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Rented Triplex Investment Property

105 W James Street Rockport, TX 78382

105 W James Street, Rockport, TX, 78382
$299,000
For Sale
Claim this Listing
$299,000

MULTI_FAMILY - Rockport, TX

Property Size2,126 SF
Lot Size0.36 Acres
Price / SF$140.64
AddedDec 20, 2025
Days on Market207
Last RefreshJul 15 at 7:06 pm

Property Features for 105 W James Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Bathrooms
3
Rooms
Bathroom 2, Bathroom 3, Bathroom 1
Interior features
OpenFloorplan, CeilingFans
Appliances
Dishwasher, ElectricOven, ElectricRange
Standard status
Active
APN
63448
Size
2,126 SF
Lot size
0.36 Acres

Taxes and HOA fees

Tax Description
DOUGHTY & MATHIS, BLOCK 127, LOT 1, N 40' OF 2, E 22' OF 9 & E 22' OF N 40' OF 10

Utilities

Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Window Unit(s)
Water source
Public

Building Details

Year built
1969
Floors in Building
1
Number of units
3
Flooring type
Tile
Roof type
Flat

Listing agent Kelly Blackwell License #0741251

Listing office Spears & Co Real Estate 2621 Hwy 35 N, Rockport, TX

Listing date Dec 20, 2025

MLS# 468897 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 triplex offers three independently suited rental units, with all three units currently rented. The property sits on a large lot and includes private yard space for each unit, providing an individual outdoor area for tenants.

The address is 105 W James Street in Rockport, Texas. The property is located off Highway 35 and is described as being close to local restaurants, shops, and area beaches.

Total property size is listed at 2,126 square feet on a 0.36-acre lot. Lot line markings in the materials indicate that red lot lines are approximate.

Key Highlights

  • Triplex built in 1969 with three units, all currently rented
  • Each unit has its own private yard
  • Public water and public sewer connected

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 $31.9k $15.00
− Vacancy −$3.8k −$1.80
EGI $28.1k $13.20
− OpEx −$8.4k −$3.96
NOI $19.7k $9.24
2,126 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$280.7K
$245.6K – $327.5K (±1% cap)
NOI $19,651 @ 7.0% cap · market cap 6.57%
Second Best
Apartment 5plus
$248.8K
$217.7K – $290.2K (±1% cap)
NOI $17,414 @ 7.0% cap · market cap 5.82%
Theoretical Best
Office A
$812.7K
$711.1K – $948.2K (±1% cap)
NOI $56,890 @ 7.0% cap · market cap 19.03%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Dental Office Pharmacy Nail Salon (Bike/Boat/Book/etc) Store Daycare Center (Bike/Boat/Book/etc) Store Accounting Firm Locksmith Home Appliance Store (Bike/Boat/Book/etc) Store

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

FAQs

What type of property is this?
Triplex - Triplex on a large lot with all three units currently rented and each unit featuring a private yard.
Where is this triplex located?
The property is located at 105 W James Street Rockport, TX.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Triplex built in 1969 with three units, all currently rented; Each unit has its own private yard; Public water and public sewer connected
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