Coastal Income Duplex
15318 Cruiser Street, Corpus Christi, TX 78418
- Added:
- Apr 6, 2026
- Days on Market:
- 59
- Last Refresh:
- Jun 3 at 2:06 am
Property Features for 15318 Cruiser Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 6, Bathroom 3, Bedroom 5, Bathroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
- Parking
- 3
- Parking features
- Garage
- Patio and Porch features
- Deck, Patio
- Interior features
- CathedralCeilings, PrimaryDownstairs, OpenFloorplan, CableTv, WindowTreatments, BreakfastBar, CeilingFans
- Exterior features
- Deck
- Appliances
- RangeHood
- Standard status
- Pending
- APN
- 612902150050
- Size
- 2,801 SF
- Lot size
- 0.22 Acres
Taxes and HOA fees
- Tax Description
- PADRE ISLAND #4 BLK 215 LOT 5
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1998
- Floors in Building
- 2
- Number of units
- 2
- Flooring type
- Tile, Carpet
- Building materials
- Brick
- Roof type
- Shingle
Listing agent Kimberly Zill License #0769283 (361) 558-5577
Listing office Coldwell Banker Pacesetter Steel 5034 Holly Road, Corpus Christi, TX (361) 992-9231
Listing date Apr 6, 2026
MLS# 474530
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.
HighLights
- Coastal duplex at 15318 Cruiser St, Corpus Christi (North Padre Island), built in 1998
- Each unit (A & B) features 3 bedrooms and 2 full bathrooms with a mirror‑image layout
- Open‑concept living, dining, and kitchen areas in both units
- Central heating and central air with electric heating; shingle roof and brick construction
- Low‑maintenance exterior with deck/patio options and garage parking
- 2018 roof plus additional updates reported
Overview
This duplex offers a practical, tenant-friendly setup with two mirror-image units. Each side includes three bedrooms, two full bathrooms, and an open-concept living, dining, and kitchen layout designed to support comfortable day-to-day living. The property also benefits from an updated roof installed in 2018, along with multiple additional improvements, aiming to reduce near-term maintenance and ownership effort. With two distinct income streams under one roof, the arrangement can support a range of investment approaches.
Located at 15318 Cruiser Street in Corpus Christi, the home is positioned just minutes from the beach and within a North Padre Island area that’s described as having strong rental demand in nearby beach and canal communities. This context may appeal to operators seeking consistent occupancy from guests or long-term residents who prefer a coastal lifestyle. The property sits on a 0.22-acre lot with a total size of 2,801 square feet.
From a leasing or ownership standpoint, the unit mix and layout flexibility make this duplex well-suited for long-term rentals, short-term vacation income, or an owner-occupant strategy where one unit can help offset expenses. For buyers expanding a portfolio, the combination of a two-unit structure, recent roof replacement, and a coastal demand narrative supports a straightforward path to generating cash flow.
Located at 15318 Cruiser Street in Corpus Christi, the home is positioned just minutes from the beach and within a North Padre Island area that’s described as having strong rental demand in nearby beach and canal communities. This context may appeal to operators seeking consistent occupancy from guests or long-term residents who prefer a coastal lifestyle. The property sits on a 0.22-acre lot with a total size of 2,801 square feet.
From a leasing or ownership standpoint, the unit mix and layout flexibility make this duplex well-suited for long-term rentals, short-term vacation income, or an owner-occupant strategy where one unit can help offset expenses. For buyers expanding a portfolio, the combination of a two-unit structure, recent roof replacement, and a coastal demand narrative supports a straightforward path to generating cash flow.
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 | $40.3k | $14.40 |
| − Vacancy | −$4.8k | −$1.72 |
| EGI | $35.5k | $12.68 |
| − OpEx | −$10.7k | −$3.80 |
| NOI | $24.9k | $8.87 |
2,801 SF · lease $14.40/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$355.1K
$310.7K – $414.2K
NOI $24,854 @ 7.0% cap · market cap 5.12%
Second Best
Apartment 5plus
$313.9K
$274.7K – $366.2K
NOI $21,974 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$1.07M
$936.9K – $1.25M
NOI $74,953 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.224569
- Latitude
- 27.60094
Nearby Similar for Sale
FAQs
What type of property is this?
Duplex - Two mirror-image units with open-concept living and three bedrooms each, offering flexible long- or short-term income potential.
Where is this duplex located?
The property is located at 15318 Cruiser Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $485,000.
What are key features of this property?
This property features: Coastal duplex at 15318 Cruiser St, Corpus Christi (North Padre Island), built in 1998; Each unit (A & B) features 3 bedrooms and 2 full bathrooms with a mirror‑image layout; Open‑concept living, dining, and kitchen areas in both units
