Brick Triplex With Unit
For Sale
$325,000
6205 Wilderock Drive, Corpus Christi, TX 78414
Residential, Corpus Christi, TX
Property Size3,830 SF
Lot Size0.20 Acres
Price / SF$84.86
Days on Market142
Property Features for 6205 Wilderock Drive
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bedroom 2, Bathroom 2, Bathroom 1, Bathroom 5, Bedroom 1, Bathroom 4, Bathroom 3, Bedroom 5, Bedroom 3, Bedroom 4
Parking features
Assigned
Fireplace
1
Appliances
ElectricOven, ElectricRange
Subdivision
Wooldridge Creek #7
Lot features
Interior Lot
Elementary school
Moore
Middle school
Adkins
High school
King
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
990100010060
Size
3,830 SF
Lot size
0.20 Acres
Taxes and HOA fees
Tax Description
WOOLDRIDGE CREEK #7 BLK 1 LOT 6
Tax Annual Amount
6019
Legal Description
WOOLDRIDGE CREEK #7 BLK 1 LOT 6
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Building materials
Brick
Roof type
Shingle
Listing Agency:
Mirabal Montalvo & Associates
(361) 994-1140
Listed By:
Chris Montalvo · License #0528565
(361) 765-1725
Added: Apr 20
Changed: Sep 3
Last Checked: Sep 8 at 9:06AM
MLS# 475136
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 3,830-square-foot triplex was built in 1983 and has a brick exterior, shingle roof, vinyl flooring, and central air conditioning. The unit mix includes two residences with two bedrooms and two bathrooms each, plus a third residence with one bedroom and one bathroom. Assigned parking is provided, and the property includes a fireplace and electric cooking appliances.
Located at 6205 Wilderock Drive in Corpus Christi, the 0.2-acre property is served by public water and public sewer. An HOA provides basic cable, lawn care, roof maintenance, and exterior building maintenance. The property is in Nueces County and carries a 78414 postal designation.
Located at 6205 Wilderock Drive in Corpus Christi, the 0.2-acre property is served by public water and public sewer. An HOA provides basic cable, lawn care, roof maintenance, and exterior building maintenance. The property is in Nueces County and carries a 78414 postal designation.
Key Highlights
- 3,830‑square‑foot triplex on 0.2 acres
- Unit mix includes two 2‑bedroom, 2‑bath residences and one 1‑bedroom, 1‑bath residence
- Brick construction with shingle roof; built in 1983
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
$23,223
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
7.15%
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%
$464,460
$464.5K
Cap Rate 7%
$331,757
$331.8K
Cap Rate 9%
$258,033
$258.0K
Market Conditions
NOI Build-Up for 3,830 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
$37.7K $9.84/SF
− Vacancy
−$4.5K −$1.18/SF
EGI
$33.2K $8.66/SF
− OpEx
−$10.0K −$2.60/SF
NOI
$23.2K $6.06/SF
Area
ZIP 78414
Vacancy
11.97%
Lease Rate
$9.84 /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%
$464,460
Cap Rate 7%
$331,757
Cap Rate 9%
$258,033
Alternative Uses
Best Use
Multifamily LT 5
$331.8K
$290.3K – $387.1K
NOI $23,223 @ 7.0% cap · market cap 7.15%
Second Best
Apartment 5plus
$293.5K
$256.8K – $342.4K
NOI $20,546 @ 7.0% cap · market cap 6.32%
Theoretical Best
Specialty Retail
$1.04M
$910.0K – $1.21M
NOI $72,801 @ 7.0% cap · market cap 22.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
535
Businesses Nearby
Explore this area
Business Placement
Demographics for 78414, TX
46,972
Population
20,121
Households
2.3
Avg Household Size
35
Median Age
39%
College-Educated
95%
High-School Grad
14.2 sq mi
ZIP Area
3,308
Density / Sq Mi
$96,788
Median Household Income
$56,626
Median Earnings
$1,549
Median Rent
$271,300
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?
Triplex - Three-unit property with a two-bedroom configuration in two residences and a one-bedroom residence for varied occupancy needs.
Where is this triplex located?
The property is located at 6205 Wilderock Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 3,830‑square‑foot triplex on 0.2 acres; Unit mix includes two 2‑bedroom, 2‑bath residences and one 1‑bedroom, 1‑bath residence; Brick construction with shingle roof; built in 1983
