1802 Morgan Avenue, Corpus Christi, TX 78404
MULTI_FAMILY - Corpus Christi, TX
- Added:
- Jan 12, 2026
- Days on Market:
- 148
- Last Refresh:
- Jun 9 at 1:06 am
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 agent James Magill License #0675040 (361) 425-1112
Listing office DH Realty Partners Inc 500 N Shoreline Boulevard, Corpus Christi, TX (210) 222-2424
Listing date Jan 12, 2026
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
- Income‑producing property generating $3,800 per month from fully leased units.
- CG‑2 zoning allows for a wide range of commercial uses and redevelopment potential.
- Upside potential through repositioning residential units to commercial tenants for increased rents.
- Excellent value‑add opportunity for investors.
- Suitable for first‑time investors or portfolio diversification.
- Built in 2017 with metal roof.
Overview
Local 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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.409541
- Latitude
- 27.778452
