Six-Unit Multifamily
2851 Highland Avenue Corpus Christi, TX 78405
2851 Highland Avenue, Corpus Christi, TX, 78405
$499,000
For Sale
$499,000
MULTI_FAMILY - Corpus Christi, TX
Property Size4,108 SF
Lot Size0.42 Acres
Price / SF$121.47
Days on Market36
Property Features for 2851 Highland Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- On Street
- Appliances
- ElectricOven, ElectricRange
- 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
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
4926 Everhart, Portland, TX
Listed by
Brooke LaClair · License #0618863
(361) 765-1003
Added: Jun 12 Checked: Jul 17 at 5:06 pm
MLS# 478052
Listing URL
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
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
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
