402 406 408 E Nopal, Rockport, TX 78382
MULTI_FAMILY - ROCKPORT, TX
- Added:
- Apr 27, 2025
- Days on Market:
- 422
- Last Refresh:
- Jun 22 at 5:06 pm
Property Features for 402 406 408 E Nopal
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bathroom 2, Bathroom 1, Bedroom 1, Bedroom 2, Bedroom 3, Bathroom 3
- Parking features
- Paved or Surfaced
- Standard status
- Active
- Size
- 1,933 SF
- Lot size
- 0.19 Acres
Building Details
- Number of units
- 3
- Building materials
- Pier/Beam
- Roof type
- Composition
Listing agent Glenda Merrell License #0751738 (361) 229-5206
Listing office KEY ALLEGRO REAL ESTATE 1798 BAYSHORE DRIVE, Rockport, TX (361) 729-3691
Listing date Apr 27, 2025
Copyright © 2026 Rockport Area Association 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.
HighLights
- Three individual cottages on a corner lot in Rockport, ready to rent
- Vinyl flooring and new roof completed in 2018
- Units 2 and 3 have privacy‑fenced back yards
- Pier‑and‑beam construction with paved/surfaced parking
- Roof type: composition
Overview
Located in Rockport, Texas, the cottages are described as being a short ride from local attractions. The seller notes that beach access, downtown, and the maritime museum are less than 2 miles away.
The layout supports tenants seeking separate living spaces, whether for long-term rentals, vacation stays, or a combination. With two units offering privacy-fenced back yards, the property may also appeal to households that value outdoor separation, and one could potentially live in a single cottage while renting the other two, subject to each tenant’s requirements and the buyer’s intended use under applicable R-2 zoning.
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 | $29.0k | $15.00 |
| − Vacancy | −$3.5k | −$1.80 |
| EGI | $25.5k | $13.20 |
| − OpEx | −$7.7k | −$3.96 |
| NOI | $17.9k | $9.24 |
Alternative Uses
Current Use by Public Records
Map
- City
- Rockport
- County
- Aransas
- State
- Texas
- Longitude
- -97.0574801
- Latitude
- 28.0292963
