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Income-Producing Duplex in Corpus Christi

1516 Lazy Corpus Christi, TX 78415

For Sale

$219,900

MULTI_FAMILY - Corpus Christi, TX

Property size:

1,419 SF

Lot size:

0.15 Acres

Price / SF:

$154.97/SF

For Sale

$219,900

MULTI_FAMILY - Corpus Christi, TX

Property size:

1,419 SF

Lot size:

0.15 Acres

Price / SF:

$154.97/SF

Added:: May 1, 2025
Days on Market:: 440
Last Refresh:: Jul 14 at 9:06 am

Property Features for 1516 Lazy

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 4
Bathrooms: 2
Rooms: Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
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 agent Justin Colmenero License #0581190

Listing office Prime Real Estate 4926 Everhart, Portland, TX

Listing date May 1, 2025

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, located at 1516-1518 Lazy Lane, presents an income-producing opportunity. Unit 1516 offers 710 square feet of air-conditioned space, featuring 2 bedrooms, 1 bathroom, a kitchen, and a living area with hardwood flooring. Additional amenities include a 10' x 10' laundry room, a 10' x 10' covered patio, central air and heat, and a driveway accommodating two or more vehicles. Unit 1518 also provides 710 square feet of air-conditioned space with 2 bedrooms, 1 bathroom, a vinyl-floored kitchen, and a living area with hardwood flooring. Similar to the first unit, it includes a 10' x 10' laundry room, a 10' x 10' covered patio, central air and heat, and a wider driveway for two or more vehicles. Both units share a fenced yard and feature all-electric appliances, including a stove, oven, and water heater. The property is situated on a 0.15-acre lot in Corpus Christi, TX. The total property size is 1419 square feet. This duplex is an investment property and residential income home.

Key Highlights

Duplex at 1516‑1518 Lazy Lane, built in 1952, with 2 units and shared fenced yard
Each unit offers 710 SF of air‑conditioned space with 2 bedrooms and 1 bathroom
Unit amenities include central air and central heat, plus all‑electric appliances (electric range, electric oven, refrigerator, water heater)

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

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 (±1% cap)

NOI $13,116 @ 7.0% cap · market cap 5.96%

Second Best

Apartment 5plus

$166.0K

$145.3K – $193.7K (±1% cap)

NOI $11,623 @ 7.0% cap · market cap 5.29%

Theoretical Best

Office A

$337.6K

$295.4K – $393.9K (±1% cap)

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

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For sale
Duplexes
TX
Corpus Christi
78415
1516 Lazy

What type of property is this?

Duplex - Turn-key duplex with income potential in Corpus Christi, TX.

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: Duplex at 1516‑1518 Lazy Lane, built in 1952, with 2 units and shared fenced yard; Each unit offers 710 SF of air‑conditioned space with 2 bedrooms and 1 bathroom; Unit amenities include central air and central heat, plus all‑electric appliances (electric range, electric oven, refrigerator, water heater)

1516 Lazy Corpus Christi, TX 78415

MULTI_FAMILY - Corpus Christi, TX

Property Features for 1516 Lazy

General Information

Taxes and HOA fees

Utilities

Building Details

Investment Insights

Key Highlights

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Property Analytics

Current Use by Public Records

Suggested Use

Similar For Sale Nearby

Flex Warehouse with Office Buildings

High-Visibility Corner Commercial Building

Leased Office Plaza

Versatile Income-Producing Commercial Property

Waterfront Restaurant Opportunity

Motel Property with 27 Rooms

High-Visibility Commercial Property on Staples

Operating Restaurant on SPID Frontage

Flexible Open-Plan Commercial Building

Turnkey Renovated School Facility

Padre Island Retail Opportunity

Multi-Building Flex and Service Property

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