Triplex with Three Residential
402 Mesquite St. Fulton, TX 78358
For Sale
$749,000
MULTI_FAMILY - Fulton, TX
Property Size3,375 SF
Lot Size0.14 Acres
Price / SF$221.93
Days on Market105
Property Features for 402 Mesquite St.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Zoning
- R-1
- Bedrooms
- 6
- Bathrooms
- 5
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bathroom 5, Bedroom 2, Bathroom 3
- Standard status
- Active
- Size
- 3,375 SF
- Lot size
- 0.14 Acres
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Building materials
- Frame, Slab Foundation
- Roof type
- Composition
Listing Agency:
RE/MAX SECURITY R. E.
(361) 729-2256
Listed By:
Audrey Rosenfield · License #0761349
(713) 299-4280
Added: Apr 11
Changed: Jul 17
Last Checked: Jul 24 at 10:06AM
MLS# 155006
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.
Investment Insights
Based on property information with market context.
This for-sale triplex at 402 Mesquite St., Fulton, TX 78358 includes three residential units: two units with 2 bedrooms and 2 bathrooms, and one unit with 2 bedrooms and 1 bathroom. The property is situated on a 0.1435-acre lot and totals 3,375 square feet.
The home is located about two blocks from Aransas Bay. The property is in Fulton and designated for R-1 zoning.
For buyers seeking a multi-unit setup, the unit mix provides two larger bathroom configurations alongside a single additional unit with a different bath layout, all within one three-unit building.
The home is located about two blocks from Aransas Bay. The property is in Fulton and designated for R-1 zoning.
For buyers seeking a multi-unit setup, the unit mix provides two larger bathroom configurations alongside a single additional unit with a different bath layout, all within one three-unit building.
Key Highlights
- Triplex in Fulton, Texas, positioned just 2 blocks from Aransas Bay
- Unit mix: two 2‑bedroom, 2‑bath units plus one 2‑bedroom, 1‑bath unit
- Roof type: composition roof
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 | $50.6k | $15.00 |
| − Vacancy | −$6.1k | −$1.80 |
| EGI | $44.6k | $13.20 |
| − OpEx | −$13.4k | −$3.96 |
| NOI | $31.2k | $9.24 |
3,375 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$445.7K
$390.0K – $519.9K
NOI $31,196 @ 7.0% cap · market cap 4.17%
Second Best
Apartment 5plus
$394.9K
$345.6K – $460.8K
NOI $27,645 @ 7.0% cap · market cap 3.69%
Theoretical Best
Office A
$1.29M
$1.13M – $1.51M
NOI $90,312 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
FAQs
What type of property is this?
Triplex - Triplex in Fulton, TX with two 2-bed/2-bath units and one 2-bed/1-bath unit under R-1 zoning.
Where is this triplex located?
The property is located at 402 Mesquite St. Fulton, TX.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Triplex in Fulton, Texas, positioned just 2 blocks from Aransas Bay; Unit mix: two 2‑bedroom, 2‑bath units plus one 2‑bedroom, 1‑bath unit; Roof type: composition roof
