Aransas Pass Multifamily Investment
160 N 13th Street Aransas Pass, TX 78336
160 N 13th Street, Aransas Pass, TX, 78336
$775,000
For Sale
$775,000
MULTI_FAMILY - Aransas Pass, TX
Property Size7,124 SF
Lot Size0.74 Acres
Price / SF$108.79
Days on Market58
Property Features for 160 N 13th Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Interior features
- PrimaryDownstairs, CeilingFans
- Exterior features
- Storage
- Appliances
- ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 50767
- Size
- 7,124 SF
- Lot size
- 0.74 Acres
Taxes and HOA fees
- Tax Description
- GILE ADDN LOT 15A, 15B, 16A, 16B
- Tax Annual Amount
- 11334
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1982
- Floors in Building
- 1
- Roof type
- Shingle
- Additional Structures
- Storage
Listing Agency
Vaden MacLeod Real Estate
(361) 523-1494
2756 Main St, Ingleside, TX
Listed by
Autumn MacLeod · License #0609498
(361) 523-1494
Added: May 21 Checked: Jul 17 at 5:06 pm
MLS# 476811
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 is a fully occupied 12-unit multi-unit property located in the Coastal Bend. The property features a mix of 1- and 2-bedroom layouts with central electric heat and air. City utilities are provided throughout. The property is located minutes from Aransas Pass High School, downtown shopping, restaurants, and fishing locations on the Texas coast. The property is located on a 32,340 square foot lot and includes 7,124 building square feet across single-story construction. The property is suitable for investors looking to add a profitable asset to their portfolio.
Key Highlights
- Fully occupied 12‑unit multi‑unit property providing immediate cash flow.
- Prime location near Aransas Pass High School, downtown, restaurants, and fishing.
- Mix of 1- and 2‑bedroom units with central electric heat and air.
Local Financial Insights For Apartment 5plus
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 | $121.4k | $17.04 |
| − Vacancy | −$15.3k | −$2.15 |
| EGI | $106.1k | $14.89 |
| − OpEx | −$47.7k | −$6.70 |
| NOI | $58.4k | $8.19 |
7,124 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$833.6K
$729.4K – $972.6K
NOI $58,354 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.65M
$3.20M – $4.26M
NOI $255,823 @ 7.0% cap · market cap 33.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
South Padre Island ...
Medical Clinic
South Padre Island ...
Pediatrician
NBH Physician Services
Medical Clinic
Dr. Jorge S. ...
Pediatrician
Dharmendra Verma
Physician
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Fully occupied 12-unit property near Aransas Pass High School.
Where is this apartment building located?
The property is located at 160 N 13th Street Aransas Pass, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully occupied 12‑unit multi‑unit property providing immediate cash flow.; Prime location near Aransas Pass High School, downtown, restaurants, and fishing.; Mix of 1- and 2‑bedroom units with central electric heat and air.
