Fully Occupied 7-Unit Apartment
6513 Long Meadow Drive Corpus Christi, TX 78413
6513 Long Meadow Drive, Corpus Christi, TX, 78413
$950,000
For Sale
$950,000
MULTI_FAMILY - Corpus Christi, TX
Property Size6,796 SF
Lot Size0.52 Acres
Price / SF$139.79
Days on Market175
Property Features for 6513 Long Meadow Drive
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Interior features
- CableTv
- Appliances
- ElectricOven, ElectricRange
- Standard status
- Active
- APN
- 186200020020
- Size
- 6,796 SF
- Lot size
- 0.52 Acres
Taxes and HOA fees
- Tax Description
- COUNTRY CLUB EST 18 LTS 2 & 3 BK 2
- Tax Annual Amount
- 11618
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1977
- Floors in Building
- 2
- Number of units
- 3
- Flooring type
- Tile, Laminate
- Roof type
- Shingle
Listing Agency
Corpus Christi Realty Group
(361) 992-8400
5334 Everhart Rd, Corpus Christi, TX
Listed by
Alma Martin · License #0496287
(361) 728-4231
Added: Jan 23 Checked: Jul 17 at 12:06 pm
MLS# 470106
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.
Investment Insights
Based on property information with market context.
This fully occupied 7-unit multifamily property offers a mix of one-bedroom and two-bedroom units, with long-term tenants in place. The building is configured to support residential income, with all units currently leased.
The property is located in Corpus Christi, Texas, with convenient access to major roadways. It is positioned near employment centers and is within reach of shopping and dining options.
For investors or buyers looking for an income-producing apartment building with an established rent roll, this asset provides straightforward residential operations with existing tenants already in place. The mix of unit sizes can support a range of renter needs within a single property.
The property is located in Corpus Christi, Texas, with convenient access to major roadways. It is positioned near employment centers and is within reach of shopping and dining options.
For investors or buyers looking for an income-producing apartment building with an established rent roll, this asset provides straightforward residential operations with existing tenants already in place. The mix of unit sizes can support a range of renter needs within a single property.
Key Highlights
- Fully occupied 7‑unit multifamily property with long‑term tenants.
- Stable rent roll provides an income‑producing asset.
- Mix of one‑bedroom and two‑bedroom units.
Local Financial Insights For Apartment 5plus
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 | $115.0k | $16.92 |
| − Vacancy | −$14.5k | −$2.13 |
| EGI | $100.5k | $14.79 |
| − OpEx | −$45.2k | −$6.65 |
| NOI | $55.3k | $8.13 |
6,796 SF · lease $16.92/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$789.6K
$690.9K – $921.3K
NOI $55,275 @ 7.0% cap · market cap 5.82%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,545 @ 7.0% cap · market cap 19.00%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Seven-unit multifamily property with a mix of one- and two-bedroom layouts and long-term tenants in place.
Where is this apartment building located?
The property is located at 6513 Long Meadow Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Fully occupied 7‑unit multifamily property with long‑term tenants.; Stable rent roll provides an income‑producing asset.; Mix of one‑bedroom and two‑bedroom units.
