Downtown Corpus Christi Multifamily
1318 N Mesquite Street Corpus Christi, TX 78401
1318 N Mesquite Street, Corpus Christi, TX, 78401
$465,000
For Sale
$465,000
MULTI_FAMILY - Corpus Christi, TX
Property Size2,640 SF
Lot Size0.17 Acres
Price / SF$176.14
Days on Market280
Property Features for 1318 N Mesquite Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- AirFiltration
- Standard status
- Active
- APN
- 054000440090
- Size
- 2,640 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- BEACH BLK 44 LOT 9
- Tax Annual Amount
- 7529
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
Listing Agency
DH Realty Partners Inc
(210) 222-2424
500 N Shoreline Boulevard, Corpus Christi, TX
Listed by
James Magill · License #0675040
(361) 425-1112
Added: Oct 10, 2025 Checked: Jul 16 at 3:06 pm
MLS# 466196
Listing URL
Copyright © 2026 South Texas Multiple Listing Service, LLC. 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.
This well-maintained, furnished multifamily complex is located in downtown Corpus Christi, within the Tax Reinvestment Zone (TIRZ), potentially offering city incentives for redevelopment and investment. The property features three apartments: two 1-bedroom, 1-bath units downstairs and one 3-bedroom, 1-bath unit upstairs, providing income potential or the flexibility to live in one unit and lease the others. Each unit includes vinyl plank flooring, natural light, window blinds, and ceiling fans. The downstairs 1-bedroom units offer fully equipped kitchens with double sinks, gas stoves, and refrigerators. Bathrooms feature pedestal sinks, toilets, and stand-up showers. A large covered front porch is located on the lower level, and a spacious open balcony is accessible from the kitchen and living area of the upstairs unit. Recent improvements include bathroom updates, new countertops, fresh interior and exterior paint, a new backyard deck, and updated light fixtures. The backyard provides space for shared tenant parking, outdoor entertaining, or additional amenities. The property is located within walking distance of downtown restaurants, shops, and waterfront attractions. The lot size is 0.17 acres, and the property size is 2640 square feet.
Key Highlights
- Prime Downtown Corpus Christi location within a Tax Reinvestment Zone (TIRZ), offering potential city incentives.
- Multifamily property with three units providing income potential or owner‑occupancy flexibility.
- Walking distance to downtown restaurants, shops, and waterfront attractions.
Local 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 | $43.7k | $16.56 |
| − Vacancy | −$5.2k | −$1.98 |
| EGI | $38.5k | $14.58 |
| − OpEx | −$11.5k | −$4.37 |
| NOI | $26.9k | $10.20 |
2,640 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$384.9K
$336.8K – $449.0K
NOI $26,940 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$352.4K
$308.4K – $411.2K
NOI $24,670 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trufellen
Hardware & Home Improvement
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Furnished triplex in downtown Corpus Christi with redevelopment potential.
Where is this triplex located?
The property is located at 1318 N Mesquite Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Prime Downtown Corpus Christi location within a Tax Reinvestment Zone (TIRZ), offering potential city incentives.; Multifamily property with three units providing income potential or owner‑occupancy flexibility.; Walking distance to downtown restaurants, shops, and waterfront attractions.
