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$299,000

1117 Marion St, Port Neches, TX, 77651

On MarketInfo
Beds5 Beds
Baths2 Bath
Baths1,675 Sq Ft
price_per_sqft$178.51 / sqft
Year BuiltBuilt in 1962

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 5Bedrooms 5
Bathrooms 2Bathrooms 2
CoolingCooling
AppliancesDishwasher
FlooringLaminate, Vinyl, Wood

Exterior

Lot Size16,875 sqft

Building Information

Year Built1962
Stories1

Land Information

APN004900-000-012300-00000
Lot Number3
SubdivisionBigelow
Land UseResidential
Legal DescriptionBIGELOW LOT 3 N75 BLK 13
Census Tract010800
Assessed Land Value$97,538
Assessed Improvement Value$152,284
Assessment Year2025

About this property

Turnkey investment opportunity in the heart of Port Neches! Ideally located just off Port Neches Avenue and directly behind Avenue Ax, this income-producing property is perfectly positioned near major employers, shopping, and dining. The property features a 5-bedroom main home plus a separate 3-bedroom garage apartment, with all bedrooms leased individually in a proven short- and mid-term rental model. Rooms currently generate approximately $675–$825 per month. Sold fully furnished, the property offers updated interiors, inviting shared common spaces, ample parking, and immediate income potential. Whether you're looking to expand your portfolio or invest in a high-demand rental market, this property is a rare opportunity for the savvy investor.

Investor Tools

$162,172Estimated Mortgage Balance
$119,828Estimated Equity
42% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,794 /month
Positive
Cash Flow Estimate:
$598 /month

Interested in this property?

Tim Williams

Keller Williams Elite

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$662/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,531
$249,822
2025
$97,538
$152,284
$249,822
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,531
$249,822

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Bbva Usa
Conventional
$180,000
No
First
May 27, 2021
Jun 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$162,172
$119,828
42%
58%
$1,080/mo

City: Port Neches

1117 Marion St | Property Details | No Agent List