Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Furnished Triplex Near North Beach Title is generated by Realmo AI

    419 Gulfspray Avenue, Corpus Christi, TX 78402

    View on Map
    Claim this Listing
    For Sale
    $365,000

    MULTI_FAMILY - Corpus Christi, TX

    Property size:
    1,060 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $344/SF
    Added:
    Mar 23, 2026
    Days on Market:
    56
    Last Refresh:
    May 17 at 1:06 pm

    Property Features for 419 Gulfspray Avenue

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    4
    Bathrooms
    4
    Rooms
    Bedroom 3, Bathroom 2, Bedroom 1, Bedroom 4, Bathroom 1, Bedroom 2, Bathroom 3, Bathroom 4
    Parking
    6
    Parking features
    On Street
    Patio and Porch features
    Patio, Deck
    Interior features
    WindowTreatments, BreakfastBar
    Exterior features
    Deck
    Fireplace
    1
    Appliances
    ElectricCooktop, ElectricOven, ElectricRange, Refrigerator, RangeHood
    Standard status
    Active
    APN
    105500650115
    Size
    1,060 SF
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Description
    BROOKLYN BLK 65 LOT 11
    Tax Annual Amount
    3400

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air, Electric, Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1975
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Laminate, Vinyl
    Building materials
    Frame, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Diane Gardner

    Listing agent Diane Gardner License #0637379

    Listing office Weichert REALTORS - The Place 1009 Furman Avenue, Corpus Christi, TX

    Listing date Mar 23, 2026

    MLS# 473711 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.

    HighLights

    • 11%+ CAP Rate Investment Opportunity: High return potential with strong cash flow.
    • Furnished Triplex Two Blocks From North Beach: Prime location near attractions.
    • Versatile Rental Potential: Suited for long‑term, short‑term, or vacation rentals.
    • Updated Units: Includes an updated 2‑bedroom unit with central air and granite countertops, plus two updated 1‑bedroom units.
    • New Roof (2022): Recently installed roof ensures low maintenance costs.
    • Proximity to Downtown Corpus Christi: Convenient access to amenities and I‑37.

    Overview

    This furnished triplex is located two blocks from North Beach in Corpus Christi, offering investment potential near the Texas State Aquarium, USS Lexington, and local restaurants. Situated just over the Harbor Bridge from Downtown Corpus Christi, Whataburger Field, the Marina, museums, and I-37, the property includes a new roof installed in 2022. The upstairs unit, approximately 1,060 square feet, features an updated 2-bedroom, 2-bathroom layout with central air, granite countertops, laminate and vinyl flooring, and a wood-burning fireplace. Walkway decks surround the upper level. The two downstairs units are updated 1-bedroom, 1-bathroom layouts with hard-surface flooring and tiled walk-in showers. These units have been rented on a week-to-week basis to project workers and offer income upside as short-term or vacation rentals. The North Beach Canal Project, if completed as planned, is expected to enhance the area's value. The property, situated on a 0.11-acre lot, is suitable for expanding a rental portfolio, operating a short-term rental business, or personal use with rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Gym & Fitness Center Food Market Storage Facility Bar & Pub Grocery & Convenience Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.385686
    Latitude
    27.828067

    Nearby Similar for Sale

    • $495,000
      5,663 SF

      Auto Shop on Port Avenue

      Commercial property ideal for auto body shop or investor.
      610 N Port Avenue, Corpus Christi, TX 78408
      View Details
    • $759,900
      5,184 SF

      Versatile Income-Producing Commercial Property

      Industrial and office property on a prominent corner lot.
      3801 Saturn, Corpus Christi, TX 78413
      View Details
    • $850,000
      6,603 SF

      High-Visibility Commercial Property on Staples

      0.97-acre property with redevelopment potential on a high-traffic thoroughfare.
      5918 S Staples Street, Corpus Christi, TX 78413
      View Details
    • $900,000
      6,146 SF

      Renovated Commercial Building, Corpus Christi

      Turnkey, renovated commercial building suitable for daycare, medical, or office use.
      10102 S Padre Island Drive, Corpus Christi, TX 78418
      View Details
    • $1,000,000
      7,170 SF

      Prime Commercial Building on Everhart

      7,170 SF commercial building in a high-traffic Corpus Christi location.
      4929 Everhart, Corpus Christi, TX 78411
      View Details
    • $1,675,000
      12,442 SF

      Flour Bluff Commercial Opportunity

      Commercial property with office buildings and a large warehouse/shop.
      2248 Flour Bluff Drive, Corpus Christi, TX 78418
      View Details
    • $1,995,000
      7,200 SF

      High-Visibility Corner Commercial Building

      Freestanding building with showroom, mezzanine, and ample parking.
      2818 Rodd Field Road, Corpus Christi, TX 78414
      View Details
    • $385,000
      1,938 SF

      Turn-Key Restaurant Building For Sale

      Fully built-out restaurant with complete commercial kitchen in Corpus Christi.
      602 Nas Drive, Corpus Christi, TX 78418
      View Details
    • $3,500,000
      6,670 SF

      Operating Restaurant on SPID Frontage

      Income-producing restaurant with development upside in high-traffic location.
      1949 S Padre Island Drive, Corpus Christi, TX 78416
      View Details
    • $4,120,000
      8,640 SF

      Padre Island Retail Opportunity

      Prime retail/restaurant space with high visibility on Padre Island.
      15201 S Padre Island Drive, Corpus Christi, TX 78418
      View Details
    • $395,000
      2,583 SF

      Prime Commercial Property Opportunity

      High-traffic location near downtown, ideal for restaurant, retail, or office.
      1124 Ayers Street, Corpus Christi, TX 78404
      View Details
    • $1,200,000
      3,000 SF

      Waterfront Restaurant Opportunity

      Remodeled waterfront restaurant on the Intracoastal Waterway in Corpus Christi.
      4242 Laguna Shores, Corpus Christi, TX 78418
      View Details

    FAQs

    What type of property is this?
    Triplex - Furnished triplex near the beach with strong income potential.
    Where is this triplex located?
    The property is located at 419 Gulfspray Avenue Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $365,000.
    What are key features of this property?
    This property features: 11%+ CAP Rate Investment Opportunity: High return potential with strong cash flow.; Furnished Triplex Two Blocks From North Beach: Prime location near attractions.; Versatile Rental Potential: Suited for long‑term, short‑term, or vacation rentals.
    (573) 280-4345
    We can help!
    Listing Contact
    Diane Gardner
    Real Estate License ID: 0637379
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    419 Gulfspray Avenue, Corpus Christi, TX 78402
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!