Renovated
For Sale
$249,500
2833 Lawnview St, Corpus Christi, TX 78404
Fully leased duplex with updated systems, split-unit A/C, and a metal roof.
Property Size1,628 SF
Days on Market68
Property Features for 2833 Lawnview St
General Information
Standard status
Active
Size
1,628 SF
Property subtype
Duplex
Occupancy
100%
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$3,112
Amenities
split-unit A/C
Building Details
Building Size
1,628 SF
Year Built
1940
Buildings
1
Listing Agency:
LPT Realty, LLC
Listed By:
Mylin Anandula · License #0716879
(832) 540-1006
Source:
National-onerealty
Added: Aug 7
Changed: Oct 2
Last Checked: Oct 13 at 3:51AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of LPT Realty, LLC
Investment Insights
Based on property information with market context.
This duplex includes two residential units, each configured with 2 bedrooms and 1 bathroom. Both units are leased, and the property has undergone substantial renovations, including plumbing and electrical updates, a metal roof, new interior and exterior paint, and split-unit A/C systems.
Built in 1940, the property is located at 2833 Lawnview St in Corpus Christi, near Driscoll Children’s Hospital, downtown Corpus Christi, the shoreline, shopping, and dining. The property is zoned for a quadruplex and includes room to build in the back.
Built in 1940, the property is located at 2833 Lawnview St in Corpus Christi, near Driscoll Children’s Hospital, downtown Corpus Christi, the shoreline, shopping, and dining. The property is zoned for a quadruplex and includes room to build in the back.
Key Highlights
- Two‑unit duplex with 2 bedrooms and 1 bathroom per unit
- Both units are fully leased
- Renovations include updated plumbing, electrical, paint, and finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,613
Cap Rate
6.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,260
$332.3K
Cap Rate 7%
$237,329
$237.3K
Cap Rate 9%
$184,589
$184.6K
Market Conditions
NOI Build-Up for 1,628 SF
Gross rent
$27.0K $16.56/SF
− Vacancy
−$3.2K −$1.98/SF
EGI
$23.7K $14.58/SF
− OpEx
−$7.1K −$4.37/SF
NOI
$16.6K $10.20/SF
Area
Corpus Christi, TX
Vacancy
11.97%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,260
Cap Rate 7%
$237,329
Cap Rate 9%
$184,589
Alternative Uses
Best Use
Multifamily LT 5
$237.3K
$207.7K – $276.9K
NOI $16,613 @ 7.0% cap · market cap 6.66%
Second Best
Apartment 5plus
$217.3K
$190.2K – $253.6K
NOI $15,213 @ 7.0% cap · market cap 6.10%
Theoretical Best
Office A
$387.4K
$339.0K – $451.9K
NOI $27,116 @ 7.0% cap · market cap 10.87%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
2
Residential units
100%
Occupancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Fully leased duplex with updated systems, split-unit A/C, and a metal roof.
Where is this duplex located?
The property is located at 2833 Lawnview St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $249,500.
What are key features of this property?
This property features: Two‑unit duplex with 2 bedrooms and 1 bathroom per unit; Both units are fully leased; Renovations include updated plumbing, electrical, paint, and finishes
