1802 Morgan Avenue, Corpus Christi, TX 78404
MULTI_FAMILY - Corpus Christi, TX
- Added:
- Jan 12, 2026
- Days on Market:
- 159
- Last Refresh:
- Jun 20 at 3:06 am
Property Features for 1802 Morgan Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- ElectricCooktop, Refrigerator, Dryer
- Standard status
- Active
- APN
- 048800040100
- Size
- 3,232 SF
- Lot size
- 0.17 Acres
Taxes and HOA fees
- Tax Description
- BAY VIEW #3 LT 10 BLK 4 & ADJ ALLEY
- Tax Annual Amount
- 4833
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Window Unit(s)
- Water source
- Public
Building Details
- Year built
- 2017
- Floors in Building
- 2
- Flooring type
- Tile
- Roof type
- Metal
Listing agent James Magill License #0675040 (361) 425-1112
Listing office DH Realty Partners Inc 500 N Shoreline Boulevard, Corpus Christi, TX (210) 222-2424
Listing date Jan 12, 2026
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.
HighLights
- Income‑producing mixed‑use property with five residential units plus a downstairs commercial/storage space
- All units are fully leased, generating $3,800 per month in stable income
- CG‑2 (General Commercial) zoning supports a wide range of commercial uses
- Built in 2017
- Metal roof; tile flooring
- Utilities include public water and public sewer; window unit cooling
Overview
Located at 1802 Morgan Avenue in Corpus Christi, Texas (Nueces County), the property sits in a CG-2 (General Commercial) zoning district. Based on the zoning designation, the commercial component and the overall configuration support a range of commercial uses, which can be relevant for buyers evaluating how to optimize the tenant mix over time.
The current setup may appeal to investors seeking immediate cash flow from an all-occupied mixed-use structure while considering future leasing strategy. With CG-2 zoning offering flexibility, buyers can evaluate repositioning opportunities, including whether to adjust how the residential units are used and leased in order to better align with commercial demand under the applicable zoning framework. This is also a practical fit for first-time investors looking for a manageable, flexible asset that combines residential income with an on-site commercial/storage space.
Local Financial Insights For Retail
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 | $58.2k | $18.00 |
| − Vacancy | −$2.3k | −$0.72 |
| EGI | $55.8k | $17.28 |
| − OpEx | −$16.8k | −$5.18 |
| NOI | $39.1k | $12.10 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.409541
- Latitude
- 27.778452
