Waterfront Investment Opportunity - 5
4042 Loop 1781, Rockport, TX 78382
MULTI_FAMILY - Rockport, TX
Property size:
5,228 SFLot size:
0.67 AcresPrice / SF:
$152/SF- Added:
- Apr 22, 2026
- Days on Market:
- 32
- Last Refresh:
- May 22 at 11:06 pm
Property Features for 4042 Loop 1781
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 10
- Bathrooms
- 6
- Rooms
- Bedroom 10, Bedroom 6, Bathroom 4, Bedroom 2, Bathroom 6, Bedroom 5, Bedroom 4, Bedroom 9, Bathroom 3, Bathroom 1, Bedroom 7, Bedroom 1, Bathroom 5, Bathroom 2, Bedroom 3, Bedroom 8
- 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
- Central, Electric (Heating)
- 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 (361) 633-9057
Listing office Prime Real Estate 4926 Everhart, Portland, TX (361) 334-7653
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.
HighLights
- Rare waterfront location with exceptional water views.
- Seller financing available for qualified buyers.
- Five income‑producing units (2 duplexes and a single‑story home).
- Strong in‑place cash flow and stable income performance.
- No HOA restrictions, offering operational flexibility.
- Opportunity for future upside through rent adjustments and operational efficiencies.
Overview
This is a unique opportunity to acquire a 5-unit multifamily property consisting of 2 duplex homes and a single-story home, ideally positioned to capture expansive water views. Each unit benefits from a setting typically associated with high-end residential properties, enhancing both tenant demand and long-term value. The property includes five 2-bedroom, 1-bath units with a consistent rental history and stable income performance. The efficient unit mix appeals to a broad tenant base, while the proximity to the water provides a meaningful competitive advantage in the market. Financial highlights include excellent annual income, strong in-place cash flow, and additional revenue from on-site laundry. The property is not subject to HOA restrictions, offering operational flexibility for ownership. This offering stands out due to the combination of multiple income-producing units and unobstructed water views, creating both immediate cash flow and long-term appreciation potential driven by location. There is also opportunity for future upside through rent adjustments, operational efficiencies, and alternative rental strategies. The property is offered as a package, with potential flexibility to sell the triplex and duplex separately. The property is situated on a 0.67-acre lot in Rockport, TX. The property size is 5228 square feet.
Financial Insights
Value Estimation Calculated for Multifamily LT 5
Conservative
$536.9K
NOI $48,323 @ 9.00% cap · cautious / downside scenario
Moderate
$690.3K
NOI $48,323 @ 7.00% cap · market / base-case scenario
Aggressive
$966.5K
NOI $48,323 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Multifamily LT 5
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.4k | $15.00 |
| − Vacancy | −$9.4k | −$1.80 |
| EGI | $69.0k | $13.20 |
| − OpEx | −$20.7k | −$3.96 |
| NOI | $48.3k | $9.24 |
5,228 SF · lease $15.00/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Use Scenarios
Best Use
Multifamily LT 5
$690.3K
$604.0K – $805.4K
NOI $48,323 @ 7.0% cap · market cap 6.08%
Second Best
Apartment 5plus
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,897 @ 7.0% cap · market cap 17.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Map
- City
- Rockport
- County
- Aransas
- State
- Texas
- Longitude
- -97.061002
- Latitude
- 28.086325
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Rare opportunity: 5 units with exceptional water views.
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 $795,000.
What are key features of this property?
This property features: Rare waterfront location with exceptional water views.; Seller financing available for qualified buyers.; Five income‑producing units (2 duplexes and a single‑story home).
