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    642 Robinson St Corpus Christi, TX 78404

    Sponsored
    For Sale
    $439,900

    MULTI_FAMILY - Corpus Christi, TX

    Property size:
    3,072 SF
    Lot size:
    0.22 Acres
    Days on Market:
    1
    Last Refresh:
    Jan 28 at 7:06 pm

    Property Features for 642 Robinson St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 2, Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 2, Bedroom 8, Bedroom 3, Bedroom 7, Bedroom 5, Bathroom 3, Bathroom 4, Bedroom 6
    Bedrooms
    8
    Bathrooms
    4
    APN
    447500380100
    Parking
    6
    Parking features
    Off Street, On Street
    Patio and Porch features
    Patio
    Interior features
    OpenFloorplan, WindowTreatments
    Appliances
    ElectricCooktop, ElectricOven, ElectricRange, GasCooktop, GasOven, GasRange, Refrigerator, Dryer, Washer
    Size
    3,072 SF
    Lot size
    0.22 Acres

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Ductless (Heating), Natural Gas
    Cooling system
    Ductless, Gas (Cooling), Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1948
    Floors in Building
    2
    Number of units
    1
    Flooring type
    Vinyl
    Building materials
    Brick, Frame, HardiplankType, ShingleSiding, WoodSiding
    Roof type
    Shingle

    We can help!

    Listing Contact
    Brenton Reagan

    Cass Real Estate (361) 643-2662

    Listing agent Brenton Reagan (512) 736-2695 License #0669077

    Listing date Jan 28, 2026

    MLS# 470585 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Renovated Corpus Christi Fourplex Investment

    This renovated fourplex in Corpus Christi, Texas, is currently 100% occupied. The property features one unfurnished unit for long-term leases and three fully furnished, all-bills-paid units for mid-term leases, typically one to six months. The furnishings and decor in the three furnished units are included. Since 2023, the property has undergone extensive renovations, including foundation work with new subfloors, mini-split air systems in all units, vinyl plank flooring, and fresh interior and exterior paint. New appliances and furniture have also been installed. Each of the four units has two bedrooms and one bathroom (2/1), with two units located downstairs and two upstairs. A central indoor stairway provides access to the upper units. Each unit also has a back door leading to a common area with a shared laundry closet. The washer and dryer are included. Three stoves are gas, and one is electric. Water and gas are on master meters and are landlord expenses. Electric meters are individual for each unit. Awnings are provided for the tenant parking area in the rear. The property is situated on a 0.22-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Quadplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.393561
    Latitude
    27.755058

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    FAQs

    What type of property is this?
    Quadplex - Renovated fourplex in Corpus Christi, 100% occupied with strong CAP.
    Where is this quadplex located?
    The property is located at 642 Robinson St Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $439,900.
    What are key features of this property?
    This property features: - High CAP Rate: Property boasts an impressive 10.3% CAP rate.; - Fully Renovated: Enjoy peace of mind with a property renovated from the ground up since 2023, including foundation work, new flooring, paint, and appliances.; - Income-Producing: Currently 100% occupied with a mix of long-term and mid-term fully furnished units.
    (512) 736-2695
    Request Owner's contact information
    642 Robinson St Corpus Christi, TX 78404
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    Corpus Christi, TX 78404
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    642 Robinson St Corpus Christi, TX 78404
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    We can help!
    Listing Contact
    Brenton Reagan
    Real Estate License ID: 0669077
    (512) 736-2695
    Learn more
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