Beachside Duplex with Three
129 E Gardenia Ave. South Padre Island, TX 78597
New
For Sale
$599,000
MULTI_FAMILY - South Padre Island, TX
Property Size5,250 SF
Lot Size0.14 Acres
Price / SF$114.10
Days on Market4
Property Features for 129 E Gardenia Ave.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bathroom 1, Bedroom 3, Bedroom 4, Bedroom 2, Bedroom 6, Bedroom 1, Bedroom 5, Bathroom 3, Bathroom 4, Bathroom 2
- Parking features
- Garage - Attached, Covered
- Interior features
- Ceiling Fan(s), Washer/Dryer Hook-up
- Exterior features
- Balcony
- Appliances
- Stove
- Standard status
- Active
- Size
- 5,250 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2182
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Number of units
- 2
- Flooring type
- Tile
- Building materials
- Vinyl Siding
- Roof type
- Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Deldi Ortegon Group
(956) 648-6831
Added: Jul 21
Last Checked: Jul 24 at 2:06AM
MLS# 106559
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.
For sale: a spacious duplex in South Padre Island featuring two separate units. Each unit includes 3 bedrooms, 2 full bathrooms, a full kitchen, generous closet space, and a functional layout. The home is designed for outdoor enjoyment with three balconies total, and it also includes a large backyard with plenty of room to add a pool, outdoor lounge area, or other entertainment space.
Located in South Padre Island, the property is described as being just steps from the beautiful beaches, making it suitable for coastal living or a variety of rental use cases.
The property is listed in zoning R and sits on a 0.1435-acre lot with approximately 5,250 square feet of total building area.
Located in South Padre Island, the property is described as being just steps from the beautiful beaches, making it suitable for coastal living or a variety of rental use cases.
The property is listed in zoning R and sits on a 0.1435-acre lot with approximately 5,250 square feet of total building area.
Key Highlights
- Spacious duplex built in 1970, made with vinyl siding and a composition roof
- Each unit features 3 bedrooms and 2 full bathrooms with a full kitchen and functional layout
- Appliances include a stove, with washer/dryer hook‑up and ceiling fan(s)
Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.2k | $12.60 |
| − Vacancy | −$4.3k | −$0.81 |
| EGI | $61.9k | $11.79 |
| − OpEx | −$18.6k | −$3.54 |
| NOI | $43.3k | $8.25 |
5,250 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$618.8K
$541.4K – $721.9K
NOI $43,314 @ 7.0% cap · market cap 7.23%
Second Best
Apartment 5plus
$567.4K
$496.5K – $662.0K
NOI $39,721 @ 7.0% cap · market cap 6.63%
Theoretical Best
Healthcare Medical
$904.0K
$791.0K – $1.05M
NOI $63,277 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two units each offer 3 bedrooms and 2 full baths, plus three balconies and a large backyard.
Where is this duplex located?
The property is located at 129 E Gardenia Ave. South Padre Island, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Spacious duplex built in 1970, made with vinyl siding and a composition roof; Each unit features 3 bedrooms and 2 full bathrooms with a full kitchen and functional layout; Appliances include a stove, with washer/dryer hook‑up and ceiling fan(s)
