Four-Unit Quadplex with Newer
For Sale
$168,500
1335 6th St, Corpus Christi, TX 78404
Three one-bedroom apartments and one efficiency are currently leased.
Property Size1,114 SF
Days on Market55
Property Features for 1335 6th St
General Information
Standard status
Active
Size
1,114 SF
Property subtype
Quadruplex
Occupancy
100%
Property Condition
Severity
Repairs Needed
Evidence
could benefit from some TLC and updating
Financials
Gross Income
$36,000
Average Monthly Rent
$750
Units
Unit Mix
3 x 1BR, 1 x efficiency
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,199
Building Details
Building Size
1,114 SF
Year Built
1965
Tenancy
Multi
Listing Agency:
Corpus Christi Realty Group
Listed By:
Jacqueline O'Neill · License #0618758
(361) 947-8003
Source:
National-onerealty
Added: Aug 25
Changed: Oct 12
Last Checked: Oct 16 at 3:21PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Corpus Christi Realty Group
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Investment Insights
Based on property information with market context.
This four-unit residential income property includes three one-bedroom apartments and one efficiency, with every unit currently leased. A newer roof serves the building, while approximately 1,333 sq. ft. of converted garage living area is not included in the appraisal district square footage. That area contains one one-bedroom apartment and the efficiency.
The property is positioned near Ocean Drive, CHRISTUS Spohn Hospital Shoreline, Cole Park, the bayfront, downtown, hospitals, parks, and dining. It is being offered as-is and may require updating or other TLC. Built in 1965, the property combines an existing leased configuration with additional converted living space.
The property is positioned near Ocean Drive, CHRISTUS Spohn Hospital Shoreline, Cole Park, the bayfront, downtown, hospitals, parks, and dining. It is being offered as-is and may require updating or other TLC. Built in 1965, the property combines an existing leased configuration with additional converted living space.
Key Highlights
- Four‑unit configuration with three 1‑bedroom apartments and one efficiency
- All four units are currently leased
- Approximately 1,333 sq. ft. of converted garage living space is not reflected in appraisal district square footage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,368
Cap Rate
6.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,360
$227.4K
Cap Rate 7%
$162,400
$162.4K
Cap Rate 9%
$126,311
$126.3K
Market Conditions
NOI Build-Up for 1,114 SF
Gross rent
$18.4K $16.56/SF
− Vacancy
−$2.2K −$1.98/SF
EGI
$16.2K $14.58/SF
− OpEx
−$4.9K −$4.37/SF
NOI
$11.4K $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%
$227,360
Cap Rate 7%
$162,400
Cap Rate 9%
$126,311
Alternative Uses
Best Use
Multifamily LT 5
$162.4K
$142.1K – $189.5K
NOI $11,368 @ 7.0% cap · market cap 6.75%
Second Best
Apartment 5plus
$148.7K
$130.1K – $173.5K
NOI $10,410 @ 7.0% cap · market cap 6.18%
Theoretical Best
Office A
$265.1K
$231.9K – $309.3K
NOI $18,555 @ 7.0% cap · market cap 11.01%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
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?
Quadplex - Three one-bedroom apartments and one efficiency are currently leased.
Where is this quadplex located?
The property is located at 1335 6th St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $168,500.
What are key features of this property?
This property features: Four‑unit configuration with three 1‑bedroom apartments and one efficiency; All four units are currently leased; Approximately 1,333 sq. ft. of converted garage living space is not reflected in appraisal district square footage
