Three-Cottage Residential
402 406 408 E Nopal Street, Rockport, TX 78382
MULTI_FAMILY - Rockport, TX
Property size:
1,933 SFLot size:
0.19 AcresPrice / SF:
$154/SF- Added:
- Apr 27, 2025
- Days on Market:
- 417
- Last Refresh:
- Jun 17 at 6:06 am
Property Features for 402 406 408 E Nopal Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- R-2
- Bathrooms
- 3
- Rooms
- Bathroom 2, Bathroom 3, Bathroom 1
- Patio and Porch features
- Deck
- Interior features
- WindowTreatments
- Exterior features
- Deck
- Appliances
- ElectricOven, ElectricRange, FreeStandingRange, GasOven, GasRange, Refrigerator
- Standard status
- Active
- APN
- 5550054015000
- Size
- 1,933 SF
- Lot size
- 0.19 Acres
Taxes and HOA fees
- Tax Description
- SMITH AND WOOD, BLOCK 54, LOT 15 & 16
- Tax Annual Amount
- 4807
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Window Unit(s), Ductless
- Water source
- Public
Building Details
- Year built
- 1940
- Number of units
- 3
- Flooring type
- Vinyl
- Building materials
- WoodSiding
- Roof type
- Shingle
Listing agent Glenda Merrell License #0751738 (361) 229-5206
Listing office Key Allegro Real Estate 1798 Bay Shore, Rockport, TX (361) 729-3691
Listing date Apr 27, 2025
MLS# 458269
Listing URL
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.
HighLights
- Three individual cottages on a corner lot—ready to rent as long‑term rentals, vacation stays, or a mix
- New roof installed in 2018; home is wood siding with a shingle roof
- Vinyl flooring throughout; window treatments included
- Unit heating and cooling include ductless systems and window unit(s)
- Each cottage includes a deck; units 2 and 3 have privacy‑fenced back yards
- Utilities: public water and public sewer; appliances include refrigerator, electric and gas ranges/ovens
Overview
This offering consists of three individual cottages on a corner lot, configured to rent as separate units. The property includes vinyl flooring and a roof replacement completed in 2018. Two of the cottages feature privacy-fenced back yards, creating a bit of outdoor separation between tenants. Unit 1 is identified as the green house, while Unit 2 and Unit 3 are identified as the yellow and blue houses, respectively. The property is being sold AS IS, presenting an opportunity for investors who want to evaluate current condition and align rents and operations to their strategy.
The cottages sit on a 0.19-acre corner lot in Rockport, TX. The public remarks note that the area is accessible by golf cart to local destinations, and that the beach, downtown, and the maritime museum are located less than 2 miles away. This close-in coastal positioning can support a mix of use, including longer-term rentals, vacation stays, or a combination of both.
For buyers seeking residential income with operational flexibility, the three-unit layout is well suited to a live-in and rent approach as well as a fully rented model. With privacy fencing on two units and multiple independent cottages, the property can appeal to investors looking to market distinct rental spaces while keeping the overall asset simple to manage as a small portfolio.
The cottages sit on a 0.19-acre corner lot in Rockport, TX. The public remarks note that the area is accessible by golf cart to local destinations, and that the beach, downtown, and the maritime museum are located less than 2 miles away. This close-in coastal positioning can support a mix of use, including longer-term rentals, vacation stays, or a combination of both.
For buyers seeking residential income with operational flexibility, the three-unit layout is well suited to a live-in and rent approach as well as a fully rented model. With privacy fencing on two units and multiple independent cottages, the property can appeal to investors looking to market distinct rental spaces while keeping the overall asset simple to manage as a small portfolio.
Local 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 | $29.0k | $15.00 |
| − Vacancy | −$3.5k | −$1.80 |
| EGI | $25.5k | $13.20 |
| − OpEx | −$7.7k | −$3.96 |
| NOI | $17.9k | $9.24 |
1,933 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
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 local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Rockport
- County
- Aransas
- State
- Texas
- Longitude
- -97.057465
- Latitude
- 28.029163
Nearby Similar for Sale
FAQs
What type of property is this?
Triplex - Three rental cottages on a corner lot, offering flexible long-term or vacation-ready income potential.
Where is this triplex located?
The property is located at 402 406 408 E Nopal Street 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 on a corner lot—ready to rent as long‑term rentals, vacation stays, or a mix; New roof installed in 2018; home is wood siding with a shingle roof; Vinyl flooring throughout; window treatments included
