Multifamily Property with Fourplex and
For Sale
$799,900
4107 Highway 35 S, Rockport, TX 78382
Residential, Rockport, TX
Property Size8,075 SF
Lot Size1.99 Acres
Price / SF$99.06
Days on Market49
Property Features for 4107 Highway 35 S
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
11
Bathrooms
8
Full bathrooms
8
Rooms
Bedroom 10, Bedroom 2, Bedroom 7, Bathroom 5, Bathroom 7, Bathroom 1, Bathroom 8, Bedroom 8, Bedroom 6, Bedroom 11, Bedroom 9, Bedroom 4, Bedroom 5, Bathroom 4, Bedroom 3, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 6
Parking features
Carport
Interior features
HomeOffice, OpenFloorplan, SplitBedrooms, KitchenIsland
Fireplace
1
Appliances
Dishwasher, ElectricCooktop, ElectricOven, ElectricRange, FreeStandingRange, Disposal, RangeHood
Subdivision
Windswept Oaks #1
Lot features
Interior Lot
Elementary school
Live Oak
Middle school
RockportFulton
High school
RockportFulton
Elementary school district
RockportFultonISD
Middle school district
RockportFultonISD
High school district
RockportFultonISD
Directions
Please be sure you are entering SOUTH in your GPS 4107 Highway 35 S- Rockport Boat & RV storage is next door, and it is right across the street from Palm Harbor. If you are in front of the dollar store, you typed the address incorrectly.
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
Legal Description
WINDSWEPT OAKS #1, BLOCK 2, LOT PT OF 2
Utilities
Heating system
Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Flooring type
Laminate, Vinyl, Tile
Building materials
Brick, HardiplankType, Stucco
Roof type
Shingle
Listing Agency:
South Coast Real Estate
(361) 452-3648
Listed By:
Andrea Gatlin · License #0668934
(361) 389-1313
Added: Sep 9
Changed: Oct 19
Last Checked: Oct 27 at 8:06AM
MLS# 482273
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 8,075-square-foot multifamily property occupies 1.99 acres and combines several residential components. The fourplex contains two two-bedroom, two-bath units, one two-bedroom, one-bath unit, and one one-bedroom, one-bath efficiency-style unit. A separate 1,964-square-foot house adds three bedrooms, two bathrooms, and an office. The property also includes a 3,750-square-foot unfinished duplex shell for future construction. The existing buildings are fully occupied and include 2018 roofs, a maintained septic system, central air, natural gas heat, and carport parking.
Located at 4107 Highway 35 S in Rockport, the property sits across the street from Redfish Bay and Aransas Bay. Downtown Rockport, Bluewater Rockport Beach Park, public boat ramps, and fishing locations are nearby. The combination of occupied residential units, a standalone house, and additional unfinished space creates a varied multifamily configuration within the coastal community.
Located at 4107 Highway 35 S in Rockport, the property sits across the street from Redfish Bay and Aransas Bay. Downtown Rockport, Bluewater Rockport Beach Park, public boat ramps, and fishing locations are nearby. The combination of occupied residential units, a standalone house, and additional unfinished space creates a varied multifamily configuration within the coastal community.
Key Highlights
- Fourplex with two 2‑bedroom/2‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath efficiency unit
- 1,964 sqft house with 3 bedrooms, 2 baths, and an office
- 3,750 sqft unfinished duplex shell included for future construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,143
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,860
$1.3M
Cap Rate 7%
$944,900
$944.9K
Cap Rate 9%
$734,922
$734.9K
Market Conditions
NOI Build-Up for 8,075 SF
Gross rent
$137.6K $17.04/SF
− Vacancy
−$17.3K −$2.15/SF
EGI
$120.3K $14.89/SF
− OpEx
−$54.1K −$6.70/SF
NOI
$66.1K $8.19/SF
Area
Aransas County, TX
Vacancy
12.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,322,860
Cap Rate 7%
$944,900
Cap Rate 9%
$734,922
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 authorities.
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Lease Details
5
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
81
Businesses Nearby
Explore this area
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
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - Fully occupied multifamily holding with a fourplex, separate house, and unfinished duplex shell.
Where is this multifamily property 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: Fourplex with two 2‑bedroom/2‑bath units, one 2‑bedroom/1‑bath unit, and one 1‑bedroom/1‑bath efficiency unit; 1,964 sqft house with 3 bedrooms, 2 baths, and an office; 3,750 sqft unfinished duplex shell included for future construction
