Spacious Duplex with Three
129 E Gardenia Street South Padre Island, TX 78597
New
129 E Gardenia Street, South Padre Island, TX, 78597
$599,000
For Sale
$599,000
MULTI_FAMILY - South Padre Island, TX
Property Size2,625 SF
Lot Size0.14 Acres
Price / SF$228.19
Days on Market2
Property Features for 129 E Gardenia Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Parking
- 4
- Exterior features
- Balcony, Mature Trees
- Appliances
- Electric Water Heater, Smooth Electric Cooktop
- Standard status
- Active
- APN
- 6764001120016000
- Size
- 2,625 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 2182
Utilities
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air
- Water front
- 1
Building Details
- Year built
- 1970
- Floors in Building
- 3
- Number of units
- 2
- Building materials
- Siding
- Roof type
- Composition
Listing agency
Keller Williams Realty RGV
(956) 928-1155
Listed by
Deldi M. Ortegon · License #0433744
(956) 225-5509
Added: Jul 21 Checked: Jul 22 at 7:06PM
MLS# 510148
Copyright © 2026 Greater McAllen Association 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 for-sale duplex includes two separate units, each with three bedrooms and two full bathrooms. Each unit has a full kitchen, a functional layout, and generous closet space. Three balconies provide outdoor space for the island lifestyle, and the property also offers a large backyard.
The address is 129 E Gardenia Street in South Padre Island, Texas (Cameron County). Public remarks note the home is located just steps from the beaches of South Padre Island.
With a duplex configuration, the property supports flexible use based on how you plan to occupy or rent the units.
The address is 129 E Gardenia Street in South Padre Island, Texas (Cameron County). Public remarks note the home is located just steps from the beaches of South Padre Island.
With a duplex configuration, the property supports flexible use based on how you plan to occupy or rent the units.
Key Highlights
- Duplex built in 1970 with 2 units
- Each unit features 3 bedrooms and 2 full bathrooms
- Full kitchens in each unit with electric smooth cooktop and electric water heater
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 | $33.1k | $12.60 |
| − Vacancy | −$2.1k | −$0.81 |
| EGI | $30.9k | $11.79 |
| − OpEx | −$9.3k | −$3.54 |
| NOI | $21.7k | $8.25 |
2,625 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$309.4K
$270.7K – $361.0K
NOI $21,657 @ 7.0% cap · market cap 3.62%
Second Best
Apartment 5plus
$283.7K
$248.3K – $331.0K
NOI $19,861 @ 7.0% cap · market cap 3.32%
Theoretical Best
Healthcare Medical
$452.0K
$395.5K – $527.3K
NOI $31,639 @ 7.0% cap · market cap 5.28%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Duplex for sale with two units, each offering 3 bedrooms and 2 full bathrooms plus balconies.
Where is this duplex located?
The property is located at 129 E Gardenia Street South Padre Island, TX.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: Duplex built in 1970 with 2 units; Each unit features 3 bedrooms and 2 full bathrooms; Full kitchens in each unit with electric smooth cooktop and electric water heater
