Five-Unit Apartment
New
For Sale
$375,000
3742 Up River Rd, Corpus Christi, TX 78408
Three apartments are rented, while two additional units offer room for leasing activity.
Property Size2,140 SF
Days on Market3
Property Features for 3742 Up River Rd
General Information
Standard status
Active
Size
2,140 SF
Property subtype
Investment
Additional Details
Public Transit
Yes
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$4,310
Building Details
Building Size
2,140 SF
Year Built
1935
Stories
2
Units
5
Listing Agency:
Lions Gate Realty
Listed By:
Flor Velasquez
(361) 389-8766
Source:
Elliman
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:36AM
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 Lions Gate Realty
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Investment Insights
Based on property information with market context.
This five-unit apartment property in Corpus Christi includes three rented units and two additional units. The building dates to 1935, providing a compact multifamily configuration for residential rental use.
The property is located at 3742 Up River Road. Its Walk Score is 74, Bike Score is 48, and Transit Score is 33.
The property is located at 3742 Up River Road. Its Walk Score is 74, Bike Score is 48, and Transit Score is 33.
Key Highlights
- Five apartment units
- Three units currently rented; two additional units
- Built in 1935
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,998
Cap Rate
5.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$399,960
$400.0K
Cap Rate 7%
$285,686
$285.7K
Cap Rate 9%
$222,200
$222.2K
Market Conditions
NOI Build-Up for 2,140 SF
Gross rent
$41.6K $19.44/SF
− Vacancy
−$5.2K −$2.45/SF
EGI
$36.4K $16.99/SF
− OpEx
−$16.4K −$7.65/SF
NOI
$20.0K $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%
$399,960
Cap Rate 7%
$285,686
Cap Rate 9%
$222,200
Alternative Uses
Best Use
Apartment 5plus
$285.7K
$250.0K – $333.3K
NOI $19,998 @ 7.0% cap · market cap 5.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$509.2K
$445.6K – $594.1K
NOI $35,644 @ 7.0% cap · market cap 9.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
Explore this area
Business Placement
Demographics for 78408, TX
11,023
Population
4,543
Households
2.4
Avg Household Size
37
Median Age
8%
College-Educated
69%
High-School Grad
5.9 sq mi
ZIP Area
1,868
Density / Sq Mi
$43,096
Median Household Income
$30,621
Median Earnings
$979
Median Rent
$82,300
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
Frequently Asked Questions
What type of property is this?
Apartment building - Three apartments are rented, while two additional units offer room for leasing activity.
Where is this apartment building located?
The property is located at 3742 Up River Rd Corpus Christi, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Five apartment units; Three units currently rented; two additional units; Built in 1935
