the maintenance and upkeep is a breeze: there is electricity on the property for security lights, but no water, no climate-controlled units or HVAC systems to maintain, no gas, no open storage. Just simple storage, management, and income made easy, with room to see rent increases over time.

Property Features

Location Information

County

San Patricio

Subdivision

Portland-Portland Tier F

Interior Features

Interior

Storage

Cooling

None

Heating

None

Exterior Features

Stories

1

Lot Size in Acres

0.49

Construction/Exterior

Block

Lot Size in Sq. Ft.

21,375

Exterior

Storage

Dimensions

150 x 142.5

Foundation

Slab

Buildings

3

Possession

Close Of Escrow

Road Description

Asphalt, Paved

Water / Sewer

None

Road Frontage

All Weather Road, City Street

Water

None

Has Waterfront

No

Parking Description

Concrete

Is One Story

Yes

Topography

Level

Additional Information

Roof/Attic

Other

Year Built

1966

Other Utilities

Sewer Not Available, Water Not Available

Status

Active

Property Type

COM

Documents Available

Aerial

Property SubType

Industrial

Square Feet Source

Appraiser

Property SubType 2

Commercial Sale

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Mortgage Calculator

$1,352

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$1,044

Monthly Tax

$241

Monthly Insurance

$67

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

Walk Score

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