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$420,000

4642 Lackey, Portland, TX, 78374

On MarketInfo
Beds2 Beds
Baths2 Bath
Baths1,470 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$285.71 / sqft
Year BuiltBuilt in 2016

Property Lead Type:

Absentee OwnerHigh EquityMove-In Ready

Highlights

Interior

Bedrooms 2Bedrooms 2
Bathrooms 2Bathrooms 2
Garage AvailableGarage Available

Exterior

Lot Size9.95 acres

Building Information

Year Built2016
Roof Type112
Garage Spaces4

Land Information

APN1314-0090-0000-006
SubdivisionGeo H Paul Subd Cfp Co
Land UseAgriculture / Farming
Legal DescriptionGEO H PAUL SUBD CFP CO, PT W PT SEC 90 (9.95 ACRES)
Census Tract010700
Assessed Land Value$5,950
Assessed Improvement Value$192,822
Assessment Year2025

About this property

Rare opportunity to own nearly 15 acres on the outskirts of town with the convenience of being just minutes from shopping, schools, and amenities. This exceptional 14.29-acre property is fenced and cross-fenced, offering wide-open pasture land ideal for any type of livestock or animals, making it a true turnkey setup for country living. The property features a storage/work barn with electrical outlets already in place, along with a dedicated animal barn complete with five stalls, providing both functionality and flexibility for agricultural or hobby use. The home offers a thoughtfully designed open-concept living, dining, and kitchen area that feels spacious and inviting. The kitchen is a standout with a farmhouse sink, gorgeous countertops with ample prep space, breakfast bar seating for 3–4, and abundant cabinetry with pull-out drawers for maximum storage and efficiency. The living room is elevated by a tall vaulted ceiling and generous can lighting, creating a bright and airy atmosphere. The home includes two bedrooms, with one serving as a versatile flex room—perfect for a bedroom, home office, or secondary living space—along with a full bath featuring a fully tiled walk-in shower and a convenient half bath. A separate laundry room with built-in shelving adds everyday practicality. An impressive and uncommon feature is the four-car garage, connected by a breezeway and equipped with four individual garage doors, allowing easy drive-through access. An additional concrete slab at the rear enhances usability for equipment, trailers, or extra parking. This property offers the best of both worlds—room to roam, work, and raise animals, all while enjoying close proximity to town. Acreage of this size and quality, so conveniently located, is truly hard to find.

Investor Tools

$0Estimated Mortgage Balance
$198,772Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,520 /month
Positive
Cash Flow Estimate:
$840 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$111/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$337
$198,772
2025
$5,950
$192,822
$290,730
No

Tax History

Year
Tax Paid
Assessed Value
2024
$337
$198,772

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$198,772
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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4642 Lackey | Property Details | No Agent List