Fully Occupied
For Sale
$246,000
2601 Johanna Street, Corpus Christi, TX 78415
Residential, Corpus Christi, TX
Property Size1,874 SF
Lot Size0.23 Acres
Price / SF$131.27
Days on Market184
Property Features for 2601 Johanna Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Bedroom 5, Bathroom 1, Bedroom 1, Bedroom 4, Bedroom 3, Bathroom 3, Bathroom 2, Bedroom 6
Interior features
OpenFloorplan
Appliances
FreeStandingRange, Refrigerator, RangeHood
Subdivision
Lexington
Lot features
Interior Lot
Elementary school
Los Encino
Middle school
Cunningham
High school
Moody
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
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
Legal Description
LEXINGTON BLK 2 LOT 15
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating), Zoned
Cooling system
Central Air, Zoned
Water source
Public
Building Details
Year built
1952
Floors in Building
1
Flooring type
Laminate
Roof type
Shingle
Listing Agency:
KM Premier Real Estate
(361) 991-5263
Listed By:
Ashley Babbitt · License #0722251
(361) 800-5172
Added: Apr 16
Changed: Sep 30
Last Checked: Oct 16 at 7:06AM
MLS# 474914
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.
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Investment Insights
Based on property information with market context.
This 1,874-square-foot triplex, built in 1952, contains three two-bedroom, one-bath units. All three units are leased, and each is separately metered. The property includes laminate flooring, open floorplans, central air, zoned heating and cooling, electric heat, and shingle roofing. Appliances include a freestanding range, refrigerator, and range hood.
Set on 0.2296 acres in Corpus Christi, the property has public water and public sewer service. An oversized backyard includes an existing tap and meter associated with the potential addition of a fourth unit. The property is near SPID and within walking distance of local businesses, with shopping, schools, restaurants, and everyday services a short drive away.
Set on 0.2296 acres in Corpus Christi, the property has public water and public sewer service. An oversized backyard includes an existing tap and meter associated with the potential addition of a fourth unit. The property is near SPID and within walking distance of local businesses, with shopping, schools, restaurants, and everyday services a short drive away.
Key Highlights
- Three 2‑bedroom, 1‑bath units; all are currently leased
- 1,874 square feet on 0.2296 acres
- Each unit is separately metered
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,322
Cap Rate
7.04%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,440
$346.4K
Cap Rate 7%
$247,457
$247.5K
Cap Rate 9%
$192,467
$192.5K
Market Conditions
NOI Build-Up for 1,874 SF
Gross rent
$28.1K $15.00/SF
− Vacancy
−$3.4K −$1.80/SF
EGI
$24.7K $13.20/SF
− OpEx
−$7.4K −$3.96/SF
NOI
$17.3K $9.24/SF
Area
ZIP 78415
Vacancy
11.97%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$346,440
Cap Rate 7%
$247,457
Cap Rate 9%
$192,467
Alternative Uses
Best Use
Multifamily LT 5
$247.5K
$216.5K – $288.7K
NOI $17,322 @ 7.0% cap · market cap 7.04%
Second Best
Apartment 5plus
$219.3K
$191.9K – $255.8K
NOI $15,350 @ 7.0% cap · market cap 6.24%
Theoretical Best
Office A
$445.9K
$390.2K – $520.2K
NOI $31,213 @ 7.0% cap · market cap 12.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
619
Businesses Nearby
Explore this area
Business Placement
Demographics for 78415, TX
38,722
Population
15,465
Households
2.5
Avg Household Size
36
Median Age
11%
College-Educated
80%
High-School Grad
109.2 sq mi
ZIP Area
355
Density / Sq Mi
$53,803
Median Household Income
$31,748
Median Earnings
$1,166
Median Rent
$135,600
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?
Triplex - Three separately metered rental units with an oversized backyard and an existing utility tap and meter for possible expansion.
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 $246,000.
What are key features of this property?
This property features: Three 2‑bedroom, 1‑bath units; all are currently leased; 1,874 square feet on 0.2296 acres; Each unit is separately metered
