5-Unit Waterfront Multifamily
4042 Loop 1781, Rockport, TX 78382
For Sale
$750,000
Residential, Rockport, TX
Property Size5,228 SF
Lot Size0.67 Acres
Price / SF$143.46
Days on Market203
Property Features for 4042 Loop 1781
General Information
Property type
Property subtype
Bedrooms
Bathrooms
Full bathrooms
Rooms
Patio and Porch features
Interior features
Appliances
Subdivision
View
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Directions
Standard status
APN
Size
Lot size
Taxes and HOA fees
Tax Description
Tax Annual Amount
Legal Description
Utilities
Heating system
Cooling system
Water source
Amenities
on-site laundry
Building Details
Year built
Floors in Building
Number of units
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Bridget Knower · License TX #0588097
(361) 633-9057
Added: Apr 22
Changed: Oct 27
Last Checked: Nov 10 at 10:06AM
MLS# 475301
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.
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Investment Insights
Based on property information with market context.
This multifamily property contains 5 units totaling 5,228 square feet on 0.67 acres. The configuration includes two duplex homes and one single-story home, with each unit offering 2 bedrooms and 1 bath. Interior features include cathedral ceilings, split-bedroom layouts, window treatments, ceiling fans, laminate and tile flooring, central air, and electric central heating. Appliances include dishwashers, electric cooking equipment, and multiple water heaters. The improvements were built in 1973 and include Hardiplank, shingle, and wood siding, shingle roofing, patios, and public water service.
The property has expansive water views and is located in Rockport, Texas. Ownership is not subject to HOA restrictions. On-site laundry provides an additional property feature, and the offering may be acquired as a package or potentially separated into the duplex and triplex components.
The property has expansive water views and is located in Rockport, Texas. Ownership is not subject to HOA restrictions. On-site laundry provides an additional property feature, and the offering may be acquired as a package or potentially separated into the duplex and triplex components.
Key Highlights
- 5‑unit multifamily property with five 2‑bedroom, 1‑bath units
- 5,228 square feet on 0.67 acres
- Two duplex homes plus one single‑story home
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,323
Cap Rate
6.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$966,460
$966.5K
Cap Rate 7%
$690,329
$690.3K
Cap Rate 9%
$536,922
$536.9K
Market Conditions
NOI Build-Up for 5,228 SF
Gross rent
$78.4K $15.00/SF
− Vacancy
−$9.4K −$1.80/SF
EGI
$69.0K $13.20/SF
− OpEx
−$20.7K −$3.96/SF
NOI
$48.3K $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%
$966,460
Cap Rate 7%
$690,329
Cap Rate 9%
$536,922
Alternative Uses
Best Use
Multifamily LT 5
$690.3K
$604.0K – $805.4K
NOI $48,323 @ 7.0% cap · market cap 6.44%
Second Best
Apartment 5plus
$611.8K
$535.3K – $713.7K
NOI $42,823 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,897 @ 7.0% cap · market cap 18.65%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
16
Businesses Nearby
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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
$238,200
Median Home Value
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Market
Average Price Trend$/SF for Multifamily properties in Rockport, TX
Properties on Market for Multifamily properties in Rockport
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Five two-bedroom units are arranged across two duplex homes and a single-story residence.
Where is this multifamily property located?
The property is located at 4042 Loop 1781 Rockport, TX.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 5‑unit multifamily property with five 2‑bedroom, 1‑bath units; 5,228 square feet on 0.67 acres; Two duplex homes plus one single‑story home
