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Water-View Multifamily with 5 Units

4042 Loop 1781 Rockport, TX 78382

Claim this Listing
For Sale
$765,000

MULTI_FAMILY - Rockport, TX

Property size:
5,228 SF
Lot size:
0.67 Acres
Price / SF:
$146.33/SF
Added:
Apr 22, 2026
Days on Market:
84
Last Refresh:
Jul 14 at 1:06 am

Property Features for 4042 Loop 1781

General Information

Property type
Residential Multi Family
Property subtype
Other
Bedrooms
10
Bathrooms
6
Rooms
Bathroom 1, Bedroom 3, Bedroom 2, Bedroom 9, Bathroom 5, Bedroom 5, Bedroom 7, Bathroom 6, Bedroom 6, Bedroom 8, Bathroom 2, Bathroom 4, Bedroom 1, Bedroom 4, Bedroom 10, Bathroom 3
Patio and Porch features
Patio
Interior features
CathedralCeilings, SplitBedrooms, WindowTreatments, CeilingFans
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, FreeStandingRange, MultipleWaterHeaters
Standard status
Active
APN
1375-000-024-000
Size
5,228 SF
Lot size
0.67 Acres

Taxes and HOA fees

Tax Description
S1375 Copano Village Addition Lot 24, 25, 26 and 27
Tax Annual Amount
5319

Utilities

Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public

Building Details

Year built
1973
Floors in Building
2
Number of units
4
Flooring type
Tile, Laminate
Building materials
HardiplankType, ShingleSiding, WoodSiding
Roof type
Shingle

Listing agent Bridget Knower License #0588097

Listing office Prime Real Estate 4926 Everhart, Portland, TX

Listing date Apr 22, 2026

MLS# 475301 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.


Investment Insights

Based on property information with market context.

This 5-unit multifamily property at 4042 Loop 1781 in Rockport, Texas consists of two duplex homes and one single-story home. The unit mix is five 2-bedroom, 1-bath homes, each described as benefiting from water views. The property also includes on-site laundry, and the seller states there are no HOA restrictions, providing operational flexibility for ownership.

The offering is marketed as providing expansive water views. The property sits on a 0.67-acre lot and includes 5,228 square feet of total building area, presented as a package for sale.

For buyers or operators seeking a small, straightforward income property, the consistent 2-bedroom, 1-bath configuration can support a broad tenant appeal while keeping management relatively uniform across the portfolio. The presence of on-site laundry may help support resident convenience, and the seller notes a consistent rental history and stable in-place income. Seller financing is available for qualified buyers, and the listing indicates potential flexibility to sell the triplex and duplex separately, subject to buyer verification.

Key Highlights

  • 5‑unit multifamily property with 2 duplex homes plus a single‑story home
  • Unit mix: five 2‑bedroom, 1‑bath units
  • On‑site laundry for additional tenant revenue

Local Financial Insights For Apartment 5plus

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 $89.1k $17.04
− Vacancy −$11.2k −$2.15
EGI $77.9k $14.89
− OpEx −$35.0k −$6.70
NOI $42.8k $8.19
5,228 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$611.8K
$535.3K – $713.7K (±1% cap)
NOI $42,823 @ 7.0% cap · market cap 5.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M (±1% cap)
NOI $139,897 @ 7.0% cap · market cap 18.29%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - Five-unit multifamily with two-bedroom layouts and on-site laundry, offered with seller financing available.
Where is this apartment building located?
The property is located at 4042 Loop 1781 Rockport, TX.
What is the asking price?
The asking price for this property is $765,000.
What are key features of this property?
This property features: 5‑unit multifamily property with 2 duplex homes plus a single‑story home; Unit mix: five 2‑bedroom, 1‑bath units; On‑site laundry for additional tenant revenue
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More about this property
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