229 E Spencer, Aransas Pass, TX 78336
MULTI_FAMILY - Aransas Pass, TX
- Added:
- Feb 11, 2026
- Days on Market:
- 147
- Last Refresh:
- Jul 8 at 7:06 am
Property Features for 229 E Spencer
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 11
- Bathrooms
- 5
- Rooms
- Bedroom 5, Bathroom 1, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 2, Bedroom 11, Bedroom 9, Bedroom 10, Bedroom 3, Bedroom 6, Bedroom 4, Bathroom 3, Bathroom 5, Bedroom 7, Bedroom 8
- Parking features
- Assigned
- Standard status
- Active
- Size
- 4,368 SF
- Lot size
- 0.36 Acres
Building Details
- Floors in Building
- 1
- Number of units
- 5
- Building materials
- Frame
Listing agent James Balleza License #0688954 (713) 703-0592
Listing office KEY ALLEGRO REAL ESTATE 1798 BAYSHORE DRIVE, Rockport, TX (361) 729-3691
Listing date Feb 11, 2026
Copyright © 2026 Rockport Area Association of Realtors. 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 property in Aransas Pass with 5 fully remodeled coastal cabins
- Unit mix includes one 3‑bedroom/1‑bath unit and four 2‑bedroom/1‑bath units
- Renovations include new electrical, plumbing, and individual HVAC systems in each cabin
- Each unit has in‑unit washer and dryer plus dedicated parking, additional off‑street parking, and covered parking
- Cabins are offered fully furnished and are individually metered for water, electricity, and gas
- Frame construction with assigned parking
Overview
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 | $74.4k | $17.04 |
| − Vacancy | −$9.4k | −$2.15 |
| EGI | $65.1k | $14.89 |
| − OpEx | −$29.3k | −$6.70 |
| NOI | $35.8k | $8.19 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Aransas Pass
- County
- San Patricio
- State
- Texas
- Longitude
- -97.1507121
- Latitude
- 27.8989227
