Leased Three-Unit
For Sale
$290,000
1525 5th St, Corpus Christi, TX 78404
Three residential units with a one-bedroom and two-bedroom configuration, all leased in an established Corpus Christi neighborhood.
Property Size1,096 SF
Price / SF$175.12
Days on Market283
Property Features for 1525 5th St
General Information
Standard status
Active
Size
1,096 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 1BR/1BA, 1 x 2BR/1BA
Multifamily Units
3
Additional Details
Gross Income
$37,800
Taxes and HOA fees
Annual Taxes
$3,218
Building Details
Building Size
1,096 SF
Year Built
1923
Listing Agency:
DH Realty Partners Inc
Listed By:
James Magill · License #0675040
(361) 425-1112
Source:
National-onerealty
Added: Jan 8
Changed: Oct 5
Last Checked: Oct 16 at 5:40PM
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 DH Realty Partners Inc
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Investment Insights
Based on property information with market context.
This three-unit residential property includes two one-bedroom, one-bath units in the front building and a separate two-bedroom, one-bath rear unit. All units are currently leased, providing an occupied configuration for an investor acquiring a small multifamily asset. The property was built in 1923.
Located at 1525 5th St in Corpus Christi, the property is near downtown, schools, and major roadways. Its three-unit layout offers a mix of one- and two-bedroom residences within an established neighborhood setting.
Located at 1525 5th St in Corpus Christi, the property is near downtown, schools, and major roadways. Its three-unit layout offers a mix of one- and two-bedroom residences within an established neighborhood setting.
Key Highlights
- Three total residential units
- Unit mix includes two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit
- All three units are fully leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,899
Cap Rate
5.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$337,980
$338.0K
Cap Rate 7%
$241,414
$241.4K
Cap Rate 9%
$187,767
$187.8K
Market Conditions
NOI Build-Up for 1,656 SF
Gross rent
$27.4K $16.56/SF
− Vacancy
−$3.3K −$1.98/SF
EGI
$24.1K $14.58/SF
− OpEx
−$7.2K −$4.37/SF
NOI
$16.9K $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%
$337,980
Cap Rate 7%
$241,414
Cap Rate 9%
$187,767
Alternative Uses
Best Use
Multifamily LT 5
$241.4K
$211.2K – $281.7K
NOI $16,899 @ 7.0% cap · market cap 5.83%
Second Best
Apartment 5plus
$221.1K
$193.4K – $257.9K
NOI $15,475 @ 7.0% cap · market cap 5.34%
Theoretical Best
Office A
$394.0K
$344.8K – $459.7K
NOI $27,582 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,376
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?
Triplex - Three residential units with a one-bedroom and two-bedroom configuration, all leased in an established Corpus Christi neighborhood.
Where is this triplex located?
The property is located at 1525 5th St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $290,000.
What are key features of this property?
This property features: Three total residential units; Unit mix includes two 1‑bedroom, 1‑bath units and one 2‑bedroom, 1‑bath unit; All three units are fully leased
