Fourplex Residential Income
826 Hancock Avenue Corpus Christi, TX 78404
826 Hancock Avenue, Corpus Christi, TX, 78404
$349,900
For Sale
$349,900
MULTI_FAMILY - Corpus Christi, TX
Property Size3,106 SF
Lot Size0.27 Acres
Price / SF$112.65
Days on Market40
Property Features for 826 Hancock Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Quadruplex
- Bedrooms
- 6
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bathroom 1, Bedroom 4, Bedroom 3, Bedroom 6, Bathroom 4, Bathroom 2, Bedroom 5, Bedroom 2, Bathroom 3
- Parking features
- Carport
- Appliances
- ElectricOven, ElectricRange
- Standard status
- Active
- APN
- 317100060060
- Size
- 3,106 SF
- Lot size
- 0.27 Acres
Taxes and HOA fees
- Tax Description
- HAMPTON LT 7 & W20.01' LT 8 & AN 8.86' STRIP ADJ TO LT 7 BLK 6
- Tax Annual Amount
- 2306
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1955
- Floors in Building
- 2
- Flooring type
- Hardwood
- Roof type
- Shingle
Listing Agency
Coldwell Banker Pacesetter Ste
(361) 777-2896
1702 US HWY 181, Suite B6, Corpus Christi, TX
Listed by
Janice Cruz · License #0574328
(361) 229-0535
Added: Jun 9 Checked: Jul 18 at 8:06 am
MLS# 477776
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 fourplex offers four residential units in a single income property configuration. Two units are laid out with 2 bedrooms and 1 bathroom, while the other two units feature 1 bedroom and 1 bathroom. A carport and a wash room are located at the back of the property, providing practical shared outdoor utility space. The listing indicates updates have been made to the home, and it includes visual materials showing how the exterior could look after further improvements.
The property is located in Corpus Christi, Texas, and is described as being close to Ocean Drive and hospitals. Additional nearby amenities are referenced generally in the remarks, without further specifics provided.
For buyers or operators seeking a small multifamily asset, this fourplex provides a straightforward tenant mix of 2-bedroom and 1-bedroom units. The presence of dedicated shared wash space and covered parking can support day-to-day tenant convenience. If you are evaluating a residential income property for acquisition, this layout and site setup may be a practical fit to manage and lease as a single asset.
The property is located in Corpus Christi, Texas, and is described as being close to Ocean Drive and hospitals. Additional nearby amenities are referenced generally in the remarks, without further specifics provided.
For buyers or operators seeking a small multifamily asset, this fourplex provides a straightforward tenant mix of 2-bedroom and 1-bedroom units. The presence of dedicated shared wash space and covered parking can support day-to-day tenant convenience. If you are evaluating a residential income property for acquisition, this layout and site setup may be a practical fit to manage and lease as a single asset.
Key Highlights
- 4‑plex with 4 total units: two 2 bed/1 bath units and two 1 bed/1 bath units
- Carport plus a wash room located in the back of the units
- Year built 1955 with hardwood flooring and shingle roof
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 | $51.4k | $16.56 |
| − Vacancy | −$6.2k | −$1.98 |
| EGI | $45.3k | $14.58 |
| − OpEx | −$13.6k | −$4.37 |
| NOI | $31.7k | $10.20 |
3,106 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$452.8K
$396.2K – $528.3K
NOI $31,695 @ 7.0% cap · market cap 9.06%
Second Best
Apartment 5plus
$414.6K
$362.8K – $483.8K
NOI $29,025 @ 7.0% cap · market cap 8.30%
Theoretical Best
Office A
$739.1K
$646.7K – $862.2K
NOI $51,734 @ 7.0% cap · market cap 14.79%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
P C Solutions ...
Computer & Electronic Repair
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FAQs
What type of property is this?
Quadplex - Four-unit residential income property with carport and shared wash room, offering two 2-bedroom and two 1-bedroom layouts.
Where is this quadplex located?
The property is located at 826 Hancock Avenue Corpus Christi, TX.
What is the asking price?
The asking price for this property is $349,900.
What are key features of this property?
This property features: 4‑plex with 4 total units: two 2 bed/1 bath units and two 1 bed/1 bath units; Carport plus a wash room located in the back of the units; Year built 1955 with hardwood flooring and shingle roof
