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    5712 Padre Blvd South Padre Island, TX 78597

    For Sale
    $1,880,000

    Other-See Remarks - South Padre Island, TX

    Property size:
    3,886 SF
    Days on Market:
    266
    Last Refresh:
    Dec 10 at 5:06 pm

    Property Features for 5712 Padre Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    C
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Bedrooms
    6
    Bathrooms
    6
    Interior features
    Cabinets-Manufactured, Ceiling Fan(s), Smoke Detector, Unfurnished, Washer/Dryer Hook-up
    Exterior features
    None
    Appliances
    Dryer, Washer/Dryer Combo
    Size
    3,886 SF

    Utilities

    Cooling system
    Central Air, Electric

    Building Details

    Year built
    1981
    Floors in Building
    2
    Number of units
    6
    Flooring type
    Tile
    Building materials
    Block, Stucco
    Roof type
    Flat
    Architectural style
    Other

    NextHome on the Coast (956) 299-3695

    Listing agent Tony Altermatt (956) 433-5333

    Listing date Mar 20, 2025

    MLS# 103409 Listing URL

    Copyright © 2025 South Padre Island Board 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.

    Overview

    South Padre Island Investment Opportunity

    This investment property is located on South Padre Island and offers various development options. Situated on a double-sized corner lot, the property provides over 11,000 square feet of space. The existing concrete block building is elevated above Padre Blvd and contains 6 one-bedroom, one-bathroom apartments. These apartments are fully rented and feature modern amenities and recent upgrades, with a strong rental history. The property's commercial zoning allows for adding more rental units or exploring alternative commercial ventures. The building has a living area of 3886 square feet. The lot size is 0 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Restaurant Law Firm Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    South Padre Island
    County
    Cameron
    State
    Texas
    Longitude
    -97.228
    Latitude
    26.3706

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    FAQs

    What type of property is this?
    Apartment building - Rare investment property with development potential on South Padre Island.
    Where is this apartment building located?
    The property is located at 5712 Padre Blvd South Padre Island, TX.
    What is the asking price?
    The asking price for this property is $1,880,000.
    What are key features of this property?
    This property features: - Prime location on Padre Blvd with a double-sized corner lot (over 11,000 sq ft).; - Commercial zoning allows for various development options.; - Six fully rented one-bedroom/one-bathroom apartments with modern amenities and a strong rental history.
    (956) 433-5333
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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
    5712 Padre Blvd South Padre Island, TX 78597
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