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    204 Oleander Dr South Padre Island, TX 78597

    New
    For Sale
    $900,000

    Four-Plex - South Padre Island, TX

    Property size:
    2,805 SF
    Days on Market:
    4
    Last Refresh:
    Dec 6 at 4:06 am

    Property Features for 204 Oleander Dr

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    B
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4
    Bedrooms
    4
    Bathrooms
    4
    Parking features
    Carport, None
    Interior features
    Cabinets-Manufactured, Ceiling Fan(s), Unfurnished
    Exterior features
    Laundry Room
    Appliances
    Refrigerator
    Size
    2,805 SF

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1993
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile
    Building materials
    Frame
    Roof type
    Composition
    Architectural style
    Other

    Patrick McNulty, Broker (956) 572-3191

    Listing agent Glenda George (956) 572-3191

    Listing date Dec 3, 2025

    MLS# 103494 Listing URL

    Copyright © 2025 South Padre Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Income-Generating Fourplex with Storage Units

    This income-generating multi-family building features four well-maintained 1-bedroom, 1-bathroom units and eight incoming producing storage units, offering additional revenue streams and great potential for long-term profitability. Each condo is designed for comfort and functionality. All units are currently occupied, offering immediate rental income. Situated on the bay interior of South Padre Island, the location provides easy access to local amenities and attractions while offering a peaceful, serene environment. The property is zoned B. The property size is 2805 square feet and the lot size is 0 acres. Short-term rentals are permitted, adding flexibility for different leasing strategies, whether for long-term tenants or vacationers seeking a retreat near the bay.
    Location Intelligence

    Current Use by Public Records

    Quadplexes

    Map

    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.228
    Latitude
    26.3706

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    FAQs

    What type of property is this?
    Quadplex - Fourplex with storage units on South Padre Island, Texas.
    Where is this quadplex located?
    The property is located at 204 Oleander Dr South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - Income-generating property with four 1-bedroom/1-bathroom units and eight storage units, all currently occupied.; - Located on the bay interior of South Padre Island, offering a peaceful environment.; - Short-term rentals are permitted, providing flexible leasing options.
    (956) 572-3191
    Request Owner's contact information
    204 Oleander Dr South Padre Island, TX 78597
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    South Padre Island, TX 78597
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 Oleander Dr South Padre Island, TX 78597
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