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    319 W Main St Bishop, TX 78343

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    Sponsored
    For Sale
    $247,000

    MULTI_FAMILY - Bishop, TX

    Property size:
    999 SF
    Lot size:
    0.40 Acres
    Days on Market:
    3
    Last Refresh:
    Mar 21 at 7:06 pm

    Property Features for 319 W Main St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 3, Bedroom 4, Bedroom 6, Bedroom 2, Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 5, Bedroom 3, Bathroom 4
    Bedrooms
    6
    Bathrooms
    4
    APN
    069600340085
    Parking
    8
    Parking features
    Carport, Garage, Off Street, RV
    Interior features
    PrimaryDownstairs, WindowTreatments, CeilingFans
    Exterior features
    DogRun
    Appliances
    GasCooktop, GasOven, GasRange, Refrigerator, RangeHood
    Size
    999 SF
    Lot size
    0.40 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Electric (Heating), Natural Gas
    Cooling system
    Electric, Window Unit(s), Gas (Cooling)
    Water source
    Public

    Building Details

    Year built
    1930
    Floors in Building
    2
    Number of units
    4
    Flooring type
    Tile, Vinyl, Carpet
    Building materials
    Frame, ShingleSiding, VinylSiding, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brenton Reagan
    Brenton Reagan

    Cass Real Estate

    Listing agent Brenton Reagan License #0669077

    Listing date Mar 19, 2026

    MLS# 473120

    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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Income-Producing Multifamily Property

    This turnkey, fully-furnished 4-unit property is currently operating as a successful Airbnb. Situated on 0.40 acres, the property includes 8 parking spaces. It has generated over $40,000 annually across 3 units, each producing over $1,000 per month. The property experiences strong tenant demand due to its proximity to Tesla, Celanese, Texas A&M Kingsville, Naval Air Station Kingsville, and surrounding oil, wind, and military industries. The oversized lots provide added privacy and a large, partially shaded backyard suitable for entertaining, expansion, or additional amenities. The flexible layout allows for multi-generational living or full rental use, with the ability to operate as 3 or 4 separate units. The 4 units are spread across 3 buildings. The Main House Front features 2 bedrooms, 1 updated bathroom, and a spacious upstairs loft area suitable as a 3rd bedroom, office, or media space. The Main House Back is a 1/1 efficiency with a kitchenette and walk-in shower, and can be connected or separated from the main home. A detached unit, "The Cobblers Barn," is a studio efficiency unit offering additional rental income. The fourth unit is a large 1/1 over the garage apartment with a full kitchen. The garage apartment is separately metered for electric, water, and gas, while the remaining units share utilities. Durable vinyl plank and tile flooring are installed throughout for easy maintenance, and window-unit AC systems help keep operational costs low. The property has 999 square feet of space. Additional value-add potential includes use of the oversized garage (with additional storage area) for storage, laundry, or possible 5th unit conversion. This property is ideal for Airbnb investors, house hackers, or buyers seeking strong income with flexibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Restaurant Dental Office Building Supply Auto Repair Shop Big Box & Wholesale Store Bar & Pub Grocery & Convenience Store Grocery & Convenience Store Electrical Service Storage Facility

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Bishop
    County
    Nueces
    State
    Texas
    Longitude
    -97.803558
    Latitude
    27.586268

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    FAQs

    What type of property is this?
    Quadplex - Fully furnished 4-unit property operating as a successful Airbnb.
    Where is this quadplex located?
    The property is located at 319 W Main St Bishop, TX.
    What is the asking price?
    The asking price for this property is $247,000.
    What are key features of this property?
    This property features: - Proven Income-Producing Property: Generates $40K+ annually across 3 units, with potential to increase income.; - Turnkey & Fully Furnished: Ready for immediate operation as an Airbnb or rental property.; - Flexible 4-Unit Layout: Configurable for multi-generational living or full rental use, with potential for a 5th unit.
    (512) 736-2695
    Request Owner's contact information
    319 W Main St Bishop, TX 78343
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    Bishop, TX 78343
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    319 W Main St Bishop, TX 78343
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    We can help!
    Listing Contact
    Brenton Reagan
    Brenton Reagan
    Real Estate License ID: 0669077
    Learn More
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