Three-Cottage
For Sale
$299,500
402 E Nopal Street, Rockport, TX 78382
Residential, Rockport, TX
Property Size1,933 SF
Lot Size0.19 Acres
Price / SF$154.94
Days on Market57
Property Features for 402 E Nopal Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Patio and Porch features
Deck
Interior features
WindowTreatments
Exterior features
Deck
Appliances
ElectricOven, ElectricRange, GasOven, GasRange
Subdivision
Smith & Wood
Lot features
Corner Lot, Interior Lot
Elementary school
Fulton
Middle school
RockportFulton
High school
RockportFulton
Elementary school district
RockportFultonISD
Middle school district
RockportFultonISD
High school district
RockportFultonISD
Directions
Pearl to Nopal to Litron, property on corner.
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
4800
Legal Description
SMITH AND WOOD, BLOCK 54, LOT 15 & 16
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating)
Cooling system
Window Unit(s), Ductless
Water source
Public
Amenities
privacy fenced back yards
Building Details
Year built
1940
Floors in Building
1
Number of units
3
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Kuper Sotheby's Intl Realty
(361) 749-4000
Listed By:
Glenda Merrell · License #0751738
(361) 229-5206
Added: Aug 18
Changed: Sep 21
Last Checked: Oct 13 at 10:06PM
MLS# 481071
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 triplex consists of three individual cottages on a 0.1881-acre corner lot in Rockport. The property contains 1,933 square feet and dates to 1940, with vinyl flooring, shingle roofing, decks, public water, and public sewer. A combination of ductless and window-unit systems provides heating and cooling, while the cottages include electric and gas cooking appliances.
Units 2 and 3 each have a privacy-fenced backyard. The property is positioned less than 2 miles from the beach, downtown Rockport, and the maritime museum. The roof was replaced in 2018, and the property is being offered as-is.
Units 2 and 3 each have a privacy-fenced backyard. The property is positioned less than 2 miles from the beach, downtown Rockport, and the maritime museum. The roof was replaced in 2018, and the property is being offered as-is.
Key Highlights
- Three individual cottages on a 0.1881‑acre corner lot
- 1,933 square feet across a triplex configuration
- Beach, downtown Rockport, and the maritime museum are less than 2 miles away
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
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
633
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Triplex - Three separate cottages support long-term rentals, vacation stays, or a live-in arrangement.
Where is this triplex located?
The property is located at 402 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 0.1881‑acre corner lot; 1,933 square feet across a triplex configuration; Beach, downtown Rockport, and the maritime museum are less than 2 miles away
