Updated Downtown
For Sale
$465,000
1318 N Mesquite Street, Corpus Christi, TX 78401
Residential, Corpus Christi, TX
Property Size2,640 SF
Lot Size0.17 Acres
Price / SF$176.14
Days on Market366
Property Features for 1318 N Mesquite Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Parking features
On Street
Interior features
AirFiltration
Subdivision
Beach
Elementary school
Evans
Middle school
Driscoll
High school
Miller
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
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
Legal Description
BEACH BLK 44 LOT 9
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 Agency:
DH Realty Partners Inc
(210) 222-2424
Listed By:
James Magill · License #0675040
(361) 425-1112
Added: Oct 10, 2025
Changed: Sep 21
Last Checked: Oct 10 at 2:06AM
MLS# 466196
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.
Investment Insights
Based on property information with market context.
This 2,640-square-foot triplex, built in 1946, contains two downstairs one-bedroom, one-bath apartments and an upstairs three-bedroom, one-bath apartment. The furnished units feature vinyl plank flooring, window blinds, ceiling fans, and natural light. Downstairs kitchens include double sinks, gas ranges, and refrigerators, while the bathrooms have pedestal sinks and stand-up showers. Recent work includes bathroom improvements, new countertops, interior and exterior paint, updated light fixtures, and a backyard deck.
Outdoor features include a covered lower-level front porch, an open balcony connected to the upstairs kitchen and living area, and a large backyard. The property occupies 0.1722 acres and provides on-street parking. It is within walking distance of downtown Corpus Christi restaurants, shops, and waterfront attractions, and is located within the Tax Reinvestment Zone.
Outdoor features include a covered lower-level front porch, an open balcony connected to the upstairs kitchen and living area, and a large backyard. The property occupies 0.1722 acres and provides on-street parking. It is within walking distance of downtown Corpus Christi restaurants, shops, and waterfront attractions, and is located within the Tax Reinvestment Zone.
Key Highlights
- Three‑unit configuration with two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment
- 2,640 square feet on a 0.1722‑acre parcel
- Recent bathroom updates, countertops, paint, light fixtures, and backyard deck
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,940
Cap Rate
5.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,800
$538.8K
Cap Rate 7%
$384,857
$384.9K
Cap Rate 9%
$299,333
$299.3K
Market Conditions
NOI Build-Up for 2,640 SF
Gross rent
$43.7K $16.56/SF
− Vacancy
−$5.2K −$1.98/SF
EGI
$38.5K $14.58/SF
− OpEx
−$11.5K −$4.37/SF
NOI
$26.9K $10.20/SF
Area
Corpus Christi, TX
Vacancy
11.97%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$538,800
Cap Rate 7%
$384,857
Cap Rate 9%
$299,333
Alternative Uses
Best Use
Multifamily LT 5
$384.9K
$336.8K – $449.0K
NOI $26,940 @ 7.0% cap · market cap 5.79%
Second Best
Apartment 5plus
$352.4K
$308.4K – $411.2K
NOI $24,670 @ 7.0% cap · market cap 5.31%
Theoretical Best
Office A
$628.2K
$549.7K – $732.9K
NOI $43,972 @ 7.0% cap · market cap 9.46%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
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
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Frequently Asked Questions
What type of property is this?
Triplex - Furnished three-unit property with refreshed interiors, outdoor spaces, and flexible occupancy options near downtown amenities.
Where is this triplex located?
The property is located at 1318 N Mesquite Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $465,000.
What are key features of this property?
This property features: Three‑unit configuration with two 1‑bedroom, 1‑bath apartments and one 3‑bedroom, 1‑bath apartment; 2,640 square feet on a 0.1722‑acre parcel; Recent bathroom updates, countertops, paint, light fixtures, and backyard deck
