1318 N Mesquite Street, Corpus Christi, TX 78401
MULTI_FAMILY - Corpus Christi, TX
- Added:
- Oct 10, 2025
- Days on Market:
- 250
- Last Refresh:
- Jun 16 at 5:06 pm
Property Features for 1318 N Mesquite Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Interior features
- AirFiltration
- Standard status
- Active
- APN
- 054000440090
- Size
- 2,640 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- BEACH BLK 44 LOT 9
- Tax Annual Amount
- 7529
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1946
- Floors in Building
- 2
- Flooring type
- Vinyl
- Roof type
- Shingle
Listing agent James Magill License #0675040 (361) 425-1112
Listing office DH Realty Partners Inc 500 N Shoreline Boulevard, Corpus Christi, TX (210) 222-2424
Listing date Oct 10, 2025
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
- Prime Downtown Corpus Christi location within a Tax Reinvestment Zone (TIRZ), offering potential city incentives.
- Multifamily property with three units providing income potential or owner‑occupancy flexibility.
- Walking distance to downtown restaurants, shops, and waterfront attractions.
- Recent updates include bathroom improvements, new countertops, fresh paint, new backyard deck, and updated light fixtures.
- Each unit features vinyl plank flooring, ample natural light, window blinds, and ceiling fans.
- Large backyard provides shared tenant parking and space for outdoor activities.
Overview
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 | $43.7k | $16.56 |
| − Vacancy | −$5.2k | −$1.98 |
| EGI | $38.5k | $14.58 |
| − OpEx | −$11.5k | −$4.37 |
| NOI | $26.9k | $10.20 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.395489
- Latitude
- 27.803937
