Duplex with Remodeled
For Sale
$340,000
325 Louisiana Ave, Corpus Christi, TX 78404
1937 duplex offers original hardwood floors, tiled bathrooms, indoor laundry hookups, and a large backyard.
Property Size2,616 SF
Days on Market225
Property Features for 325 Louisiana Ave
General Information
Standard status
Active
Size
2,616 SF
Property subtype
Duplex
Building Details
Building Size
2,616 SF
Year Built
1937
Buildings
1
Listing Agency:
Coldwell Banker Pacesetter Steel
Listed By:
Doug Nichols · License #0747730
(361) 739-2251
Source:
National-onerealty
Added: Feb 5
Changed: Sep 10
Last Checked: Sep 18 at 10:37AM
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 Coldwell Banker Pacesetter Steel
Investment Insights
Based on property information with market context.
This duplex at 325 Louisiana Ave, Corpus Christi, TX 78404 was built in 1937 and features original hardwood floors and beautifully tiled bathrooms. Each unit includes a spacious layout with a large living area, a downstairs kitchen, a dining room, a half bath, and indoor laundry hookups. Upstairs, you’ll find two generously sized bedrooms and a full bathroom.
One of the units has undergone a recent remodel. The property also includes a large backyard that can support outdoor entertaining and everyday use.
Offered as a duplex investment opportunity, the property’s configuration is well suited for an owner looking to combine residence and rental income in the same building.
One of the units has undergone a recent remodel. The property also includes a large backyard that can support outdoor entertaining and everyday use.
Offered as a duplex investment opportunity, the property’s configuration is well suited for an owner looking to combine residence and rental income in the same building.
Key Highlights
- Built in 1937
- One unit recently remodeled
- Original hardwood floors
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
$26,695
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
7.85%
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%
$533,900
$533.9K
Cap Rate 7%
$381,357
$381.4K
Cap Rate 9%
$296,611
$296.6K
Market Conditions
NOI Build-Up for 2,616 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
$43.3K $16.56/SF
− Vacancy
−$5.2K −$1.98/SF
EGI
$38.1K $14.58/SF
− OpEx
−$11.4K −$4.37/SF
NOI
$26.7K $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 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%
$533,900
Cap Rate 7%
$381,357
Cap Rate 9%
$296,611
Alternative Uses
Best Use
Multifamily LT 5
$381.4K
$333.7K – $444.9K
NOI $26,695 @ 7.0% cap · market cap 7.85%
Second Best
Apartment 5plus
$349.2K
$305.6K – $407.4K
NOI $24,446 @ 7.0% cap · market cap 7.19%
Theoretical Best
Office A
$622.5K
$544.7K – $726.2K
NOI $43,572 @ 7.0% cap · market cap 12.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
772
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - 1937 duplex offers original hardwood floors, tiled bathrooms, indoor laundry hookups, and a large backyard.
Where is this duplex located?
The property is located at 325 Louisiana Ave Corpus Christi, TX.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Built in 1937; One unit recently remodeled; Original hardwood floors
