Renovated Duplex in Flour
519 Claride Street Corpus Christi, TX 78418
For Sale
$179,900
MULTI_FAMILY - Corpus Christi, TX
Property Size920 SF
Lot Size0.19 Acres
Price / SF$195.54
Days on Market119
Property Features for 519 Claride Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Standard status
Active
APN
248700070065
Size
920 SF
Lot size
0.19 Acres
Taxes and HOA fees
Tax Description
FLOUR BLUFF ESTS NO 2 W/2 LT 6 BLK 7
Tax Annual Amount
1521
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Building Details
Year built
1960
Floors in Building
1
Flooring type
Tile
Roof type
Flat
Listing Agency:
Mr. Real Estate & Associates
(361) 945-5580
Listed By:
Cliff Zarbock · License #0615874
(361) 945-5580
Added: Mar 31
Changed: Jul 17
Last Checked: Jul 27 at 12:06PM
MLS# 474003
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 fully renovated duplex is located in Flour Bluff and offers immediate income with long-term upside potential. Each of the two units includes 1 bedroom and 1 bathroom. The property is currently leased on month-to-month terms at $900 per unit. Rent includes water and trash services. Each unit is individually metered for electricity, which helps control operating costs. The month-to-month leases provide flexibility for an investor to increase rents, adjust terms, or occupy one of the units. Recent renovations have been completed, making this a low-maintenance, income-producing property in a strong rental area. The property size is 920 square feet and the lot size is 0.19 acres. This is a solid opportunity for investors looking for cash flow with the ability to optimize returns.
Key Highlights
- Fully renovated duplex built in 1960 in Flour Bluff
- 2 units; each unit has 1 bed and 1 bath
- Currently leased month‑to‑month at $900 per unit
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 | $13.2k | $14.40 |
| − Vacancy | −$1.6k | −$1.72 |
| EGI | $11.7k | $12.68 |
| − OpEx | −$3.5k | −$3.80 |
| NOI | $8.2k | $8.87 |
920 SF · lease $14.40/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$116.6K
$102.1K – $136.1K
NOI $8,164 @ 7.0% cap · market cap 4.54%
Second Best
Apartment 5plus
$103.1K
$90.2K – $120.3K
NOI $7,217 @ 7.0% cap · market cap 4.01%
Theoretical Best
Office A
$351.7K
$307.7K – $410.3K
NOI $24,619 @ 7.0% cap · market cap 13.68%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Fully renovated duplex for sale, immediate income, long-term upside.
Where is this duplex located?
The property is located at 519 Claride Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $179,900.
What are key features of this property?
This property features: Fully renovated duplex built in 1960 in Flour Bluff; 2 units; each unit has 1 bed and 1 bath; Currently leased month‑to‑month at $900 per unit
