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Days76Days on Market
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$200,000

1005 Barcelona St, Portland, TX, 78374

On MarketInfo
Beds3 Beds
Baths2 Bath
Baths1,196 Sq Ft
price_per_sqft$167.22 / sqft
Year BuiltBuilt in 1976

Property Lead Type:

Must-SellAbsentee OwnerHigh EquityCash BuyersMove-In Ready

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Half 2Bathrooms Half 2
Indoor FireplaceIndoor Fireplace
Garage AvailableGarage Available
HeatingHeating
CoolingCooling
AppliancesDishwasher, Electric Oven, Electric Range, Disposal
FlooringCarpet, Ceramic Tile, Laminate

Exterior

Exterior FeaturesOther
Lot Size7,144 sqft

Building Information

Year Built1976
Roof Type105
Garage Spaces2

Land Information

APN0106-0003-0022-000
Lot Number22
SubdivisionCastillian Heights
Land UseResidential
Legal DescriptionCASTILLIAN HEIGHTS BLK 3 LOT 22
Census Tract010601
Assessed Land Value$36,394
Assessed Improvement Value$139,772
Assessment Year2025

About this property

Turnkey Rental Investment – Stable Cash Flow in Portland, TX!This well-maintained 3-bedroom, 2-bathroom home is a true investor’s gem in the desirable Northshore area of Portland, Texas. The property has been occupied by the same reliable long-term tenant since 2019 — delivering consistent, worry-free income with virtually zero vacancy or turnover issues for over six years.Currently renting below market per month, this turnkey rental offers immediate cash flow and excellent upside potential. Priced for strong value and built-in equity, it’s ideal for savvy investors looking to add to their portfolio or launch their rental business with a proven performer.The home boasts cathedral ceilings, a cozy wood-burning fireplace, and a mix of carpet, ceramic tile, and wood flooring that create a warm, inviting feel. Additional highlights include an attached 2-car garage with opener and central electric heat and air conditioning.Located in the highly regarded Gregory-Portland ISD and minutes from the bay, the property offers easy access to kiteboarding, fishing, boating, and parks.Perfect for experienced investors seeking stable, low-maintenance additions to their holdings or first-time landlords wanting a hassle-free entry into the Gulf Coast rental market.This is a true turnkey investment! Secure steady income from day one in one of Portland’s most appealing suburban locations. Don’t miss this opportunity — call your favorite agent today!

Investor Tools

$0Estimated Mortgage Balance
$198,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,200 /month
Positive
Cash Flow Estimate:
$400 /month

Interested in this property?

Victor Ronje

Real Broker, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$424/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,099
$176,166
2025
$36,394
$139,772
$176,166
No

Tax History

Year
Tax Paid
Assessed Value
2024
$4,099
$176,166

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$208,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Portland

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1005 Barcelona St | Property Details | No Agent List