Six-Home Short-Term Rental
New
For Sale
$949,000
507 S Arch Street, Aransas Pass, TX 78336
Residential Income, Aransas Pass, TX
Property Size5,280 SF
Lot Size0.40 Acres
Price / SF$179.73
Days on Market2
Property Features for 507 S Arch Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
15
Bathrooms
10
Full bathrooms
10
Rooms
Bedroom 13, Bedroom 1, Bathroom 6, Bathroom 4, Bathroom 8, Bathroom 7, Bedroom 9, Bathroom 10, Bedroom 14, Bedroom 12, Bathroom 3, Bedroom 4, Bedroom 2, Bedroom 7, Bedroom 5, Bathroom 9, Bedroom 10, Bedroom 11, Bathroom 5, Bedroom 15, Bedroom 8, Bathroom 1, Bathroom 2, Bedroom 6, Bedroom 3
Parking features
Assigned
Subdivision
Mackeys First Edition
Lot features
Corner, Inside Lot, Landscaped, Trees
Elementary school district
APISD
Middle school district
APISD
High school district
APISD
Standard status
Active
Size
5,280 SF
Lot size
0.40 Acres
Amenities
interior washer and dryer
Building Details
Floors in Building
1
Number of units
6
Building materials
Slab Foundation
Roof type
Composition
Listing Agency:
RE/MAX SECURITY R. E. · RE/MAX International
(361) 729-2256
Listed By:
Lisa McCoy · License #0720543
(832) 752-0040
Added: Sep 4
Last Checked: Sep 5 at 6:06AM
MLS# 155994
Copyright © 2026 Rockport Area Association of Realtors. 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 offering includes six furnished single-family homes configured for short-term rental use. Each residence contains 880 square feet with three bedrooms and two bathrooms, creating a consistent six-home portfolio totaling 5,280 square feet. Interior washers and dryers serve each home, while assigned parking supports individual occupancy. The improvements feature slab foundations and composition roofs.
The property occupies 0.4017 acres at 507 S Arch Street in Aransas Pass, Texas 78336. Its residential R zoning designation and individual-home configuration support the existing rental format. Furnishings and coastal interior appointments are included, providing a unified presentation across the residences.
The property occupies 0.4017 acres at 507 S Arch Street in Aransas Pass, Texas 78336. Its residential R zoning designation and individual-home configuration support the existing rental format. Furnishings and coastal interior appointments are included, providing a unified presentation across the residences.
Key Highlights
- Six single‑family homes offered together as a short‑term rental portfolio
- Each home measures 880 square feet with 3 bedrooms and 2 bathrooms
- Combined property size totals 5,280 square feet on 0.4017 acres
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,249
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.56%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$864,980
$865.0K
Cap Rate 7%
$617,843
$617.8K
Cap Rate 9%
$480,544
$480.5K
Market Conditions
NOI Build-Up for 5,280 SF
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.
Gross rent
$90.0K $17.04/SF
− Vacancy
−$11.3K −$2.15/SF
EGI
$78.6K $14.89/SF
− OpEx
−$35.4K −$6.70/SF
NOI
$43.2K $8.19/SF
Area
San Patricio 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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$864,980
Cap Rate 7%
$617,843
Cap Rate 9%
$480,544
Alternative Uses
Best Use
Apartment 5plus
$617.8K
$540.6K – $720.8K
NOI $43,249 @ 7.0% cap · market cap 4.56%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.71M
$2.37M – $3.16M
NOI $189,605 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
395
Businesses Nearby
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished coastal residences feature private laundry, assigned parking, and a residential R zoning designation.
Where is this short term rental property located?
The property is located at 507 S Arch Street Aransas Pass, TX.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: Six single‑family homes offered together as a short‑term rental portfolio; Each home measures 880 square feet with 3 bedrooms and 2 bathrooms; Combined property size totals 5,280 square feet on 0.4017 acres
