Duplex with Fenced
For Sale
$195,000
1802 16th St, Corpus Christi, TX 78404
Two residential units combine three-bedroom layouts, dedicated parking, and individual outdoor areas.
Property Size1,575 SF
Days on Market62
Property Features for 1802 16th St
General Information
Standard status
Active
Size
1,575 SF
Property subtype
Duplex
Units
Multifamily Units
2
Parking per Unit
1
Taxes and HOA fees
Annual Taxes
$4,607
Building Details
Building Size
1,575 SF
Year Built
1980
Listing Agency:
ValTex Realty
Listed By:
Joe Monceballez · License #0586828
(361) 960-1779
Source:
National-onerealty
Added: Aug 17
Changed: Oct 9
Last Checked: Oct 16 at 6:19PM
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 ValTex Realty
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Investment Insights
Based on property information with market context.
Built in 1980, this duplex contains two residential units, each arranged with three bedrooms, one bathroom, and a spacious living area. Separate fenced yards provide each unit with its own outdoor space, while dedicated parking is assigned to both residences.
The property is located at 1802 16th St in Corpus Christi’s 6 Points area, with downtown nearby. Its two-unit configuration and individual outdoor areas provide a straightforward setup for residential income use.
The property is located at 1802 16th St in Corpus Christi’s 6 Points area, with downtown nearby. Its two-unit configuration and individual outdoor areas provide a straightforward setup for residential income use.
Key Highlights
- Two‑unit duplex in Corpus Christi’s 6 Points area
- Each unit includes 3 bedrooms and 1 bathroom
- Spacious living areas in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,072
Cap Rate
8.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$321,440
$321.4K
Cap Rate 7%
$229,600
$229.6K
Cap Rate 9%
$178,578
$178.6K
Market Conditions
NOI Build-Up for 1,575 SF
Gross rent
$26.1K $16.56/SF
− Vacancy
−$3.1K −$1.98/SF
EGI
$23.0K $14.58/SF
− OpEx
−$6.9K −$4.37/SF
NOI
$16.1K $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%
$321,440
Cap Rate 7%
$229,600
Cap Rate 9%
$178,578
Alternative Uses
Best Use
Multifamily LT 5
$229.6K
$200.9K – $267.9K
NOI $16,072 @ 7.0% cap · market cap 8.24%
Second Best
Apartment 5plus
$210.3K
$184.0K – $245.3K
NOI $14,718 @ 7.0% cap · market cap 7.55%
Theoretical Best
Office A
$374.8K
$327.9K – $437.2K
NOI $26,233 @ 7.0% cap · market cap 13.45%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
925
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?
Duplex - Two residential units combine three-bedroom layouts, dedicated parking, and individual outdoor areas.
Where is this duplex located?
The property is located at 1802 16th St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $195,000.
What are key features of this property?
This property features: Two‑unit duplex in Corpus Christi’s 6 Points area; Each unit includes 3 bedrooms and 1 bathroom; Spacious living areas in both units
