Four-Unit Townhome
For Sale
$1,260,000
13981 Ports O Call Dr, Corpus Christi, TX 78418
Each residence offers two-story living, an attached garage, and a private enclosed backyard.
Property Size5,636 SF
Days on Market49
Property Features for 13981 Ports O Call Dr
General Information
Standard status
Active
Size
5,636 SF
Total Parking Spaces
4
Property subtype
Quadruplex
Units
Unit Mix
4 x 3BR/2.5BA
Multifamily Units
4
Building Details
Building Size
5,636 SF
Year Built
2025
Stories
2
Listing Agency:
Keller Williams Coastal Bend
Listed By:
Elizabeth Parsley · License #0707070
(361) 816-4527
Source:
National-onerealty
Added: Aug 1
Changed: Sep 14
Last Checked: Sep 17 at 12:04AM
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 Keller Williams Coastal Bend
Investment Insights
Based on property information with market context.
This multifamily property comprises four two-story townhomes, with each residence offering three bedrooms, two and one-half bathrooms, an attached garage, and a private enclosed backyard. The property was built as a quadplex and is identified as multifamily-zoned, supporting a range of residential ownership and leasing strategies described in the listing information.
Located on North Padre Island near the canals, the property is also described as being near waterfront dining and Gulf beaches. The address is 13981 Ports O Call Dr in Corpus Christi, Texas. Its four-home configuration provides a consistent layout across the property while maintaining separate residential spaces, garages, and outdoor areas for each unit.
Located on North Padre Island near the canals, the property is also described as being near waterfront dining and Gulf beaches. The address is 13981 Ports O Call Dr in Corpus Christi, Texas. Its four-home configuration provides a consistent layout across the property while maintaining separate residential spaces, garages, and outdoor areas for each unit.
Key Highlights
- Four‑unit multifamily property with four separate townhome residences
- Each townhome includes 3 bedrooms and 2.5 bathrooms
- Two‑story layouts throughout all four residences
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
$50,011
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
3.97%
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%
$1,000,220
$1.0M
Cap Rate 7%
$714,443
$714.4K
Cap Rate 9%
$555,678
$555.7K
Market Conditions
NOI Build-Up for 5,636 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
$81.2K $14.40/SF
− Vacancy
−$9.7K −$1.72/SF
EGI
$71.4K $12.68/SF
− OpEx
−$21.4K −$3.80/SF
NOI
$50.0K $8.87/SF
Area
ZIP 78418
Vacancy
11.97%
Lease Rate
$14.40 /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%
$1,000,220
Cap Rate 7%
$714,443
Cap Rate 9%
$555,678
Alternative Uses
Best Use
Multifamily LT 5
$714.4K
$625.1K – $833.5K
NOI $50,011 @ 7.0% cap · market cap 3.97%
Second Best
Apartment 5plus
$631.6K
$552.7K – $736.9K
NOI $44,215 @ 7.0% cap · market cap 3.51%
Theoretical Best
Office A
$2.15M
$1.89M – $2.51M
NOI $150,815 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
228
Businesses Nearby
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Each residence offers two-story living, an attached garage, and a private enclosed backyard.
Where is this quadplex located?
The property is located at 13981 Ports O Call Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,260,000.
What are key features of this property?
This property features: Four‑unit multifamily property with four separate townhome residences; Each townhome includes 3 bedrooms and 2.5 bathrooms; Two‑story layouts throughout all four residences
