10-Unit Furnished Apartment
New
For Sale
$1,350,000
3405 Ocean Drive, Corpus Christi, TX 78411
Residential, Corpus Christi, TX
Property Size5,532 SF
Lot Size0.31 Acres
Price / SF$244.03
Days on Market4
Property Features for 3405 Ocean Drive
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
18
Full bathrooms
10
Rooms
Bathroom 3, Bedroom 14, Bedroom 12, Bathroom 1, Bathroom 6, Bedroom 5, Bathroom 5, Bedroom 3, Bedroom 7, Bedroom 15, Bedroom 1, Bathroom 10, Bedroom 2, Bathroom 9, Bedroom 6, Bedroom 10, Bathroom 8, Bedroom 4, Bedroom 11, Bedroom 9, Bedroom 16, Bedroom 13, Bedroom 8, Bathroom 4, Bedroom 18, Bathroom 2, Bathroom 7, Bedroom 17
Appliances
Dishwasher, ElectricCooktop, ElectricWaterHeater, Disposal, Microwave
Subdivision
P A Cliffs
Lot features
City Lot
Elementary school district
Comal ISD
Middle school district
Comal ISD
High school district
Comal ISD
Directions
From S. Padre Island Dr (TX-358), take S. Staples St north toward downtown. Turn right onto Ocean Dr and continue to 3405 Ocean Dr, Corpus Christi, TX 78411.
Standard status
Active
APN
276355
Size
5,532 SF
Lot size
0.31 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
P A CLIFFS LTS 29, 30, 35 & 36 BK 14
Tax Annual Amount
25000
Legal Description
P A CLIFFS LTS 29, 30, 35 & 36 BK 14
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Water front
1
Amenities
in-unit washer and dryer
Building Details
Year built
1970
Floors in Building
2
Number of units
10
Flooring type
Tile
Building materials
Brick
Architectural style
Modern
Listing Agency:
Listed Simply
(800) 995-5879
Listed By:
Sinan Zakaria · License #0855518
(619) 654-9866
Added: Oct 6
Changed: Oct 9
Last Checked: Oct 9 at 7:06PM
MLS# 627385
Copyright © 2026 Central Texas Multiple Listing Service. 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 10-unit apartment property contains eight two-bedroom, one-bath residences and two one-bedroom, one-bath residences. Each unit is furnished and has an in-unit washer and dryer. The building dates to 1970 and has brick construction, tile flooring, central heating, and central air conditioning. Its 5,532 square feet sit on a 0.3054-acre lot.
Located on Ocean Drive in Corpus Christi, the property offers access to the bayfront, downtown, hospitals and medical centers, universities, employment centers, dining, and recreation.
Located on Ocean Drive in Corpus Christi, the property offers access to the bayfront, downtown, hospitals and medical centers, universities, employment centers, dining, and recreation.
Key Highlights
- 10 furnished rental units: eight two‑bedroom, one‑bath residences and two one‑bedroom, one‑bath residences
- In‑unit washer and dryer in each residence
- 5,532‑square‑foot building on a 0.3054‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,695
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,900
$1.0M
Cap Rate 7%
$738,500
$738.5K
Cap Rate 9%
$574,389
$574.4K
Market Conditions
NOI Build-Up for 5,532 SF
Gross rent
$107.5K $19.44/SF
− Vacancy
−$13.6K −$2.45/SF
EGI
$94.0K $16.99/SF
− OpEx
−$42.3K −$7.65/SF
NOI
$51.7K $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 Rate 5%
$1,033,900
Cap Rate 7%
$738,500
Cap Rate 9%
$574,389
Alternative Uses
Best Use
Apartment 5plus
$738.5K
$646.2K – $861.6K
NOI $51,695 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.15M – $1.54M
NOI $92,141 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
10
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
527
Businesses Nearby
Explore this area
Business Placement
Demographics for 78411, TX
26,150
Population
10,497
Households
2.5
Avg Household Size
40
Median Age
25%
College-Educated
87%
High-School Grad
6.1 sq mi
ZIP Area
4,287
Density / Sq Mi
$60,387
Median Household Income
$31,756
Median Earnings
$1,199
Median Rent
$178,800
Median Home Value
Check the figures for this property
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?
Apartment building - The residences have in-unit laundry and a mix of one- and two-bedroom floor plans.
Where is this apartment building located?
The property is located at 3405 Ocean Drive Corpus Christi, TX.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 10 furnished rental units: eight two‑bedroom, one‑bath residences and two one‑bedroom, one‑bath residences; In‑unit washer and dryer in each residence; 5,532‑square‑foot building on a 0.3054‑acre lot
