Duplex with Attached
For Sale
$360,000
5053 Middlecoff Circle, Corpus Christi, TX 78413
Residential, Corpus Christi, TX
Property Size3,061 SF
Lot Size0.28 Acres
Price / SF$117.61
Days on Market45
Property Features for 5053 Middlecoff Circle
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 3, Bathroom 2, Bathroom 1
Parking features
Garage, Off Street
Window features
Skylight(s)
Interior features
PrimaryDownstairs, OpenFloorplan, SplitBedrooms, Skylights
Appliances
Dishwasher, ElectricCooktop, RangeHood
Subdivision
Country Club Estates Villa #1
Lot features
Cul De Sac
Elementary school
Club Estates
Middle school
Grant
High school
Carroll
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
190500020020
Size
3,061 SF
Lot size
0.28 Acres
Taxes and HOA fees
Tax Description
COUNTRY CLUB ESTATES VILLA #1 BLK 2 LOT 2
Legal Description
COUNTRY CLUB ESTATES VILLA #1 BLK 2 LOT 2
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced backyard
indoor washer and dryer connections
Building Details
Year built
1977
Floors in Building
1
Number of units
2
Flooring type
Carpet, Vinyl, Tile
Roof type
Shingle
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Angelica Flores · License #0786204
(361) 442-9851
Added: Jul 17
Changed: Aug 27
Last Checked: Aug 30 at 5:06AM
MLS# 479587
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.
This 3,061-square-foot duplex contains two separate residential units, each with a private fenced backyard and an attached 2-car garage. Both units include indoor washer and dryer connections. The first residence has 2 bedrooms, each with a private bathroom, along with a living area and separate dining room. The second provides 3 bedrooms and 2 bathrooms, with an open-concept interior, high ceilings, abundant natural light, a covered patio, and a downstairs primary bedroom complemented by two upstairs bedrooms.
Built in 1977, the property occupies 0.28 acres and includes central heating and cooling, public water, public sewer, and a shingle roof. Interior finishes include tile, carpet, and vinyl flooring. The property is located in Corpus Christi, Texas, within ZIP Code 78413.
Built in 1977, the property occupies 0.28 acres and includes central heating and cooling, public water, public sewer, and a shingle roof. Interior finishes include tile, carpet, and vinyl flooring. The property is located in Corpus Christi, Texas, within ZIP Code 78413.
Key Highlights
- Two‑unit duplex totaling 3,061 square feet on 0.28 acres
- Each unit includes a private fenced backyard and attached 2‑car garage
- One unit offers 2 bedrooms with private bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$28,746
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,920
$574.9K
Cap Rate 7%
$410,657
$410.7K
Cap Rate 9%
$319,400
$319.4K
Market Conditions
NOI Build-Up for 3,061 SF
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.
Gross rent
$46.6K $15.24/SF
− Vacancy
−$5.6K −$1.82/SF
EGI
$41.1K $13.42/SF
− OpEx
−$12.3K −$4.02/SF
NOI
$28.7K $9.39/SF
Area
ZIP 78413
Vacancy
11.97%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$574,920
Cap Rate 7%
$410,657
Cap Rate 9%
$319,400
Alternative Uses
Best Use
Multifamily LT 5
$410.7K
$359.3K – $479.1K
NOI $28,746 @ 7.0% cap · market cap 7.99%
Second Best
Apartment 5plus
$355.7K
$311.2K – $414.9K
NOI $24,896 @ 7.0% cap · market cap 6.92%
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,320 @ 7.0% cap · market cap 22.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
529
Businesses Nearby
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
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?
Duplex - Two distinct units offer private fenced yards, laundry connections, and varied bedroom layouts.
Where is this duplex located?
The property is located at 5053 Middlecoff Circle Corpus Christi, TX.
What is the asking price?
The asking price for this property is $360,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 3,061 square feet on 0.28 acres; Each unit includes a private fenced backyard and attached 2‑car garage; One unit offers 2 bedrooms with private bathrooms
