Tri-Plex with Heated Pool & Hot
For Sale
$949,000
125 E Huisache St., South Padre Island, TX 78597
MULTI_FAMILY - South Padre Island, TX
Property Size3,883 SF
Lot Size0.14 Acres
Price / SF$244.40
Days on Market176
Property Features for 125 E Huisache St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B
Bedrooms
6
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 4, Bathroom 7, Bedroom 5, Bathroom 3, Bathroom 2, Bedroom 1, Bathroom 6, Bathroom 5, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 6
Parking features
Garage - Attached
Patio and Porch features
Patio, Deck
Interior features
Cabinets-Manufactured, Ceiling Fan(s), Garage Door Opener, Kitchen Island, Storage, Washer/Dryer Hook-up
Exterior features
Balcony, Deck, Fence, Hot Tub, Patio - Covered, Pool-Heated, Private Yard, Water View
Fencing
Fenced
Appliances
Dishwasher, Microwave, Refrigerator, Stove, Washer/Dryer
Subdivision
Padre Beach Sec VII
Lot features
Gulf Interior, Gulf View
Elementary school district
Point Isabel ISD
Middle school district
Point Isabel ISD
High school district
Point Isabel ISD
Standard status
Active
Size
3,883 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11616
Amenities
Heated & Chilled Pool
Hot Tub
Outdoor Showers
Building Details
Year built
1997
Floors in Building
3
Number of units
3
Flooring type
Tile
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Palm Breeze Real Estate LLC
(956) 433-5333
Listed By:
Tony Altermatt · License #0691496
(956) 617-1940
Added: Feb 13
Changed: Aug 3
Last Checked: Aug 8 at 10:06PM
MLS# 104873
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.
Investment Insights
Based on property information with market context.
Tri-plex at 125 E Huisache St. built in 1997 on a 0.1435-acre lot. The property is set up as three separate units, each with distinct outdoor space and utility separation. Three separate garages with covered parking provide on-site convenience, and the property also includes outdoor showers.
A heated and chilled pool, hot tub, and multiple deck and patio areas support a relaxed island lifestyle. Unit A (North) is a 2-bedroom, 2-bath layout with a spacious private covered deck. Unit B (Bottom South) is a 2-bedroom, 2-bath unit with direct access to the pool area. Unit C (Top South) is a 2-level, 2-bedroom, 2.5-bath unit with a large kitchen, built-in bar, and two private decks, including ocean views from the third level. All units are supported by three separate water and electric meters, supporting flexible use for long-term rentals.
Zoned B, the building totals 3,883 square feet and is described as being on the east side of South Padre Island, just a short stroll from the beach.
A heated and chilled pool, hot tub, and multiple deck and patio areas support a relaxed island lifestyle. Unit A (North) is a 2-bedroom, 2-bath layout with a spacious private covered deck. Unit B (Bottom South) is a 2-bedroom, 2-bath unit with direct access to the pool area. Unit C (Top South) is a 2-level, 2-bedroom, 2.5-bath unit with a large kitchen, built-in bar, and two private decks, including ocean views from the third level. All units are supported by three separate water and electric meters, supporting flexible use for long-term rentals.
Zoned B, the building totals 3,883 square feet and is described as being on the east side of South Padre Island, just a short stroll from the beach.
Key Highlights
- 0.1435‑acre tri‑plex lot with 3,883 SF building area
- Heated and chilled pool plus hot tub
- Three separate garages with covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,720
$640.7K
Cap Rate 7%
$457,657
$457.7K
Cap Rate 9%
$355,956
$356.0K
Market Conditions
NOI Build-Up for 3,883 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$48.9K $12.60/SF
− Vacancy
−$3.2K −$0.81/SF
EGI
$45.8K $11.79/SF
− OpEx
−$13.7K −$3.54/SF
NOI
$32.0K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,720
Cap Rate 7%
$457,657
Cap Rate 9%
$355,956
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 3.10%
Theoretical Best
Healthcare Medical
$668.6K
$585.0K – $780.0K
NOI $46,801 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 78597, TX
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
282
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Tri-plex with heated pool, hot tub, three attached garages, and separate utility meters; zoned B.
Where is this triplex located?
The property is located at 125 E Huisache St. South Padre Island, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 0.1435‑acre tri‑plex lot with 3,883 SF building area; Heated and chilled pool plus hot tub; Three separate garages with covered parking
