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$495,000

NAL Estimated Property Value

205 W Broad St, Mansfield, TX, 76063

Off MarketInfo
CommercialInfo
Beds3 Beds
Baths1 Bath
Baths1,816 Sq Ft
Year BuiltBuilt in 1935

Highlights

Interior

Bedrooms 3Bedrooms 3
Bathrooms Full 1Bathrooms Full 1
FlooringLaminate

Exterior

Lot Size16,274 sqft

Building Information

Year Built1935
Stories2

Land Information

APN24750-28-3D
Lot Number3D
SubdivisionMansfield, City Of
Land UseResidential
Legal DescriptionMANSFIELD, CITY OF BLOCK 28 LOT 3D
Census Tract111306
Assessed Land Value$32,550
Assessed Improvement Value$79,059
Assessment Year2025

About this property

You will not want to miss this incredible opportunity with many different uses available. This property is currently used as residential but offers exceptional flexibility, with potential for commercial office space, retail, continued residential use, or even multifamily, subject to applicable guidelines. Located just one property away from the upcoming Water Mill Square development on Broad Street, this site is positioned in the heart of exciting growth. It is only a block from Meehan Steakhouse and all that downtown Mansfield has to offer, making it a highly visible location with strong foot traffic. The property is within walking distance of public parking, dining, shopping, and entertainment, further enhancing its appeal. The possibilities here are truly endless. You can renovate and restore the existing 100-year-old home, preserving its character and charm, or tear it down and build something entirely new that complements the downtown Mansfield aesthetic. Opportunities like this are rare — finding a property with this level of flexibility, visibility, and proximity to downtown Mansfield does not come along often.

Investor Tools

Property Icon
$495,000
Estimated Property Value
$31,399Estimated Mortgage Balance
$463,601Estimated Equity
93% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,000 /month
Positive
Cash Flow Estimate:
$1,000 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$415/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,511
$111,609
2025
$32,550
$79,059
$111,609
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,511
$111,609

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Joseph Byron Green
Unknown
$37,500
No
First
May 11, 2018
Nov 2028

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$31,399
$463,601
93%
6%
$225/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,420/mo
$225/mo
+$2,195/mo
5.9%

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: Mansfield

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205 W Broad St | Property Details | No Agent List