Three-Cottage
For Sale
$299,500
402 406 408 E Nopal, Rockport, TX 78382
Residential Income, ROCKPORT, TX
Property Size1,933 SF
Lot Size0.19 Acres
Price / SF$154.94
Days on Market62
Property Features for 402 406 408 E Nopal
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning
Residential
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bedroom 1, Bathroom 3, Bedroom 5, Bathroom 2, Bedroom 2, Bathroom 1, Bedroom 4
Parking features
Paved or Surfaced
Subdivision
Smith and Wood
Lot features
Corner, Inside Lot, Trees
Elementary school district
RFISD
Middle school district
RFISD
High school district
RFISD
Standard status
Active
Size
1,933 SF
Lot size
0.19 Acres
Building Details
Floors in Building
1
Number of units
3
Building materials
Pier/Beam
Roof type
Composition
Listing Agency:
KUPER SOTHEBY'S INTL. REALTY
(210) 822-8602
Listed By:
Glenda Merrell · License #0751738
(361) 229-5206
Added: Aug 14
Changed: Sep 14
Last Checked: Oct 14 at 3:06AM
MLS# 155817
Copyright © 2026 Rockport Area Association of Realtors. 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 triplex comprises three individual cottages on a 0.1881-acre corner lot, with 1,933 square feet across the property. The buildings feature pier/beam construction, composition roofing, and vinyl flooring, with a roof replacement completed in 2018. Two cottages include privacy-fenced backyards, and paved parking is provided.
The property is located in Rockport, Texas, within 2 miles of the beach, downtown, and the maritime museum. Residential zoning supports the existing residential configuration. The property is offered as-is and can accommodate long-term rentals, vacation stays, or a combination of both, with the option to occupy one cottage while renting the others.
The property is located in Rockport, Texas, within 2 miles of the beach, downtown, and the maritime museum. Residential zoning supports the existing residential configuration. The property is offered as-is and can accommodate long-term rentals, vacation stays, or a combination of both, with the option to occupy one cottage while renting the others.
Key Highlights
- Three individual cottages configured as a triplex
- 1,933 square feet on a 0.1881‑acre corner lot
- Composition roof replaced in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,867
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,340
$357.3K
Cap Rate 7%
$255,243
$255.2K
Cap Rate 9%
$198,522
$198.5K
Market Conditions
NOI Build-Up for 1,933 SF
Gross rent
$29.0K $15.00/SF
− Vacancy
−$3.5K −$1.80/SF
EGI
$25.5K $13.20/SF
− OpEx
−$7.7K −$3.96/SF
NOI
$17.9K $9.24/SF
Area
Aransas County, TX
Vacancy
11.97%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$357,340
Cap Rate 7%
$255,243
Cap Rate 9%
$198,522
Alternative Uses
Best Use
Multifamily LT 5
$255.2K
$223.3K – $297.8K
NOI $17,867 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$226.2K
$197.9K – $263.9K
NOI $15,833 @ 7.0% cap · market cap 5.29%
Theoretical Best
Office A
$738.9K
$646.6K – $862.1K
NOI $51,726 @ 7.0% cap · market cap 17.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 78382, TX
19,432
Population
13,048
Households
1.5
Avg Household Size
53
Median Age
30%
College-Educated
92%
High-School Grad
79.9 sq mi
ZIP Area
243
Density / Sq Mi
$63,434
Median Household Income
$38,741
Median Earnings
$1,147
Median Rent
$238,200
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?
Triplex - Residential income property with separate cottages, paved parking, and flexible rental or owner-occupant use.
Where is this triplex located?
The property is located at 402 406 408 E Nopal Rockport, TX.
What is the asking price?
The asking price for this property is $299,500.
What are key features of this property?
This property features: Three individual cottages configured as a triplex; 1,933 square feet on a 0.1881‑acre corner lot; Composition roof replaced in 2018
