Four-Unit Property with
For Sale
$199,000
3520 Lou Street, Corpus Christi, TX 78405
Residential, Corpus Christi, TX
Property Size1,797 SF
Lot Size0.17 Acres
Price / SF$110.74
Days on Market355
Property Features for 3520 Lou Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 4, Bathroom 2, Bathroom 1, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bedroom 2
Parking
4
Parking features
Off Street
Exterior features
Garden
Appliances
ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
Subdivision
Meadow Park
Lot features
Interior Lot, Subdivided
Elementary school
Zavala
Middle school
Driscoll
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
500000040240
Size
1,797 SF
Lot size
0.17 Acres
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Description
MEADOW PARK BLK 4 LOT 24
Tax Annual Amount
2863
Legal Description
MEADOW PARK BLK 4 LOT 24
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Ductless
Water source
Public
Amenities
split air conditioning systems
backyard
Building Details
Year built
1950
Floors in Building
1
Flooring type
Hardwood, Unfinished, Laminate
Building materials
Frame, ShingleSiding
Roof type
Shingle
Listing Agency:
Kessling Services
(361) 857-6789
Listed By:
Joseph Kessling · License #0216749
(361) 548-9190
Added: Nov 14, 2025
Changed: Nov 2
Last Checked: Nov 3 at 1:06AM
MLS# 467811
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.
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Investment Insights
Based on property information with market context.
This four-unit residential property includes three efficiency apartments with kitchenettes and appliances, plus a separate three-bedroom, two-bathroom residence. Split-system air conditioning serves the efficiency units, while the larger residence has two split systems. The improvements total 1,797 square feet on a 0.1722-acre parcel and feature frame construction, shingle siding, hardwood and laminate flooring, and shingle roofing.
The property is located at 3520 Lou Street in Corpus Christi, Texas. On-site features include off-street parking, a backyard, public water, and public sewer. The property was built in 1950 and includes electric ovens, ranges, refrigerators, and range hoods within the residential units.
The property is located at 3520 Lou Street in Corpus Christi, Texas. On-site features include off-street parking, a backyard, public water, and public sewer. The property was built in 1950 and includes electric ovens, ranges, refrigerators, and range hoods within the residential units.
Key Highlights
- Four‑unit configuration with three efficiency apartments and one three‑bedroom, two‑bathroom residence
- 1,797 square feet of total property size on a 0.1722‑acre lot
- Three efficiency units include kitchenettes and appliances
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,793
Cap Rate
8.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$335,860
$335.9K
Cap Rate 7%
$239,900
$239.9K
Cap Rate 9%
$186,589
$186.6K
Market Conditions
NOI Build-Up for 1,797 SF
Gross rent
$34.9K $19.44/SF
− Vacancy
−$4.4K −$2.45/SF
EGI
$30.5K $16.99/SF
− OpEx
−$13.7K −$7.65/SF
NOI
$16.8K $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%
$335,860
Cap Rate 7%
$239,900
Cap Rate 9%
$186,589
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 9.21%
Second Best
Apartment 5plus
$239.9K
$209.9K – $279.9K
NOI $16,793 @ 7.0% cap · market cap 8.44%
Theoretical Best
Office A
$427.6K
$374.1K – $498.9K
NOI $29,931 @ 7.0% cap · market cap 15.04%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
544
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Four separate residential units with kitchenettes, appliances, split-system climate control, and off-street parking.
Where is this quadplex located?
The property is located at 3520 Lou Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: Four‑unit configuration with three efficiency apartments and one three‑bedroom, two‑bathroom residence; 1,797 square feet of total property size on a 0.1722‑acre lot; Three efficiency units include kitchenettes and appliances
