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South Padre Island, TX Apartment Buildings for Sale

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Concrete Block Apartment Building on Corner Lot
Updated: Feb 13
Concrete Block Apartment Building on Corner Lot

5712 Padre Blvd., South Padre Island, TX 78597

$1,880,000
3,886 sqft 0.26 AC lot
6 fully rented one‑bedroom, one‑bath apartments
Concrete block construction elevated above Padre Blvd
Double‑sized corner lot site with 0.2556 acres
Remarks note more than 11,000 sq ft for expansion or repurposing
Zoned “C”
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Apartment Building with Pool
Updated: Jul 31, 2024
Apartment Building with Pool

134 E Atol St., South Padre Island, TX 78597

$9,950,000
21,600 sqft 0.43 AC lot
Three‑story apartment building with flat roof and block construction
Nine units: four 5‑bedroom/5.5‑bath and five 3‑bedroom/3.5‑bath
0.43‑acre lot with 21,600 square feet
Built in 2024
Balconies plus pool and BBQ area
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Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
Based on your search, we've compiled 15 Potential Opportunities for your consideration. Besides 2 Active listings in South Padre Island, TX, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 5 Off-Market properties to explore as potential leads, plus 4 Land Listings that present a potential for development.

Opportunities in Nearby Cities

Here are 4 Similar properties we found in Nearby Locations for your consideration.

Five-Plex Apartment Building on Corner Lots
Five-Plex Apartment Building on Corner Lots

510 S Musina, Port Isabel, TX 78578

$498,000
2,645 sqft 0.28 AC lot

Fully occupied five-plex zoned MF on two corner lots, across from the city park, with a mix of studios and 3-bedroom housing.

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Waterfront Hotel, Marina and Rentals
Waterfront Hotel, Marina and Rentals

418 W Highway 100, Port Isabel, TX 78578

$9,000,000
25,257 sqft

Multi-use waterfront property with 24 hotel rooms, 13 fully occupied apartments, 28 boat slips, and on-site dining and marine services.

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12-Unit Multifamily Property
12-Unit Multifamily Property

1035 S Central Ave, Brownsville, TX 78521

$640,000

Twelve-unit multifamily complex featuring mature trees, ample parking, and a metal storage shed on S Central Avenue.

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Multi-Building Income Portfolio
Multi-Building Income Portfolio

3724 BOCA CHICA BLVD., Brownsville, TX 78521

$950,000
8,200 sqft

Five commercial buildings with five retail spaces and seven 2-bedroom apartments generating income.

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Potential Development Sites for Consideration

Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

Ocean Springs Highway 90 Land
Ocean Springs Highway 90 Land

Bienville Blvd, Ocean Springs, MS 39564

$675,000
143,748 sqft 3.30 AC lot

3.3 acre commercial land on Highway 90, Ocean Springs.

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Commercial Buildable Land Parcel
Commercial Buildable Land Parcel

801 NW 36th Avenue, Norman, OK 73072

$250,000
0.74 AC lot

Buildable lot with approximately 370 feet of frontage on NW 36th Avenue and soil/engineering testing already completed.

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Buildable Lot for Luxury Condos
Buildable Lot for Luxury Condos

801 36th Ave NW, Norman, OK 73072

$285,000
0.74 AC lot

0.74 acre buildable lot zoned for low-density apartments.

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Waterfront Multifamily Land Parcel
Waterfront Multifamily Land Parcel

141 104TH Avenue, Treasure Island, FL 33706

$2,225,000
0.34 AC lot

Waterfront residential lot on a canal with multifamily zoning allowing up to five units.

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Off-Market Properties in South Padre Island, TX

Consider similar Off-Market properties in South Padre Island, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

106 Corral St
Multifamily properties

106 Corral St, South Padre Island, TX 78597

Value Estimation by Request
4,500 sqft
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102 Atol St
Multifamily properties

102 Atol St, South Padre Island, TX 78597

Value Estimation by Request
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129 Gardenia St
Multifamily properties

129 Gardenia St, South Padre Island, TX 78597

Value Estimation by Request
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5312 Gulf Blvd
Multifamily properties

5312 Gulf Blvd, South Padre Island, TX 78597

Value Estimation by Request
View details
112 Dolphin Ln
Multifamily properties

112 Dolphin Ln, South Padre Island, TX 78597

Value Estimation by Request
3,506 sqft
View details

South Padre Island, TX Apartment Buildings Market Trends and Statistics

Explore 7 apartment buildings for sale in South Padre Island, TX on our real estate platform. These investment opportunities span a total of 25,486 square feet of properties for sale, with an estimated market value of $11,830,000.

Sale prices for two-family homes in South Padre Island, TX start at $1,880,000, averaging $5,915,000, and reaching up to $9,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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Demographics Overview

Population 2,881
Population Growth (5Y) +1.5%
Median Household Income $61,357
College Educated 79.0%

High-Yield Neighborhoods for Investment

Identify South Padre Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

Neighborhood Average Price
78597 $5.9M

Taxes & Financing

Tax Rate (average for all types) 1.29%
Property Tax per SF $3.62 per SF
Tax Rate vs County Average 0.52 pp below county avg
Average Loan-to-Value 65.0%

Listings Trend

New vs delisted commercial listings in Cameron County

New Delisted

Total CRE Inventory on Market (SF)

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