Triplex with Two-Car Detached
For Sale
$289,900
2801 Lawnview Street, Corpus Christi, TX 78404
MULTI_FAMILY - Corpus Christi, TX
Property Size2,680 SF
Lot Size0.24 Acres
Price / SF$108.17
Days on Market50
Property Features for 2801 Lawnview Street
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
4
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 2
Parking features
Off Street
Interior features
CableTv, WindowTreatments
Fireplace
1
Appliances
ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
Subdivision
Rest Haven
Lot features
Corner Lot
Elementary school
Menger
Middle school
Wynn Seale
High school
Ray
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Directions
located at corner of Lawnview and Texas, 3 actual addresses 2801 Lawnview (upstairs), 2803 Lawnview (downstairs), 2803.5 Lawnview (efficiency behind garage)
Standard status
Active
APN
718300070170
Size
2,680 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
REST HAVEN N/2 OF LT 16 & ALL LT 17 BK 7
Tax Annual Amount
5397
Legal Description
REST HAVEN N/2 OF LT 16 & ALL LT 17 BK 7
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air, Electric, Window Unit(s)
Water source
Public
Amenities
covered patio
partially fenced backyard
Building Details
Year built
1946
Floors in Building
2
Flooring type
Carpet, Vinyl, Tile, Hardwood
Roof type
Metal, Flat, Shingle
Listing Agency:
The Village Realty
(361) 946-8981
Listed By:
Clark Smith · License #0408458
(361) 946-8981
Added: Jul 6
Changed: Aug 2
Last Checked: Aug 24 at 3:06AM
MLS# 478497
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 combines a two-story duplex and an efficiency apartment behind a detached two-car garage. The main building has two 2-bedroom, 1-bath units, each with a large living room and dining room, a kitchen with washer/dryer connections, and all-electric central heat and air. The efficiency unit is separately metered for electric and gas and shares a single water meter with the main building. The home includes a covered patio and a partially fenced backyard, plus off-street parking for three vehicles.
The property is located at the corner of Lawnview and Texas and is identified by three addresses: 2801 Lawnview (upstairs), 2803 Lawnview (downstairs), and 2803.5 Lawnview (efficiency). Interior features include cable TV and window treatments. Heating and cooling are electric, with central systems for the main units and a window unit in the efficiency. Flooring includes carpet, vinyl, tile, and hardwood, and the roof is described as metal, flat, and shingle.
Built in 1946, the triplex also lists a fireplace and conveys kitchen appliances including three stoves and three refrigerators, plus the window unit in the efficiency.
The property is located at the corner of Lawnview and Texas and is identified by three addresses: 2801 Lawnview (upstairs), 2803 Lawnview (downstairs), and 2803.5 Lawnview (efficiency). Interior features include cable TV and window treatments. Heating and cooling are electric, with central systems for the main units and a window unit in the efficiency. Flooring includes carpet, vinyl, tile, and hardwood, and the roof is described as metal, flat, and shingle.
Built in 1946, the triplex also lists a fireplace and conveys kitchen appliances including three stoves and three refrigerators, plus the window unit in the efficiency.
Key Highlights
- Two‑story duplex front with two 2‑bedroom, 1‑bath units plus rear efficiency apartment
- Efficiency is separately metered electric and gas; single water meter for the property
- Three‑address property: 2801 Lawnview, 2803 Lawnview, and 2803.5 Lawnview (corner of Lawnview and Texas)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$25,044
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,880
$500.9K
Cap Rate 7%
$357,771
$357.8K
Cap Rate 9%
$278,267
$278.3K
Market Conditions
NOI Build-Up for 2,680 SF
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.
Gross rent
$52.1K $19.44/SF
− Vacancy
−$6.6K −$2.45/SF
EGI
$45.5K $16.99/SF
− OpEx
−$20.5K −$7.65/SF
NOI
$25.0K $9.34/SF
Area
Corpus Christi, TX
Vacancy
12.60%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$500,880
Cap Rate 7%
$357,771
Cap Rate 9%
$278,267
Alternative Uses
Best Use
Multifamily LT 5
$390.7K
$341.9K – $455.8K
NOI $27,348 @ 7.0% cap · market cap 9.43%
Second Best
Apartment 5plus
$357.8K
$313.1K – $417.4K
NOI $25,044 @ 7.0% cap · market cap 8.64%
Theoretical Best
Office A
$637.7K
$558.0K – $744.0K
NOI $44,638 @ 7.0% cap · market cap 15.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
589
Businesses Nearby
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Triplex - Triplex layout includes a two-story duplex plus a separately metered efficiency unit with covered patio and off-street parking.
Where is this triplex located?
The property is located at 2801 Lawnview Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $289,900.
What are key features of this property?
This property features: Two‑story duplex front with two 2‑bedroom, 1‑bath units plus rear efficiency apartment; Efficiency is separately metered electric and gas; single water meter for the property; Three‑address property: 2801 Lawnview, 2803 Lawnview, and 2803.5 Lawnview (corner of Lawnview and Texas)
