Corpus Christi Duplex Investment
15642 Cruiser Street Corpus Christi, TX 78418
15642 Cruiser Street, Corpus Christi, TX, 78418
$682,500
For Sale
$682,500
MULTI_FAMILY - Corpus Christi, TX
Property Size3,418 SF
Lot Size0.31 Acres
Price / SF$199.68
Days on Market334
Property Features for 15642 Cruiser Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 1, Bathroom 2
- Parking features
- Garage
- Interior features
- SplitBedrooms, WindowTreatments, BreakfastBar
- Appliances
- Dishwasher, GasOven, GasRange, Microwave, RangeHood
- Standard status
- Active
- APN
- 612902200190
- Size
- 3,418 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- SUBD. REF NO# 6129 SUBDIVISION NAME: PADRE ISLAND #4
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 2018
- Floors in Building
- 1
- Flooring type
- Tile
- Building materials
- Rock, Stucco
- Roof type
- Shingle
Listing Agency
Coldwell Banker Island Escapes
(361) 949-7077
14945 S Padre Island Dr, Corpus Christi, TX
Listed by
Cindy Molnar · License #0399696
(361) 549-5557
Added: Aug 18, 2025 Checked: Jul 17 at 11:06 am
MLS# 463681
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 two-unit duplex is an investment property with a rental history. Each unit has a private entry, two-car garage, 3 bedrooms, and two full baths. Each unit also features a study, an open living area, a custom kitchen with white cabinets, granite countertops, and stainless steel appliances. The property includes a separate laundry room and tile floors throughout. The building is well-maintained inside and out. The property is located in Corpus Christi, TX, and the lot size is 0.31 acres. The property size is 3418 square feet.
Key Highlights
- Excellent rental history making this a great investment property.
- Two units, each boasting 3 bedrooms and 2 full baths.
- Enjoy the convenience of a private entry and two‑car garage for each unit.
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 | $49.2k | $14.40 |
| − Vacancy | −$5.9k | −$1.72 |
| EGI | $43.3k | $12.68 |
| − OpEx | −$13.0k | −$3.80 |
| NOI | $30.3k | $8.87 |
3,418 SF · lease $14.40/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$433.3K
$379.1K – $505.5K
NOI $30,329 @ 7.0% cap · market cap 4.44%
Second Best
Apartment 5plus
$383.1K
$335.2K – $446.9K
NOI $26,814 @ 7.0% cap · market cap 3.93%
Theoretical Best
Office A
$1.31M
$1.14M – $1.52M
NOI $91,463 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two-unit duplex with spacious bedrooms, modern kitchens, and two-car garages.
Where is this duplex located?
The property is located at 15642 Cruiser Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $682,500.
What are key features of this property?
This property features: Excellent rental history making this a great investment property.; Two units, each boasting 3 bedrooms and 2 full baths.; Enjoy the convenience of a private entry and two‑car garage for each unit.
