Rockport Multi-Unit Income
4107 Highway 35 S, Rockport, TX 78382
MULTI_FAMILY - Rockport, TX
Property size:
8,075 SFLot size:
1.99 AcresPrice / SF:
$99/SF- Added:
- Feb 26, 2025
- Days on Market:
- 461
- Last Refresh:
- Jun 2 at 3:06 pm
Property Features for 4107 Highway 35 S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bedroom 9, Bathroom 7, Bedroom 5, Bedroom 6, Bathroom 6, Bedroom 10, Bathroom 3, Bathroom 4, Bedroom 3, Bedroom 1, Bedroom 4, Bedroom 8, Bedroom 11, Bathroom 1, Bathroom 2, Bedroom 7, Bathroom 8, Bathroom 5, Bedroom 2
- Parking features
- Carport
- Interior features
- HomeOffice, OpenFloorplan, SplitBedrooms, KitchenIsland
- Fireplace
- 1
- Appliances
- Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, FreeStandingRange, Disposal, RangeHood
- Standard status
- Active
- APN
- 6470002002005
- Size
- 8,075 SF
- Lot size
- 1.99 Acres
Taxes and HOA fees
- Tax Description
- WINDSWEPT OAKS #1, BLOCK 2, LOT PT OF 2
- Tax Annual Amount
- 10415
Utilities
- Heating system
- Natural Gas
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1980
- Floors in Building
- 2
- Number of units
- 4
- Flooring type
- Laminate, Tile, Vinyl
- Building materials
- Brick, HardiplankType, Stucco
- Roof type
- Shingle
Listing agent Andrea Gatlin License #0668934 (361) 389-1313
Listing office South Coast Real Estate 302 Rosebud, Corpus Christi, TX (361) 452-3648
Listing date Feb 26, 2025
MLS# 455061
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
- Income‑producing multi‑unit property with established rental history and potential for expansion.
- Prime location across from Redfish Bay and Aransas Bay, near downtown Rockport, Bluewater Rockport Beach Park, and boat ramps.
- Includes a 4‑plex (two 2/2 units, one 2/1 unit, one 1/1 unit), a 3/2 house with office, and an unfinished 3,750 sqft duplex shell.
- Large lot (just under 2 acres) offering space for further development.
- Recent (2018) roofs and well‑maintained septic system.
- Each unit has a unique layout and lots of space, making it a breeze to lease.
Overview
This multi-unit property presents an opportunity for rental income in Rockport, situated across from Redfish Bay and Aransas Bay, and minutes from downtown Rockport, Bluewater Rockport Beach Park, and public boat ramps. The property includes a 4-plex with two 2-bedroom/2-bath units, one 2-bedroom/1-bath unit, and one efficiency-style 1-bedroom/1-bath unit. Additionally, there is a 1964 sqft house featuring 3 bedrooms, 2 baths, and an office. Each unit offers a unique layout and ample space. An unfinished 3,750 sqft duplex shell is ready to be constructed into another income-producing unit. The property, just under 2 acres, offers space for further development. The roofs were replaced in 2018, and the property features a well-maintained septic system. The property is suited for those seeking a coastal South Texas lifestyle and has a history of rental income.
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 | $137.6k | $17.04 |
| − Vacancy | −$17.3k | −$2.15 |
| EGI | $120.3k | $14.89 |
| − OpEx | −$54.1k | −$6.70 |
| NOI | $66.1k | $8.19 |
8,075 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$944.9K
$826.8K – $1.10M
NOI $66,143 @ 7.0% cap · market cap 8.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.09M
$2.70M – $3.60M
NOI $216,081 @ 7.0% cap · market cap 27.01%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Single family properties
Location Insight
- Map
- Local Demand
- City
- Rockport
- County
- Aransas
- State
- Texas
- Longitude
- -97.098249
- Latitude
- 27.969728
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - Income-producing multi-unit property near downtown Rockport.
Where is this apartment building located?
The property is located at 4107 Highway 35 S Rockport, TX.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Income‑producing multi‑unit property with established rental history and potential for expansion.; Prime location across from Redfish Bay and Aransas Bay, near downtown Rockport, Bluewater Rockport Beach Park, and boat ramps.; Includes a 4‑plex (two 2/2 units, one 2/1 unit, one 1/1 unit), a 3/2 house with office, and an unfinished 3,750 sqft duplex shell.
