724 Elizabeth Street Corpus Christi, TX 78404
MULTI_FAMILY - Corpus Christi, TX
Property Features for 724 Elizabeth Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Off Street
- Appliances
- FreeStandingRange, GasOven, GasRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 598300130150
- Size
- 2,660 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- OCEAN VIEW LT 15 PARK BLK
- Tax Annual Amount
- 4913
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Tile, Hardwood, Laminate
- Roof type
- Shingle
Listing agent Eddie Seal License #0203610 (361) 688-0887
Listing office Keller Williams Coastal Bend 5402 S Staples St, Corpus Christi, TX (361) 225-7900
Listing date Jul 3, 2026
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.
The property is located within easy walking distance to the Corpus Christi Bayfront and CHRISTUS Spohn Shoreline Hospital. That proximity can be particularly relevant for tenants who value convenience to healthcare employment and nearby coastal activity.
For buyers and operators, the configuration provides an established four-unit income stream centered on residential spaces with recognizable, durable finishes. The property’s nearby medical focus may appeal to households seeking convenient access to the hospital area, while the interior character features give the units a distinctive presence relative to more fully modernized product.
Local 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 | $44.0k | $16.56 |
| − Vacancy | −$5.3k | −$1.98 |
| EGI | $38.8k | $14.58 |
| − OpEx | −$11.6k | −$4.37 |
| NOI | $27.1k | $10.20 |
