419 Gulfspray Avenue Corpus Christi, TX 78402
MULTI_FAMILY - Corpus Christi, TX
Property Features for 419 Gulfspray Avenue
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bathroom 4, Bathroom 3, Bedroom 2, Bedroom 3, Bedroom 1, Bedroom 4, Bathroom 1, Bathroom 2
- Parking
- 6
- Parking features
- On Street
- Patio and Porch features
- Deck, Patio
- Interior features
- WindowTreatments, BreakfastBar
- Exterior features
- Deck
- Fireplace
- 1
- Appliances
- ElectricCooktop, ElectricOven, ElectricRange, Refrigerator, RangeHood
- Standard status
- Active
- APN
- 105500650115
- Size
- 1,060 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- BROOKLYN BLK 65 LOT 11
- Tax Annual Amount
- 3400
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Window Unit(s), Electric, Central Air
- Water source
- Public
Building Details
- Year built
- 1975
- Floors in Building
- 2
- Number of units
- 1
- Flooring type
- Laminate, Vinyl
- Building materials
- Frame, WoodSiding
- Roof type
- Shingle
Listing agent Diane Gardner License #0637379 (573) 280-4345
Listing office Weichert REALTORS - The Place 1009 Furman Avenue, Corpus Christi, TX (361) 882-5588
Listing date Mar 23, 2026
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.
Key Highlights
- Furnished triplex built in 1975 with 3 units and central electric HVAC options
- Upstairs unit is ~1,060 SF: updated 2 bed / 2 bath with central air and wood‑burning fireplace
- Two downstairs units each offer 1 bed / 1 bath with window‑unit cooling and hard‑surface flooring
Local Financial Insights For Multifamily LT 5
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 | $17.6k | $16.56 |
| − Vacancy | −$2.1k | −$1.98 |
| EGI | $15.5k | $14.58 |
| − OpEx | −$4.6k | −$4.37 |
| NOI | $10.8k | $10.20 |
