12-Unit Multifamily
160 N 13th Street Aransas Pass, TX 78336
160 N 13th Street, Aransas Pass, TX, 78336
$775,000
For Sale
$775,000
Fully occupied 12-unit residential income property with 1- and 2-bedroom layouts and central electric heat and air.
Property Size7,124 SF
Lot Size0.74 Acres
Price / SF$108.79
Days on Market102
Property Features for 160 N 13th Street
General Information
- Standard status
- Active
- Size
- 7,124 SF
- Lot size
- 0.74 Acres
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1982
Listing agency
Vaden MacLeod Real Estate
(361) 523-1494
Listed by
Autumn MacLeod
(361) 523-1494
Source
Xome
Added: Apr 11 Updated: Jul 10 at 1:48PM Checked: Jun 5 at 1:56AM
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 Vaden MacLeod Real Estate
Investment Insights
Based on property information with market context.
This fully occupied 12-unit multifamily property offers a mix of 1- and 2-bedroom units. Each unit is served by central electric heat and air, with city utilities throughout. The building is single-story, with a total building size of 7,124 square feet on a 32,340-square-foot site.
The property is located at 160 N 13th Street in Aransas Pass, Texas. Public remarks indicate it is minutes from Aransas Pass High School and close to downtown shopping and restaurants.
For buyers seeking a turn-key residential income asset, the existing tenant occupancy provides an immediate operational starting point. Because appointments are required and the owner requests that prospective visitors not walk the property without scheduling, interested parties should coordinate a showing through the listing broker.
The property is located at 160 N 13th Street in Aransas Pass, Texas. Public remarks indicate it is minutes from Aransas Pass High School and close to downtown shopping and restaurants.
For buyers seeking a turn-key residential income asset, the existing tenant occupancy provides an immediate operational starting point. Because appointments are required and the owner requests that prospective visitors not walk the property without scheduling, interested parties should coordinate a showing through the listing broker.
Key Highlights
- Fully occupied 12‑unit multi‑unit residential property with 1- and 2‑bedroom layouts
- Single‑story construction with 7,124 building SF on a 32,340 SF interior lot
- Central electric heat and central air, plus ceiling fans throughout
Local Financial Insights For Apartment 5plus
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 | $121.4k | $17.04 |
| − Vacancy | −$15.3k | −$2.15 |
| EGI | $106.1k | $14.89 |
| − OpEx | −$47.7k | −$6.70 |
| NOI | $58.4k | $8.19 |
7,124 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$833.6K
$729.4K – $972.6K
NOI $58,354 @ 7.0% cap · market cap 7.53%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$3.65M
$3.20M – $4.26M
NOI $255,823 @ 7.0% cap · market cap 33.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
South Padre Island ...
Medical Clinic
South Padre Island ...
Pediatrician
NBH Physician Services
Medical Clinic
Dr. Jorge S. ...
Pediatrician
Dharmendra Verma
Physician
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FAQs
What type of property is this?
Apartment building - Fully occupied 12-unit residential income property with 1- and 2-bedroom layouts and central electric heat and air.
Where is this apartment building located?
The property is located at 160 N 13th Street Aransas Pass, TX.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: Fully occupied 12‑unit multi‑unit residential property with 1- and 2‑bedroom layouts; Single‑story construction with 7,124 building SF on a 32,340 SF interior lot; Central electric heat and central air, plus ceiling fans throughout
