Multi-Unit Residential Income
4107 Highway 35 S Rockport, TX 78382
4107 Highway 35 S, Rockport, TX, 78382
$799,900
For Sale
$799,900
MULTI_FAMILY - Rockport, TX
Property Size8,075 SF
Lot Size1.99 Acres
Price / SF$99.06
Days on Market506
Property Features for 4107 Highway 35 S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Duplex
- Bedrooms
- 11
- Bathrooms
- 8
- Rooms
- Bedroom 8, Bathroom 6, Bedroom 6, Bathroom 4, Bedroom 9, Bedroom 5, Bathroom 1, Bathroom 7, Bathroom 2, Bathroom 5, Bathroom 8, Bedroom 7, Bedroom 11, Bedroom 2, Bedroom 1, Bedroom 3, Bedroom 10, Bathroom 3, Bedroom 4
- 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
- Tile, Laminate, Vinyl
- Building materials
- Brick, HardiplankType, Stucco
- Roof type
- Shingle
Listing Agency
South Coast Real Estate
(361) 452-3648
302 Rosebud, Corpus Christi, TX
Listed by
Andrea Gatlin · License #0668934
(361) 389-1313
Added: Feb 26, 2025 Checked: Jul 17 at 5:06 pm
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.
Investment Insights
Based on property information with market context.
This for-sale multi-unit residential income package 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. The property also includes a 3-bedroom/2-bath home with an office, described as approximately 1,964 square feet. In addition, there is a 3,750-square-foot duplex shell that is unfinished and ready to be constructed into another income-producing unit. The seller notes each unit has a unique layout and lots of space.
The property is located at 4107 Highway 35 S in Rockport, Texas. The remarks state that Redfish Bay and Aransas Bay are just across the street, with downtown Rockport, a public boat ramp, and Bluewater Rockport Beach Park described as minutes away.
According to the remarks, roof replacements were completed in 2018, and the property has a well-maintained septic system. The current units are described as having a great rental history with lovely tenants.
The property is located at 4107 Highway 35 S in Rockport, Texas. The remarks state that Redfish Bay and Aransas Bay are just across the street, with downtown Rockport, a public boat ramp, and Bluewater Rockport Beach Park described as minutes away.
According to the remarks, roof replacements were completed in 2018, and the property has a well-maintained septic system. The current units are described as having a great rental history with lovely tenants.
Key Highlights
- Multi‑unit income property with a 4‑plex: two 2BD/2BA units, one 2BD/1BA unit, and one efficiency‑style 1BD/1BA unit
- Additional 1 single‑family home: 1,964 SF with 3 bedrooms, 2 baths, and an office
- Unfinished 3,750 SF duplex shell ready for construction of an additional income‑producing unit
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
Multifamily LT 5
$1.07M
$933.0K – $1.24M
NOI $74,638 @ 7.0% cap · market cap 9.33%
Second Best
Apartment 5plus
$944.9K
$826.8K – $1.10M
NOI $66,143 @ 7.0% cap · market cap 8.27%
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 Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Quadplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Quadplex - Multi-unit package includes a 4-plex, a 3-bedroom house, and an unfinished duplex shell on nearly 2 acres.
Where is this quadplex 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: Multi‑unit income property with a 4‑plex: two 2BD/2BA units, one 2BD/1BA unit, and one efficiency‑style 1BD/1BA unit; Additional 1 single‑family home: 1,964 SF with 3 bedrooms, 2 baths, and an office; Unfinished 3,750 SF duplex shell ready for construction of an additional income‑producing unit
