1 / 210-Unit Multifamily in Portland, TX
San Patricio County, TX · listed Jan 28, 2026 (273 days)
- $/unit
- $132,500
- ▲ 44% vs TX · 70th pct
- Cap rate
- 6.3%
- ▼ 1.1 pts vs TX median
- NOI
- $81K
- $8,100/unit/yr
- Units
- 10
- 1 bldg · 1966
Financials
- Asking price
- $1,325,000
- Price per unit
- $132,500
- Price per sq ft
- $158
- Gross rent / year
- Not stated
- Net operating income
- $81,000
- NOI per unit
- $8,100
- Cap rate
- 6.3%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 10
- Unit mix
- 2x 1-bedroom units and 8x 2-bedroom units
- Buildings
- 1
- Year built
- 1966
- Building size
- 8,400 sq ft
- Avg unit size
- 840 sq ft
- Lot size
- 0.27 acres
- Condition
- Stabilized
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jan 28, 2026
- Days on market
- 273 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1372
About this property
Property Description: Welcome to Crescent Village Apartments —
A charming and well-located community in the heart of Portland’s North Bay area.
This quaint apartment complex offers a relaxed living experience with comfortable 1–2-bedroom layouts and thoughtful interior features, including island kitchens, dishwashers, and refrigerators. Residents enjoy a peaceful neighborhood just minutes from local conveniences, including shopping centers, restaurants, and recreational spots, while remaining close to Downtown Portland and with easy access to Corpus Christi via Highway 181.
Whether you’re a first-time renter or seeking a cozy place to call home near the coast, Crescent Village provides a welcoming community with easy access to everything the area has to...
Office Comments: Please call DDCortez at for any other information you need.
Welcome to Crescent Village Apartments, a charming North Bay community in Portland
Highlights
- Multi-family, 10-unit established apartment
- Higher NOI percentage and Lower expenses than average
- Enjoys high occupancy and enticing rates for Tenants
- Good central location near major highway and less than 5 minutes from so many amenities
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Corpus Christi, TXNew | $1.09M | $91K$91K | — |
 Corpus Christi, TXNew | $679K | $97K$97K | — |
 Corpus Christi, TXValue-add | $375K | $75K$75K | — |
 Corpus Christi, TX▼ 3% cut | $320K | $64K$64K | — |
 Corpus Christi, TXNew | $975K | $41K$41K | — |
 Corpus Christi, TX▼ 12% cutOwner financingStabilized | $4.4M | $100K$100K | — |