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    118 Esperanza St South Padre Island, TX 78597

    Sponsored
    For Sale
    $1,049,000

    Duplex - South Padre Island, TX

    Type:Duplex
    Property size:
    3,225 SF
    Days on Market:
    153
    Last Refresh:
    Jan 6 at 11:06 pm

    Property Features for 118 Esperanza St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Duplex
    Standard status
    Active
    Zoning
    B-2
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    8
    Parking
    2
    Parking features
    Driveway, Garage
    Interior features
    Cabinets-Custom, Ceiling Fan(s), Ceilings-Vaulted, Furnished, Garage Door Opener, Jacuzzi/Whirlpool Type, Smoke Detector, Storage, Walk-in Closet, Washer/Dryer Hook-up, Water Softener, Window Treatment
    Exterior features
    None
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Refrigerator, Washer, Washer/Dryer Combo
    Size
    3,225 SF

    Utilities

    Utilities
    Water Available
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1982
    Number of units
    2
    Flooring type
    Tile, Vinyl
    Building materials
    Block, Frame
    Roof type
    Composition
    Architectural style
    Other

    Texas Coast & Country Real Estate (956) 407-9713

    Listing agent Cianna Perez (956) 407-9713

    Listing date Aug 7, 2025

    MLS# 103935 Listing URL

    Copyright © 2026 South Padre Island Board 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

    South Padre Island Duplex Investment

    This duplex is located in a prime area of South Padre Island. The property is fully leased, generating a gross rental income of $5,600 per month with reliable tenants. The investment offers multiple income strategies, including renting each side in full or increasing yield by leasing out the ground-floor studios independently. Each side features private driveways, two-car tandem garages, private entrances, and fenced outdoor areas suitable for short-term, mid-term, or long-term guests. The property has been immaculately maintained and recently updated with full interior repainting and storm-grade shutters. Three of the five A/Cs are less than 18 months old. There is no HOA. Redfin rental estimates reach up to $3,188 per month per unit. Projected 2025 income exceeds $67,000. The property is located one-half block from Butterfly park beach access. The property size is 3,225 square feet and the lot size is 0 acres. The zoning is B-2.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

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

    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
    -97.16775
    Latitude
    26.11685

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    FAQs

    What type of property is this?
    Duplex - Duplex in prime location with multiple income strategies.
    Where is this duplex located?
    The property is located at 118 Esperanza St South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $1,049,000.
    What are key features of this property?
    This property features: - Assumable loan with a very low 2.625% interest rate.; - Prime South Padre Island location, only 1/2 block from beach access.; - Fully leased with $5,600/month gross rental income and reliable tenants.
    (956) 407-9713
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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

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    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
    118 Esperanza St South Padre Island, TX 78597
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