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    107 W Mars Ln South Padre Island, TX 78597

    For Sale
    $930,000

    Multi Family - South Padre Island, TX

    Type:Multi Family
    Property size:
    2,962 SF
    Lot size:
    0.14 Acres
    Days on Market:
    48
    Last Refresh:
    Dec 6 at 2:06 am

    Property Features for 107 W Mars Ln

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    6764001360001000
    Parking
    6
    Parking features
    Garage
    Size
    2,962 SF
    Lot size
    0.14 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    1975
    Number of units
    5
    Architectural style
    Other

    Veale Properties (956) 897-0070 [email protected]

    Listing agent Carina Veale (956) 897-0070

    Listing date Oct 20, 2025

    MLS# 483662 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Renovated Multifamily Near Bay

    This fully renovated two-story property on South Padre Island presents an opportunity to own four modern apartments and one studio. Located steps from the bay, each unit has been completely reimagined with designer kitchens, featuring sleek wood cabinetry and quartz countertops. The bathrooms showcase spa-like details with statement tile and custom lighting, while light wood flooring and neutral tones create a calm, beach-inspired feel throughout. The property features 5.5 total bathrooms and two garages. Upstairs, a long balcony captures bay views and golden island sunsets. Every system and surface has been updated for longevity and low maintenance, from flooring and fixtures to kitchens, baths, and HVAC, making this a turnkey investment. With a property size of 2962 square feet and situated on a lot of 0.1435 acres, this multi-family property is located in Cameron County, South Padre Island, Texas. This property is intended for use as apartment buildings, multifamily properties, residential income properties, and short term rental properties. This property delivers design, function, and location in the heart of SPI, and is suitable to expand a short-term rental portfolio or secure a multi-unit coastal retreat.
    Property Profile Location Intelligence

    Current Use by Public Records

    Short term rental ...

    Suggested Use

    Restaurant Law Firm Building Supply Realty agency Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.171064
    Latitude
    26.119373

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    FAQs

    What type of property is this?
    Apartment building - Turnkey investment property with modern apartments near the bay.
    Where is this apartment building located?
    The property is located at 107 W Mars Ln South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $930,000.
    What are key features of this property?
    This property features: - Fully renovated property with five units (four apartments and one studio) offering immediate rental income potential.; - Prime location on South Padre Island, steps from the bay.; - Turnkey investment with updated systems (HVAC) and surfaces, ensuring low maintenance.
    (956) 897-0070
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    107 W Mars Ln South Padre Island, TX 78597
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