Corpus Christi Triplex: Investor
2601 Johanna Street, Corpus Christi, TX 78415
MULTI_FAMILY - Corpus Christi, TX
Property size:
1,874 SFLot size:
0.23 AcresPrice / SF:
$132/SF- Added:
- Apr 16, 2026
- Days on Market:
- 32
- Last Refresh:
- May 17 at 9:06 am
Property Features for 2601 Johanna Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 3
- Rooms
- Bedroom 6, Bathroom 2, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 4, Bedroom 5
- Interior features
- OpenFloorplan
- Appliances
- FreeStandingRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 437500020150
- Size
- 1,874 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Description
- LEXINGTON BLK 2 LOT 15
- Tax Annual Amount
- 5028
Utilities
- Sewer type
- Public Sewer
- Heating system
- Zoned, Electric (Heating), Central
- Cooling system
- Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1952
- Floors in Building
- 1
- Flooring type
- Laminate
- Roof type
- Shingle
Listing agent Ashley Babbitt License #0722251 (361) 800-5172
Listing office KM Premier Real Estate 7002 S Staples St. Suite 104, Corpus Christi, TX (361) 991-5263
Listing date Apr 16, 2026
MLS# 474914
Listing URL
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
- Opportunity to add a 4th unit in the large backyard due to existing tap and meter, increasing cash flow.
- Immediate income from two leased units at $925/month each, with one unit vacant for owner‑occupancy or tenant placement.
- Well‑maintained triplex with strong curb appeal, indicating pride of ownership and reduced maintenance concerns.
- Individual meters for each unit simplify expense management and tenant billing.
- Convenient location near SPID, local businesses, shopping, and schools, making it attractive to renters.
- Flexible investment: suitable for investors seeking portfolio growth or owner‑occupants wanting to offset mortgage costs.
Overview
This well-maintained triplex in Corpus Christi, Texas, presents an investor opportunity with immediate income and expansion potential. The property features three 2-bedroom, 1-bath units. Two units are currently leased at $925 per month, while one unit is available. The property is located near SPID, within walking distance of local businesses, and minutes from shopping, schools, and everyday conveniences. Each unit has individual meters. The property includes a large backyard with an existing tap and meter already in place for a potential fourth unit. The property size is 1874 square feet, situated on a 0.23-acre lot.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$192.5K
NOI $17,322 @ 9.00% cap · cautious / downside scenario
Moderate
$247.5K
NOI $17,322 @ 7.00% cap · market / base-case scenario
Aggressive
$346.4K
NOI $17,322 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $15.00 |
| − Vacancy | −$3.4k | −$1.80 |
| EGI | $24.7k | $13.20 |
| − OpEx | −$7.4k | −$3.96 |
| NOI | $17.3k | $9.24 |
1,874 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 6.96%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 6.16%
Theoretical Best
Office A
$445.9K
$390.2K – $520.2K
NOI $31,213 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.424501
- Latitude
- 27.732411
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Well-maintained triplex with income and expansion potential in Corpus Christi.
Where is this triplex located?
The property is located at 2601 Johanna Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $249,000.
What are key features of this property?
This property features: Opportunity to add a 4th unit in the large backyard due to existing tap and meter, increasing cash flow.; Immediate income from two leased units at $925/month each, with one unit vacant for owner‑occupancy or tenant placement.; Well‑maintained triplex with strong curb appeal, indicating pride of ownership and reduced maintenance concerns.
