Aransas Pass Multifamily Investment
For Sale
$775,000
160 N 13th Street, Aransas Pass, TX 78336
MULTI_FAMILY - Aransas Pass, TX
Property Size7,124 SF
Lot Size0.74 Acres
Price / SF$108.79
Days on Market95
Property Features for 160 N 13th Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Off Street
Interior features
PrimaryDownstairs, CeilingFans
Exterior features
Storage
Appliances
ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
Subdivision
Aransas Pass-Gile Add
Lot features
Interior Lot
Elementary school
Aransas Pass
Middle school
Aransas Pass
High school
Aransas Pass
Elementary school district
Aransas Pass ISD
Middle school district
Aransas Pass ISD
High school district
Aransas Pass ISD
Standard status
Active
APN
50767
Size
7,124 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Description
GILE ADDN LOT 15A, 15B, 16A, 16B
Tax Annual Amount
11334
Legal Description
GILE ADDN LOT 15A, 15B, 16A, 16B
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Building Details
Year built
1982
Floors in Building
1
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Vaden MacLeod Real Estate
(361) 523-1494
Listed By:
Autumn MacLeod · License #0609498
(361) 523-1494
Added: May 21
Changed: Jul 10
Last Checked: Aug 23 at 12:06AM
MLS# 476811
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 is a fully occupied 12-unit multi-unit property located in the Coastal Bend. The property features a mix of 1- and 2-bedroom layouts with central electric heat and air. City utilities are provided throughout. The property is located minutes from Aransas Pass High School, downtown shopping, restaurants, and fishing locations on the Texas coast. The property is located on a 32,340 square foot lot and includes 7,124 building square feet across single-story construction. The property is suitable for investors looking to add a profitable asset to their portfolio.
Key Highlights
- Fully occupied 12‑unit multi‑unit property providing immediate cash flow.
- Prime location near Aransas Pass High School, downtown, restaurants, and fishing.
- Mix of 1- and 2‑bedroom units with central electric heat and air.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$58,354
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,080
$1.2M
Cap Rate 7%
$833,629
$833.6K
Cap Rate 9%
$648,378
$648.4K
Market Conditions
NOI Build-Up for 7,124 SF
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.
Gross rent
$121.4K $17.04/SF
− Vacancy
−$15.3K −$2.15/SF
EGI
$106.1K $14.89/SF
− OpEx
−$47.7K −$6.70/SF
NOI
$58.4K $8.19/SF
Area
San Patricio County, TX
Vacancy
12.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,167,080
Cap Rate 7%
$833,629
Cap Rate 9%
$648,378
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
302
Businesses Nearby
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Fully occupied 12-unit property near Aransas Pass High School.
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 property providing immediate cash flow.; Prime location near Aransas Pass High School, downtown, restaurants, and fishing.; Mix of 1- and 2‑bedroom units with central electric heat and air.
