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    Fully Leased Brick Triplex Title is generated by Realmo AI

    1200 Kline, Odem, TX 78370

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    Claim this Listing
    For Sale
    $424,900

    MULTI_FAMILY - Odem, TX

    Property size:
    3,300 SF
    Lot size:
    0.37 Acres
    Price / SF:
    $128/SF
    Added:
    Jun 26, 2025
    Days on Market:
    324
    Last Refresh:
    May 15 at 6:06 pm

    Property Features for 1200 Kline

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    6
    Bathrooms
    6
    Rooms
    Bedroom 2, Bathroom 2, Bathroom 5, Bathroom 6, Bathroom 3, Bedroom 6, Bedroom 4, Bedroom 3, Bedroom 1, Bathroom 4, Bedroom 5, Bathroom 1
    Parking
    6
    Parking features
    Open, Garage
    Patio and Porch features
    Patio
    Interior features
    CableTv, CeilingFans
    Exterior features
    RainGutters
    Appliances
    Dishwasher, FreeStandingRange, Disposal, Microwave, RangeHood
    Standard status
    Active
    APN
    70930
    Size
    3,300 SF
    Lot size
    0.37 Acres

    Taxes and HOA fees

    Tax Description
    COMPTON & COOPER ADDN BLK 5 LOT 1, 2
    Tax Annual Amount
    8482

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Natural Gas, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1994
    Floors in Building
    1
    Number of units
    3
    Flooring type
    Tile, Vinyl
    Building materials
    Brick, Frame
    Roof type
    Shingle
    Additional Structures
    Workshop

    We can help!

    Listing Contact
    Chris Montalvo

    Listing agent Chris Montalvo License #0528565

    Listing office Mirabal Montalvo & Associates 909 S Tancahua Street, Corpus Christi, TX

    Listing date Jun 26, 2025

    MLS# 461162 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.

    HighLights

    • Fully leased triplex providing immediate cash flow.
    • Three separate brick buildings under one roof, each with private garage.
    • Each unit has 2 bedrooms and 1.5 baths.
    • Separately metered for electricity and utilities.
    • Recently remodeled with modern updates.
    • Low‑maintenance brick construction in high‑demand location.

    Overview

    This unique triplex in Odem, TX, presents a rare investment opportunity. The property consists of three separate brick buildings connected under a continuous roofline. Each unit includes 2 bedrooms, 1.5 baths, and a private 1-car garage. The units are separately metered for electricity and utilities. Recently remodeled, the property is fully leased, providing immediate cash flow for investors. Situated in the heart of Odem on a 0.37-acre lot, this low-maintenance, high-demand property offers strong rental appeal and long-term value. The property size is 3300 square feet. This is a great opportunity to own a solid brick income-producing asset with modern updates and separate structures that offer added privacy for tenants—all under one roof system.

    Financial Insights

    Value Estimation Calculated for Multifamily LT 5

    Conservative
    $338.9K
    NOI $30,502 @ 9.00% cap · cautious / downside scenario
    Moderate
    $435.7K
    NOI $30,502 @ 7.00% cap · market / base-case scenario
    Aggressive
    $610.0K
    NOI $30,502 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Multifamily LT 5

    Component $ $/SF
    Gross rent $49.5k $15.00
    − Vacancy −$5.9k −$1.80
    EGI $43.6k $13.20
    − OpEx −$13.1k −$3.96
    NOI $30.5k $9.24
    3,300 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Multifamily LT 5
    $435.7K
    $381.3K – $508.4K (±1% cap)
    NOI $30,502 @ 7.0% cap · market cap 7.18%
    Second Best
    Apartment 5plus
    $386.2K
    $337.9K – $450.5K (±1% cap)
    NOI $27,031 @ 7.0% cap · market cap 6.36%
    Theoretical Best
    Hotel Hospitality
    $1.69M
    $1.48M – $1.98M (±1% cap)
    NOI $118,503 @ 7.0% cap · market cap 27.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Real Estate Agency Restaurant Building Supply Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Hotel & Motel Auto Parts Store Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Odem
    County
    San Patricio
    State
    Texas
    Longitude
    -97.588692
    Latitude
    27.944393

    Nearby Similar for Sale

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      Corner lot retail property, currently leased month to month.
      111 Us-77, Odem, TX 78370
      View Details
    • $350,000
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      Retail Property on Highway 77

      High-visibility retail space in Odem, Texas, suitable for various businesses.
      1016 Voss Ave, Odem, TX
      View Details
    • $350,000
      5,374 SF

      Leased Industrial Asset on Highway

      Fully leased industrial property with strong income and high visibility.
      1016 Voss Ave, Odem, TX 78370
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    • $175,000
      7,500 SF

      Retail Building in Central Odem

      Retail building in high-traffic area, currently occupied.
      199 Main St, Odem, TX 78370
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    • $340,000
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      Land and Buildings Near IH-37

      Two sites available, one with buildings, near IH-37.
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      View Details

    FAQs

    What type of property is this?
    Triplex - Rare investment opportunity in Odem, TX, with immediate cash flow.
    Where is this triplex located?
    The property is located at 1200 Kline Odem, TX.
    What is the asking price?
    The asking price for this property is $424,900.
    What are key features of this property?
    This property features: Fully leased triplex providing immediate cash flow.; Three separate brick buildings under one roof, each with private garage.; Each unit has 2 bedrooms and 1.5 baths.
    (361) 765-1725
    We can help!
    Listing Contact
    Chris Montalvo
    Real Estate License ID: 0528565
    Learn More
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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
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