Four-Unit Efficiency Apartment
3520 Lou Street Corpus Christi, TX 78405
3520 Lou Street, Corpus Christi, TX, 78405
$210,000
For Sale
$210,000
MULTI_FAMILY - Corpus Christi, TX
Property Size1,797 SF
Lot Size0.17 Acres
Price / SF$116.86
Days on Market246
Property Features for 3520 Lou Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 4, Bedroom 5, Bathroom 1, Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 1, Bedroom 2, Bathroom 3, Bathroom 4
- Parking
- 4
- Parking features
- Off Street
- Exterior features
- Garden
- Appliances
- ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 500000040240
- Size
- 1,797 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- MEADOW PARK BLK 4 LOT 24
- Tax Annual Amount
- 2863
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Flooring type
- Unfinished, Hardwood, Laminate
- Building materials
- Frame, ShingleSiding
- Roof type
- Shingle
Listing Agency
Kessling Services
(361) 857-6789
4437 Dolphin, Corpus Christi, TX
Listed by
Joseph Kessling · License #0216749
(361) 548-9190
Added: Nov 14, 2025 Checked: Jul 18 at 12:06 am
MLS# 467811
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 four-unit multifamily property features three free-standing efficiency apartments with kitchenettes and appliances, along with convenient parking and backyard space. Each efficiency unit is served by a split air conditioning system.
The fourth unit provides a more spacious layout with three bedrooms and two split air conditioning systems. Public remarks indicate the properties show well.
As currently reported, total rent from all units is $2,900 per month. The offering includes a compact lot size of 0.17 acres and a property size of 1,797 square feet, located at 3520 Lou Street in Corpus Christi, Texas.
The fourth unit provides a more spacious layout with three bedrooms and two split air conditioning systems. Public remarks indicate the properties show well.
As currently reported, total rent from all units is $2,900 per month. The offering includes a compact lot size of 0.17 acres and a property size of 1,797 square feet, located at 3520 Lou Street in Corpus Christi, Texas.
Key Highlights
- Three free‑standing efficiency apartments with kitchenettes, plus a fourth unit with 3 bedrooms and 2 split systems
- Total current rent from all units is $2,900/mo
- Each unit features split ductless A/C systems
Local Financial Insights For Multifamily LT 5
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 | $29.8k | $16.56 |
| − Vacancy | −$3.6k | −$1.98 |
| EGI | $26.2k | $14.58 |
| − OpEx | −$7.9k | −$4.37 |
| NOI | $18.3k | $10.20 |
1,797 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$239.9K
$209.9K – $279.9K
NOI $16,793 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$427.6K
$374.1K – $498.9K
NOI $29,931 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Four free-standing units include three efficiency apartments and one three-bedroom unit with split air conditioning and convenient parking.
Where is this quadplex located?
The property is located at 3520 Lou Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $210,000.
What are key features of this property?
This property features: Three free‑standing efficiency apartments with kitchenettes, plus a fourth unit with 3 bedrooms and 2 split systems; Total current rent from all units is $2,900/mo; Each unit features split ductless A/C systems
