Updated Triplex with Covered
For Sale
$330,000
2701 Nemec Street, Corpus Christi, TX 78415
Residential, Corpus Christi, TX
Property Size3,080 SF
Lot Size0.30 Acres
Price / SF$107.14
Days on Market61
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Property Features for 2701 Nemec Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning
R-1B
Zoning description
R-1B
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 4, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 3, Bathroom 3, Bedroom 7, Bedroom 2
Parking features
Covered, Carport
Interior features
OpenFloorplan, SplitBedrooms, BreakfastBar
Appliances
ElectricOven, ElectricRange
Subdivision
Nemec
Lot features
Interior Lot
Elementary school
G Hicks
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
571600030280
Size
3,080 SF
Lot size
0.30 Acres
Taxes and HOA fees
Tax Description
NEMEC BLK 3 LOT 28
Tax Annual Amount
6285
Legal Description
NEMEC BLK 3 LOT 28
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Central Air, Window Unit(s), Ductless
Water source
Public
Building Details
Year built
1957
Floors in Building
1
Number of units
3
Flooring type
Tile, Laminate
Roof type
Shingle
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Justin Colmenero · License #0581190
(361) 728-3313
Added: Aug 16
Changed: Sep 21
Last Checked: Oct 15 at 5:06PM
MLS# 480997
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.
Investment Insights
Based on property information with market context.
This triplex contains 3,080 square feet of living space across three residences on a 13,125-square-foot lot. The primary unit measures 1,590 square feet and includes 4 bedrooms, 2 bathrooms, central air and heat, an open floor plan, and split-bedroom design. The two additional units are each 790 square feet with 2 bedrooms and 1 bathroom. All residences include electric cooking appliances, while flooring combines laminate and tile. Cooling and heating systems vary by unit, including central air, ductless equipment, and a window unit.
Built in 1957 and updated over time, the property is zoned R-1B and has public water and public sewer. An extended driveway and covered carport provide on-site parking. The property is located on Nemec Street in Corpus Christi, near shopping, dining, and major roadways. All three units are occupied under fixed leases.
Built in 1957 and updated over time, the property is zoned R-1B and has public water and public sewer. An extended driveway and covered carport provide on-site parking. The property is located on Nemec Street in Corpus Christi, near shopping, dining, and major roadways. All three units are occupied under fixed leases.
Key Highlights
- 3,080 SF of combined living space across 3 units
- 13,125 sq ft lot with 37.5 ft of street frontage
- Unit mix includes one 1,590 sq ft residence and two 790 sq ft residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,469
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$569,380
$569.4K
Cap Rate 7%
$406,700
$406.7K
Cap Rate 9%
$316,322
$316.3K
Market Conditions
NOI Build-Up for 3,080 SF
Gross rent
$46.2K $15.00/SF
− Vacancy
−$5.5K −$1.80/SF
EGI
$40.7K $13.20/SF
− OpEx
−$12.2K −$3.96/SF
NOI
$28.5K $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%
$569,380
Cap Rate 7%
$406,700
Cap Rate 9%
$316,322
Alternative Uses
Best Use
Multifamily LT 5
$406.7K
$355.9K – $474.5K
NOI $28,469 @ 7.0% cap · market cap 8.63%
Second Best
Apartment 5plus
$360.4K
$315.4K – $420.5K
NOI $25,229 @ 7.0% cap · market cap 7.65%
Theoretical Best
Office A
$732.9K
$641.3K – $855.0K
NOI $51,300 @ 7.0% cap · market cap 15.55%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
704
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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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separately configured residences share a sizeable lot, with public utilities, fixed leases, and a covered carport.
Where is this triplex located?
The property is located at 2701 Nemec Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $330,000.
What are key features of this property?
This property features: 3,080 SF of combined living space across 3 units; 13,125 sq ft lot with 37.5 ft of street frontage; Unit mix includes one 1,590 sq ft residence and two 790 sq ft residences
