5-Unit Apartment
For Sale
$277,900
1218 Barton Street, Corpus Christi, TX 78418
Residential, Corpus Christi, TX
Property Size3,037 SF
Lot Size0.48 Acres
Price / SF$91.50
Days on Market53
Property Features for 1218 Barton Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bedrooms
5
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 3, Bathroom 5, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 2, Bedroom 5, Bedroom 3
Parking features
RV, Off Street
Interior features
PrimaryDownstairs
Appliances
ElectricOven, ElectricRange, FreeStandingRange, GasOven, GasRange
Subdivision
Flour Bluff Center
Lot features
Interior Lot
Elementary school
Flour Bluff
Middle school
Flour Bluff
High school
Flour Bluff
Elementary school district
Flour Bluff ISD
Middle school district
Flour Bluff ISD
High school district
Flour Bluff ISD
Standard status
Active
APN
248100060280
Size
3,037 SF
Lot size
0.48 Acres
Taxes and HOA fees
Tax Description
FLOUR BLUFF CENTER BLK 6 LOT 28 THRU 30
Tax Annual Amount
2944
Legal Description
FLOUR BLUFF CENTER BLK 6 LOT 28 THRU 30
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
1
Number of units
4
Flooring type
Vinyl
Building materials
WoodSiding
Roof type
Tar/Gravel
Listing Agency:
Corpus Christi Realty Group
(361) 992-8400
Listed By:
Jacqueline O'Neill · License #0618758
(361) 947-8003
Added: Aug 25
Changed: Sep 30
Last Checked: Oct 16 at 10:06PM
MLS# 481239
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.
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Investment Insights
Based on property information with market context.
This five-unit apartment property contains three one-bedroom, one-bathroom residences and two efficiency units. The building measures 3,037 square feet and sits on a 0.4821-acre parcel. Built in 1900, it has wood siding, vinyl flooring, and window-unit cooling. Public water and sewer serve the property, with off-street and RV parking listed on site.
All five units are occupied. The reported lot area is 21,000 square feet, providing the parcel’s full site dimensions alongside the existing residential building.
All five units are occupied. The reported lot area is 21,000 square feet, providing the parcel’s full site dimensions alongside the existing residential building.
Key Highlights
- Five units: three one‑bedroom, one‑bath residences and two efficiency units
- 3,037‑square‑foot building on a 0.4821‑acre parcel
- Reported lot area of 21,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,825
Cap Rate
8.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,500
$476.5K
Cap Rate 7%
$340,357
$340.4K
Cap Rate 9%
$264,722
$264.7K
Market Conditions
NOI Build-Up for 3,037 SF
Gross rent
$49.6K $16.32/SF
− Vacancy
−$6.2K −$2.06/SF
EGI
$43.3K $14.26/SF
− OpEx
−$19.5K −$6.42/SF
NOI
$23.8K $7.85/SF
Area
ZIP 78418
Vacancy
12.60%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,500
Cap Rate 7%
$340,357
Cap Rate 9%
$264,722
Alternative Uses
Best Use
Apartment 5plus
$340.4K
$297.8K – $397.1K
NOI $23,825 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.35M
NOI $81,268 @ 7.0% cap · market cap 29.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The occupied property combines three one-bedroom residences with two efficiency units.
Where is this apartment building located?
The property is located at 1218 Barton Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $277,900.
What are key features of this property?
This property features: Five units: three one‑bedroom, one‑bath residences and two efficiency units; 3,037‑square‑foot building on a 0.4821‑acre parcel; Reported lot area of 21,000 square feet
