CG-2 Zoned Mixed-Use Income
1802 Morgan Avenue Corpus Christi, TX 78404
For Sale
$525,000
MULTI_FAMILY - Corpus Christi, TX
Property Size3,232 SF
Lot Size0.17 Acres
Price / SF$162.44
Days on Market196
Property Features for 1802 Morgan Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Appliances
ElectricCooktop, Refrigerator, Dryer
Standard status
Active
APN
048800040100
Size
3,232 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Description
BAY VIEW #3 LT 10 BLK 4 & ADJ ALLEY
Tax Annual Amount
4833
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
2017
Floors in Building
2
Flooring type
Tile
Roof type
Metal
Listing Agency:
DH Realty Partners Inc
(210) 222-2424
Listed By:
James Magill · License #0675040
(361) 425-1112
Added: Jan 12
Changed: Jun 18
Last Checked: Jul 27 at 10:06AM
MLS# 469858
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 for-sale mixed-use property includes five residential units plus a downstairs commercial/storage space. The building is currently fully leased and is generating $3,800 per month in stated stable income. The total property size is 3,232 square feet on a 0.17-acre lot.
Located at 1802 Morgan Avenue in Corpus Christi, Texas (Nueces County), the property sits in a CG-2 (General Commercial) zoning district. Based on the zoning designation, the commercial component and the overall configuration support a range of commercial uses, which can be relevant for buyers evaluating how to optimize the tenant mix over time.
The current setup may appeal to investors seeking immediate cash flow from an all-occupied mixed-use structure while considering future leasing strategy. With CG-2 zoning offering flexibility, buyers can evaluate repositioning opportunities, including whether to adjust how the residential units are used and leased in order to better align with commercial demand under the applicable zoning framework. This is also a practical fit for first-time investors looking for a manageable, flexible asset that combines residential income with an on-site commercial/storage space.
Located at 1802 Morgan Avenue in Corpus Christi, Texas (Nueces County), the property sits in a CG-2 (General Commercial) zoning district. Based on the zoning designation, the commercial component and the overall configuration support a range of commercial uses, which can be relevant for buyers evaluating how to optimize the tenant mix over time.
The current setup may appeal to investors seeking immediate cash flow from an all-occupied mixed-use structure while considering future leasing strategy. With CG-2 zoning offering flexibility, buyers can evaluate repositioning opportunities, including whether to adjust how the residential units are used and leased in order to better align with commercial demand under the applicable zoning framework. This is also a practical fit for first-time investors looking for a manageable, flexible asset that combines residential income with an on-site commercial/storage space.
Key Highlights
- Income‑producing mixed‑use property with five residential units plus a downstairs commercial/storage space
- All units are fully leased, generating $3,800 per month in stable income
- CG‑2 (General Commercial) zoning supports a wide range of commercial uses
Financial Insights For Retail
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 | $58.2k | $18.00 |
| − Vacancy | −$2.3k | −$0.72 |
| EGI | $55.8k | $17.28 |
| − OpEx | −$16.8k | −$5.18 |
| NOI | $39.1k | $12.10 |
3,232 SF · lease $18.00/SF/yr · vacancy 4.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$558.5K
$488.7K – $651.6K
NOI $39,094 @ 7.0% cap · market cap 7.45%
Second Best
Mixed Use
$467.5K
$409.1K – $545.4K
NOI $32,724 @ 7.0% cap · market cap 6.23%
Theoretical Best
Office A
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 10.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use building with five leased residential units and a downstairs commercial/storage space in CG-2 zoning.
Where is this mixed-use property located?
The property is located at 1802 Morgan Avenue Corpus Christi, TX.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Income‑producing mixed‑use property with five residential units plus a downstairs commercial/storage space; All units are fully leased, generating $3,800 per month in stable income; CG‑2 (General Commercial) zoning supports a wide range of commercial uses
