Leased Three-Unit Duplex
For Sale
$290,000
1525 5th Street, Corpus Christi, TX 78404
Residential, Corpus Christi, TX
Property Size1,096 SF
Lot Size0.16 Acres
Price / SF$264.60
Days on Market272
Property Features for 1525 5th Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
On Street
Appliances
Refrigerator
Subdivision
Ocean View
Elementary school
Menger
Middle school
Baker
High school
Ray
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
598300070060
Size
1,096 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
OCEAN VIEW LT 6 & E 7.5 FT OF ALLEY BK 7
Tax Annual Amount
3218
Legal Description
OCEAN VIEW LT 6 & E 7.5 FT OF ALLEY BK 7
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1923
Floors in Building
1
Flooring type
Vinyl
Listing Agency:
DH Realty Partners Inc
(210) 222-2424
Listed By:
James Magill · License #0675040
(361) 425-1112
Added: Jan 8
Changed: Oct 6
Last Checked: Oct 7 at 5:06PM
MLS# 469672
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 1923 duplex property includes three residential units across a front building and a separate rear residence. The front structure contains two one-bedroom, one-bath units totaling 1,096 square feet, while the rear unit provides two bedrooms and one bath within 560 square feet. Combined building area is 1,656 square feet on a 0.1603-acre lot. All three units are fully leased.
The property is located in Corpus Christi near downtown, schools, and major roadways. Public water and public sewer serve the site. Property features include vinyl flooring, central air conditioning, natural-gas central heating, refrigerators, and on-street parking.
The property is located in Corpus Christi near downtown, schools, and major roadways. Public water and public sewer serve the site. Property features include vinyl flooring, central air conditioning, natural-gas central heating, refrigerators, and on-street parking.
Key Highlights
- Three fully leased residential units
- 1,656 SF total building area with a 1,096 SF front duplex and 560 SF rear unit
- Unit mix includes two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,184
Cap Rate
3.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$223,680
$223.7K
Cap Rate 7%
$159,771
$159.8K
Cap Rate 9%
$124,267
$124.3K
Market Conditions
NOI Build-Up for 1,096 SF
Gross rent
$18.1K $16.56/SF
− Vacancy
−$2.2K −$1.98/SF
EGI
$16.0K $14.58/SF
− OpEx
−$4.8K −$4.37/SF
NOI
$11.2K $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%
$223,680
Cap Rate 7%
$159,771
Cap Rate 9%
$124,267
Alternative Uses
Best Use
Multifamily LT 5
$159.8K
$139.8K – $186.4K
NOI $11,184 @ 7.0% cap · market cap 3.86%
Second Best
Apartment 5plus
$146.3K
$128.0K – $170.7K
NOI $10,242 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$260.8K
$228.2K – $304.3K
NOI $18,255 @ 7.0% cap · market cap 6.29%
Zoning and permitted uses should be independently verified with authorities.
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
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased three-unit property with a two-bedroom rear residence, central utilities, and on-street parking.
Where is this duplex located?
The property is located at 1525 5th Street 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 fully leased residential units; 1,656 SF total building area with a 1,096 SF front duplex and 560 SF rear unit; Unit mix includes two 1‑bedroom/1‑bath units and one 2‑bedroom/1‑bath unit
