Quadplex with Split AC
For Sale
$210,000
3520 Lou Street, Corpus Christi, TX 78405
MULTI_FAMILY - Corpus Christi, TX
Property Size1,797 SF
Lot Size0.17 Acres
Price / SF$116.86
Days on Market263
Property Features for 3520 Lou Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 6, Bathroom 4, Bedroom 5, Bedroom 1, Bedroom 2, Bedroom 4, Bathroom 1, Bathroom 3, Bedroom 3, Bathroom 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
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
Building Details
Year built
1950
Floors in Building
1
Flooring type
Unfinished, Laminate, Hardwood
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: Aug 2
Last Checked: Aug 4 at 1:06PM
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.
Investment Insights
Based on property information with market context.
This quadplex features three free-standing efficiency apartments with kitchenettes equipped with appliances and convenient off-street parking, along with a fourth property that offers three bedrooms and ample space. Each unit uses split, ductless air conditioning systems, and the properties are described as well maintained.
The building is frame construction with shingle siding and a shingle roof. The home was built in 1950 and is set on a 0.17-acre lot. The property includes a garden area, public water service, and public sewer.
Interior details noted include ductless heating, laminate and hardwood flooring, and electric cooking appliances such as an electric oven, electric range, free-standing range, range hood, and refrigerator. Flooring and finishes are described as unfinished, laminate, and hardwood across the units.
The building is frame construction with shingle siding and a shingle roof. The home was built in 1950 and is set on a 0.17-acre lot. The property includes a garden area, public water service, and public sewer.
Interior details noted include ductless heating, laminate and hardwood flooring, and electric cooking appliances such as an electric oven, electric range, free-standing range, range hood, and refrigerator. Flooring and finishes are described as unfinished, laminate, and hardwood across the units.
Key Highlights
- 0.17‑acre quadplex site with 1,797 SF total building area
- Three free‑standing efficiency apartments plus one three‑bedroom unit
- Split, ductless AC systems in each unit
Financial Insights For Multifamily LT 5
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 | $29.8k | $16.56 |
| − Vacancy | −$3.6k | −$1.98 |
| EGI | $26.2k | $14.58 |
| − OpEx | −$7.9k | −$4.37 |
| NOI | $18.3k | $10.20 |
1,797 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$262.0K
$229.2K – $305.6K
NOI $18,337 @ 7.0% cap · market cap 8.73%
Second Best
Apartment 5plus
$239.9K
$209.9K – $279.9K
NOI $16,793 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$427.6K
$374.1K – $498.9K
NOI $29,931 @ 7.0% cap · market cap 14.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
495
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?
Quadplex - Three efficiency apartments plus a three-bedroom unit with split AC systems 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 $210,000.
What are key features of this property?
This property features: 0.17‑acre quadplex site with 1,797 SF total building area; Three free‑standing efficiency apartments plus one three‑bedroom unit; Split, ductless AC systems in each unit
