Three-Unit Triplex with
For Sale
$299,500
402 406 408 E Nopal Street, Rockport, TX 78382
MULTI_FAMILY - Rockport, TX
Property Size1,933 SF
Lot Size0.19 Acres
Price / SF$154.94
Days on Market467
Property Features for 402 406 408 E Nopal Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R-2
Zoning description
R-2
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 3, Bathroom 2, Bathroom 1
Patio and Porch features
Deck
Interior features
WindowTreatments
Exterior features
Deck
Appliances
ElectricOven, ElectricRange, FreeStandingRange, GasOven, GasRange, Refrigerator
Subdivision
Smith & Wood
Lot features
Wooded
Elementary school
Fulton
Middle school
RockportFulton
High school
RockportFulton
Elementary school district
RockportFultonISD
Middle school district
RockportFultonISD
High school district
RockportFultonISD
Directions
Pearl to Nopal to Litron; property on corner.
Standard status
Active
APN
5550054015000
Size
1,933 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
SMITH AND WOOD, BLOCK 54, LOT 15 & 16
Tax Annual Amount
4807
Legal Description
SMITH AND WOOD, BLOCK 54, LOT 15 & 16
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Ductless
Water source
Public
Building Details
Year built
1940
Number of units
3
Flooring type
Vinyl
Building materials
WoodSiding
Roof type
Shingle
Listing Agency:
Key Allegro Real Estate
(361) 729-3691
Listed By:
Glenda Merrell · License #0751738
(361) 229-5206
Added: Apr 27, 2025
Changed: Aug 2
Last Checked: Aug 6 at 12:06AM
MLS# 458269
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.
Three individual cottages comprise this three-unit triplex, offered as-is, on a corner lot in Rockport, TX. The homes include vinyl flooring and window treatments, with a deck as an exterior feature. Heating is provided by ductless systems, and cooling includes window units and ductless equipment. The property has public water and public sewer service, and the roof is shingle.
Unit 1 is referenced as the green house. Units 2 (yellow house) and 3 (blue house) have privacy fenced back yards. The roof was replaced in 2018. The property is described as being less than 2 miles from the beach, downtown, and the maritime museum, and within a golf-cart ride of Rockport’s offerings. The layout can support a live-in-and-rent setup or rental-only strategies across the three cottages.
Zoned R-2, this triplex is positioned for long-term rentals, vacation stays, or a mix of both.
Unit 1 is referenced as the green house. Units 2 (yellow house) and 3 (blue house) have privacy fenced back yards. The roof was replaced in 2018. The property is described as being less than 2 miles from the beach, downtown, and the maritime museum, and within a golf-cart ride of Rockport’s offerings. The layout can support a live-in-and-rent setup or rental-only strategies across the three cottages.
Zoned R-2, this triplex is positioned for long-term rentals, vacation stays, or a mix of both.
Key Highlights
- Three individual cottages (Unit 1 green house, Unit 2 yellow house, Unit 3 blue house)
- 0.19‑acre corner lot triplex zoned R‑2
- Roof replaced in 2018
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 |
1,933 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$255.2K
$223.3K – $297.8K
NOI $17,867 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$226.2K
$197.9K – $263.9K
NOI $15,833 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
633
Businesses Nearby
Explore this area
Business Placement
Demographics for 78382, TX
19,432
Population
13,048
Households
1.5
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
79.9 sq mi
ZIP Area
243
Density / Sq Mi
$63,434
Median Household Income
$38,741
Median Earnings
$1,147
Median Rent
$238,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - R-2 zoned three-unit triplex on a corner lot with vinyl flooring, deck, and 2018 roof replacement.
Where is this triplex located?
The property is located at 402 406 408 E Nopal Street Rockport, TX.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Three individual cottages (Unit 1 green house, Unit 2 yellow house, Unit 3 blue house); 0.19‑acre corner lot triplex zoned R‑2; Roof replaced in 2018
