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    4841 Highway 35 N Rockport, TX 78382

    For Sale
    $850,000

    MULTI_FAMILY - Rockport, TX

    Property size:
    7,456 SF
    Lot size:
    1.02 Acres
    Days on Market:
    208
    Last Refresh:
    Dec 13 at 2:06 pm

    Property Features for 4841 Highway 35 N

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bedroom 1, Bathroom 5, Bedroom 6, Bedroom 11, Bedroom 9, Bathroom 1, Bathroom 8, Bedroom 7, Bedroom 14, Bedroom 15, Bedroom 2, Bathroom 4, Bedroom 13, Bathroom 2, Bedroom 4, Bedroom 8, Bathroom 3, Bedroom 5, Bathroom 7, Bedroom 10, Bathroom 6, Bedroom 16, Bedroom 3, Bedroom 12
    Bedrooms
    16
    Bathrooms
    8
    APN
    2249070300000
    Parking
    32
    Patio and Porch features
    Patio
    Interior features
    OpenFloorplan, WindowTreatments, CeilingFans
    Exterior features
    Storage
    Appliances
    Dishwasher, ElectricOven, ElectricRange, Microwave, Dryer, Washer
    Size
    7,456 SF
    Lot size
    1.02 Acres

    Utilities

    Heating system
    Electric (Heating), Central
    Cooling system
    Electric, Central Air
    Water source
    Public

    Building Details

    Year built
    1984
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl, Carpet
    Building materials
    Brick, WoodSiding
    Roof type
    Metal
    Additional Structures
    Storage

    AustinSA Real Estate Services (512) 805-8226

    Listing agent Margaret Jones (512) 757-2950 License #0518862

    Listing date May 20, 2025

    MLS# 459319 Listing URL

    Copyright © 2025 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.

    Overview

    Updated 8-Unit Apartment Building

    This is an exceptionally maintained and updated 8-unit apartment building. All units are currently rented with stable tenants. The owner occupies one unit, with options for leasing back, vacating, or leasing prior to closing. Rents were recently increased, with potential for further increases to align with current market rates. All AC units have been replaced within the last 4 years. The roof and back awning are rated WP8 at 160 mph. All windows have been replaced with shatterproof glass. Quartz counters and updated cabinets were installed in all units in 2018. Each unit is equipped with appliances, including a built-in microwave, refrigerator with ice maker, electric range, dishwasher, and combo washer/dryer. The property is situated on a 1.02-acre lot. The building has 7,456 square feet of space. The price is based on a 9.36% cap rate.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Realty agency Law Firm Gym & Fitness Hotel & Motel Kitchen & Bath Cafe & Coffee Shop Car Rental Computer & Electronic Repair Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockport
    County
    Aransas
    State
    Texas
    Longitude
    -97.035381
    Latitude
    28.094536

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained Rockport apartment building with stable tenants and recent updates.
    Where is this apartment building located?
    The property is located at 4841 Highway 35 N Rockport, TX.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Stable, fully rented 8-unit apartment building with potential for further rent increases.; - High cap rate of 9.36% provides a strong return on investment.; - Significant recent upgrades including new AC units and shatterproof windows.
    (512) 757-2950
    Request Owner's contact information
    4841 Highway 35 N Rockport, TX 78382
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    Rockport, TX 78382
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    Realmo Value Estimation

    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.

    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.

    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
    4841 Highway 35 N Rockport, TX 78382
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