Six-Unit Multifamily
For Sale
$499,000
2851 Highland Avenue, Corpus Christi, TX 78405
MULTI_FAMILY - Corpus Christi, TX
Property Size4,108 SF
Lot Size0.42 Acres
Price / SF$121.47
Days on Market52
Property Features for 2851 Highland Avenue
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
On Street
Appliances
ElectricOven, ElectricRange
Subdivision
Montrose Park
Elementary school
Zavala
Middle school
Martin
High school
Miller
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
532400040040
Size
4,108 SF
Lot size
0.42 Acres
Taxes and HOA fees
Tax Description
MONTROSE PARK BLK 4 LOT 4A
Tax Annual Amount
11461
Legal Description
MONTROSE PARK BLK 4 LOT 4A
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2006
Floors in Building
1
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Added: Jun 12
Changed: Jul 29
Last Checked: Aug 2 at 5:06AM
MLS# 478052
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 6-unit multifamily property offers six separate 2-bedroom, 1-bath floor plans. Each unit is equipped with central air and heat, supporting year-round comfort for residents. Washer and dryer hookups are included in every unit, providing an in-unit convenience that can help support tenant retention. The property also includes a dedicated on-site parking lot for tenant use.
The building is located at 2851 Highland Avenue in Corpus Christi, Texas, in Nueces County. The listing describes the asset as being in central Corpus Christi, with proximity to employment, shopping, dining, and major transportation corridors.
For tenants and buyers seeking a smaller residential income asset, the uniform unit mix and in-unit laundry hookups are practical features for day-to-day living and leasing. The property is reported as fully occupied, and tenants pay their own utilities, which may reduce owner utility expenses. With on-site parking and consistent unit layouts across all six units, this offering may appeal to investors looking for a straightforward 6-plex configuration in central Corpus Christi.
The building is located at 2851 Highland Avenue in Corpus Christi, Texas, in Nueces County. The listing describes the asset as being in central Corpus Christi, with proximity to employment, shopping, dining, and major transportation corridors.
For tenants and buyers seeking a smaller residential income asset, the uniform unit mix and in-unit laundry hookups are practical features for day-to-day living and leasing. The property is reported as fully occupied, and tenants pay their own utilities, which may reduce owner utility expenses. With on-site parking and consistent unit layouts across all six units, this offering may appeal to investors looking for a straightforward 6-plex configuration in central Corpus Christi.
Key Highlights
- Fully occupied 6‑plex multifamily property (100% occupancy) in Corpus Christi
- All units have 2‑bedroom, 1‑bath floor plans with central air and central electric heat
- Washer and dryer hookups in each unit
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $79.9k | $19.44 |
| − Vacancy | −$10.1k | −$2.45 |
| EGI | $69.8k | $16.99 |
| − OpEx | −$31.4k | −$7.65 |
| NOI | $38.4k | $9.34 |
4,108 SF · lease $19.44/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$548.4K
$479.9K – $639.8K
NOI $38,388 @ 7.0% cap · market cap 7.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$977.5K
$855.3K – $1.14M
NOI $68,423 @ 7.0% cap · market cap 13.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
885
Businesses Nearby
Explore this area
Business Placement
Demographics for 78405, TX
14,151
Population
6,068
Households
2.3
Avg Household Size
37
Median Age
4%
College-Educated
62%
High-School Grad
5.1 sq mi
ZIP Area
2,775
Density / Sq Mi
$37,188
Median Household Income
$25,323
Median Earnings
$1,030
Median Rent
$75,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Six fully occupied two-bedroom units each include washer and dryer hookups and on-site parking.
Where is this apartment building located?
The property is located at 2851 Highland Avenue Corpus Christi, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Fully occupied 6‑plex multifamily property (100% occupancy) in Corpus Christi; All units have 2‑bedroom, 1‑bath floor plans with central air and central electric heat; Washer and dryer hookups in each unit
