Turn-Key Duplex with Two
1516 Lazy Corpus Christi, TX 78415
1516 Lazy, Corpus Christi, TX, 78415
$219,900
For Sale
$219,900
MULTI_FAMILY - Corpus Christi, TX
Property Size1,419 SF
Lot Size0.15 Acres
Price / SF$154.97
Days on Market444
Property Features for 1516 Lazy
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bedroom 3, Bathroom 1, Bedroom 2, Bedroom 4, Bedroom 1
- Interior features
- AirFiltration, CableTv, CeilingFans
- Appliances
- ElectricOven, ElectricRange, Refrigerator
- Standard status
- Active
- APN
- 992100060020
- Size
- 1,419 SF
- Lot size
- 0.15 Acres
Taxes and HOA fees
- Tax Description
- WYNWOOD #2 BLK 6 LOT 2
- Tax Annual Amount
- 3491
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Flooring type
- Vinyl, Hardwood
- Building materials
- WoodSiding
- Roof type
- Shingle
Listing Agency
Prime Real Estate
(361) 334-7653
4926 Everhart, Portland, TX
Listed by
Justin Colmenero · License #0581190
(361) 728-3313
Added: May 1, 2025 Checked: Jul 18 at 4:06 am
MLS# 458483
Listing URL
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 turn-key duplex offers two separate units, each with air-conditioned living space featuring 2 bedrooms and 1 bathroom, along with a kitchen and living area. Unit 1516 includes hardwood flooring in the living area and a 10' x 10' laundry room plus a 10' x 10' covered patio. Unit 1518 includes a vinyl-floored kitchen and also has a 10' x 10' laundry room and a 10' x 10' covered patio. Both units have central air and heat, all-electric appliances including a stove, oven, and water heater, and share a fenced yard. Each unit has driveway parking sized for two or more vehicles.
The property is located at 1516-1518 Lazy Lane in Corpus Christi, Texas 78415, in Nueces County.
With mirrored layouts and consistent included amenities across both sides, this duplex is set up for straightforward occupancy and day-to-day management.
The property is located at 1516-1518 Lazy Lane in Corpus Christi, Texas 78415, in Nueces County.
With mirrored layouts and consistent included amenities across both sides, this duplex is set up for straightforward occupancy and day-to-day management.
Key Highlights
- Turn‑key duplex at 1516‑1518 Lazy Lane with two 2BR/1BA units
- Each unit has 710 sq ft of air‑conditioned space with hardwood flooring in the living area
- All‑electric units with electric range/oven and refrigerator, plus central air and central heat
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 | $21.3k | $15.00 |
| − Vacancy | −$2.5k | −$1.80 |
| EGI | $18.7k | $13.20 |
| − OpEx | −$5.6k | −$3.96 |
| NOI | $13.1k | $9.24 |
1,419 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$187.4K
$164.0K – $218.6K
NOI $13,116 @ 7.0% cap · market cap 5.96%
Second Best
Apartment 5plus
$166.0K
$145.3K – $193.7K
NOI $11,623 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$337.6K
$295.4K – $393.9K
NOI $23,635 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two 2-bedroom, 1-bath units each include central air and heat, a laundry room, covered patio, and driveway parking.
Where is this duplex located?
The property is located at 1516 Lazy Corpus Christi, TX.
What is the asking price?
The asking price for this property is $219,900.
What are key features of this property?
This property features: Turn‑key duplex at 1516‑1518 Lazy Lane with two 2BR/1BA units; Each unit has 710 sq ft of air‑conditioned space with hardwood flooring in the living area; All‑electric units with electric range/oven and refrigerator, plus central air and central heat
