Triplex with Heated
For Sale
$949,000
125 E Huisache St., South Padre Island, TX 78597
Residential Income, South Padre Island, TX
Property Size3,883 SF
Lot Size0.14 Acres
Price / SF$244.40
Days on Market190
Property Features for 125 E Huisache St.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
B
Bedrooms
6
Bathrooms
7
Full bathrooms
6
Half bathrooms
1
Rooms
Bathroom 6, Bathroom 2, Bathroom 4, Bedroom 4, Bedroom 6, Bathroom 7, Bedroom 3, Bathroom 5, Bathroom 3, Bedroom 2, Bedroom 1, Bathroom 1, Bedroom 5
Parking features
Garage - Attached
Patio and Porch features
Deck, Patio
Interior features
Cabinets-Manufactured, Ceiling Fan(s), Garage Door Opener, Kitchen Island, Storage, Washer/Dryer Hook-up
Exterior features
Balcony, Deck, Fence, Hot Tub, Patio - Covered, Pool-Heated, Private Yard, Water View
Fencing
Fenced
Appliances
Dishwasher, Microwave, Refrigerator, Stove, Washer/Dryer
Subdivision
Padre Beach Sec VII
Lot features
Gulf Interior, Gulf View
Elementary school district
Point Isabel ISD
Middle school district
Point Isabel ISD
High school district
Point Isabel ISD
Standard status
Active
Size
3,883 SF
Lot size
0.14 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
11616
Amenities
Heated & Chilled Pool
Hot Tub
Outdoor Showers
Building Details
Year built
1997
Floors in Building
3
Number of units
3
Flooring type
Tile
Building materials
Stucco
Roof type
Composition
Additional Structures
Storage
Listing Agency:
Palm Breeze Real Estate LLC
(956) 433-5333
Listed By:
Tony Altermatt · License #0691496
(956) 617-1940
Added: Feb 13
Changed: Aug 20
Last Checked: Aug 22 at 10:06PM
MLS# 104873
Copyright © 2026 South Padre Island Board of Realtors. 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 3,883-square-foot triplex, built in 1997, contains three distinct residences with tile flooring, kitchens, storage, washer/dryer hookups, and attached garage parking. The north unit includes two bedrooms, two bathrooms, and a covered deck. The lower south residence also provides two bedrooms and two bathrooms, with access to the pool area. Upstairs, the two-level south unit has two bedrooms, two-and-a-half bathrooms, a large kitchen, built-in bar, and two private decks with ocean views from the third level.
Outdoor improvements include a heated and chilled pool, hot tub, covered patio, outdoor showers, fencing, and a private yard. Separate water and electric meters serve the three units. The property is located on the east side of South Padre Island near the beach and is zoned B.
Outdoor improvements include a heated and chilled pool, hot tub, covered patio, outdoor showers, fencing, and a private yard. Separate water and electric meters serve the three units. The property is located on the east side of South Padre Island near the beach and is zoned B.
Key Highlights
- 3,883 square feet on 0.1435 acres
- Three separate water and electric meters
- Three attached garages with covered parking
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,036
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,720
$640.7K
Cap Rate 7%
$457,657
$457.7K
Cap Rate 9%
$355,956
$356.0K
Market Conditions
NOI Build-Up for 3,883 SF
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.
Gross rent
$48.9K $12.60/SF
− Vacancy
−$3.2K −$0.81/SF
EGI
$45.8K $11.79/SF
− OpEx
−$13.7K −$3.54/SF
NOI
$32.0K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$640,720
Cap Rate 7%
$457,657
Cap Rate 9%
$355,956
Alternative Uses
Best Use
Multifamily LT 5
$457.7K
$400.5K – $533.9K
NOI $32,036 @ 7.0% cap · market cap 3.38%
Second Best
Apartment 5plus
$419.7K
$367.2K – $489.7K
NOI $29,379 @ 7.0% cap · market cap 3.10%
Theoretical Best
Healthcare Medical
$668.6K
$585.0K – $780.0K
NOI $46,801 @ 7.0% cap · market cap 4.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
429
Businesses Nearby
Explore this area
Business Placement
Demographics for 78597, TX
2,479
Population
5,895
Households
0.4
Avg Household Size
56
Median Age
53%
College-Educated
92%
High-School Grad
8.8 sq mi
ZIP Area
282
Density / Sq Mi
$61,357
Median Household Income
$36,843
Median Earnings
$1,421
Median Rent
$508,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Three residences offer private outdoor spaces, individual garages, and separate water and electric meters.
Where is this triplex located?
The property is located at 125 E Huisache St. South Padre Island, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 3,883 square feet on 0.1435 acres; Three separate water and electric meters; Three attached garages with covered parking
