New Construction Quadplex with
For Sale
$1,260,000
13981 Ports O Call Drive, Corpus Christi, TX 78418
Residential, Corpus Christi, TX
Property Size5,636 SF
Lot Size0.19 Acres
Price / SF$223.56
Days on Market30
Property Features for 13981 Ports O Call Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Property condition
Under Construction
Parking features
Garage
Patio and Porch features
Patio
Interior features
OpenFloorplan, KitchenIsland
Exterior features
Landscaping
Appliances
Dishwasher, ElectricOven, ElectricRange, Disposal, Microwave, Refrigerator
Subdivision
Ports O' Call
Lot features
Landscaped
View
Water
Elementary school
Flour Bluff
Middle school
Flour Bluff
High school
Flour Bluff
Elementary school district
Flour Bluff ISD
Middle school district
Flour Bluff ISD
High school district
Flour Bluff ISD
Standard status
Active
APN
698400150190
Size
5,636 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
PORTS O' CALL LOT 19 BLK 15
Legal Description
PORTS O' CALL LOT 19 BLK 15
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
attached garage
private enclosed backyard
Building Details
Year built
2025
Floors in Building
2
Number of units
4
Flooring type
Vinyl
Building materials
HardiplankType
Roof type
Shingle
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Elizabeth Parsley · License #0707070
(361) 816-4527
Added: Aug 1
Changed: Aug 20
Last Checked: Aug 30 at 7:06AM
MLS# 480249
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.
Located at 13981 Ports O Call Drive in Corpus Christi, this 5,636-square-foot quadplex is under construction and includes four two-story townhomes. Each residence contains three bedrooms, 2.5 bathrooms, an attached garage, and a private enclosed backyard. Interior features include open floor plans and kitchen islands, with vinyl flooring, central air, natural gas heating, and a full appliance package. Hardiplank siding, shingle roofing, landscaping, patios, public water, and public sewer are also included.
The property sits near the canals of North Padre Island, with Gulf beaches and waterfront dining described as nearby destinations. The source information identifies multifamily zoning and supports both short-term rental and long-term leasing strategies, while the four-unit layout also allows an owner-occupant arrangement with three additional residences.
The property sits near the canals of North Padre Island, with Gulf beaches and waterfront dining described as nearby destinations. The source information identifies multifamily zoning and supports both short-term rental and long-term leasing strategies, while the four-unit layout also allows an owner-occupant arrangement with three additional residences.
Key Highlights
- Four 2‑story townhomes within one quadplex
- Each unit includes 3 bedrooms and 2.5 bathrooms
- 5,636 square feet on a 0.19‑acre parcel
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
$50,011
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
3.97%
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%
$1,000,220
$1.0M
Cap Rate 7%
$714,443
$714.4K
Cap Rate 9%
$555,678
$555.7K
Market Conditions
NOI Build-Up for 5,636 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
$81.2K $14.40/SF
− Vacancy
−$9.7K −$1.72/SF
EGI
$71.4K $12.68/SF
− OpEx
−$21.4K −$3.80/SF
NOI
$50.0K $8.87/SF
Area
ZIP 78418
Vacancy
11.97%
Lease Rate
$14.40 /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%
$1,000,220
Cap Rate 7%
$714,443
Cap Rate 9%
$555,678
Alternative Uses
Best Use
Multifamily LT 5
$714.4K
$625.1K – $833.5K
NOI $50,011 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$631.6K
$552.7K – $736.9K
NOI $44,215 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,815 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Four townhome-style residences offer private yards, attached garages, and flexible multifamily use near North Padre Island canals.
Where is this quadplex located?
The property is located at 13981 Ports O Call Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Four 2‑story townhomes within one quadplex; Each unit includes 3 bedrooms and 2.5 bathrooms; 5,636 square feet on a 0.19‑acre parcel
