Triplex With Covered
For Sale
$395,000
5077 Wingfoot, Corpus Christi, TX 78413
Residential, Corpus Christi, TX
Property Size3,706 SF
Lot Size0.27 Acres
Price / SF$106.58
Days on Market186
Property Features for 5077 Wingfoot
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Bedrooms
6
Bathrooms
6
Full bathrooms
3
Half bathrooms
3
Rooms
Bedroom 3, Bedroom 6, Bathroom 5, Bathroom 1, Bedroom 1, Bathroom 2, Bathroom 6, Bedroom 5, Bedroom 2, Bedroom 4, Bathroom 4, Bathroom 3
Parking features
Carport, On Street, Off Street, Covered
Patio and Porch features
Patio
Interior features
SplitBedrooms, BreakfastBar
Fireplace
1
Appliances
Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Refrigerator, RangeHood
Subdivision
Country Club Estates Villa #1
Lot features
Interior Lot
Elementary school
Club Estates
Middle school
Grant
High school
Carroll
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
190500020100
Size
3,706 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
COUNTRY CLUB ESTATES VILLA #1 BLK 2 LOT 10
Tax Annual Amount
6493
Legal Description
COUNTRY CLUB ESTATES VILLA #1 BLK 2 LOT 10
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
fireplace
fenced backyard
Building Details
Year built
1980
Floors in Building
2
Number of units
3
Flooring type
Laminate, Linoleum, Carpet
Building materials
Frame, ShingleSiding, WoodSiding
Roof type
Shingle
Listing Agency:
Kessling Services
(361) 857-6789
Listed By:
Joseph Kessling · License #0216749
(361) 548-9190
Added: Feb 26
Changed: Aug 19
Last Checked: Aug 31 at 7:06PM
MLS# 472317
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 3,706-square-foot triplex, built in 1980, contains three two-bedroom apartments with spacious living areas and fireplaces. Two units place both bedrooms upstairs, while the third provides a single-level layout. Each apartment includes a fully fenced backyard, and interior features include breakfast bars, laminate, linoleum, and carpet flooring, central air, and electric central heat.
Covered carport parking is complemented by on-street and off-street parking. A large park with multiple recreational activities is located across the alley, with alley access serving the carports. The property occupies 0.27 acres and is connected to public water and public sewer.
Covered carport parking is complemented by on-street and off-street parking. A large park with multiple recreational activities is located across the alley, with alley access serving the carports. The property occupies 0.27 acres and is connected to public water and public sewer.
Key Highlights
- Three two‑bedroom apartments in a 3,706‑square‑foot triplex
- Two units have upstairs bedrooms; one apartment is arranged on a single level
- Each apartment includes a fully fenced backyard and fireplace
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
$34,803
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
8.81%
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%
$696,060
$696.1K
Cap Rate 7%
$497,186
$497.2K
Cap Rate 9%
$386,700
$386.7K
Market Conditions
NOI Build-Up for 3,706 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
$56.5K $15.24/SF
− Vacancy
−$6.8K −$1.82/SF
EGI
$49.7K $13.42/SF
− OpEx
−$14.9K −$4.02/SF
NOI
$34.8K $9.39/SF
Area
ZIP 78413
Vacancy
11.97%
Lease Rate
$15.24 /SF/Yr
Expense Ratio
30.00%
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%
$696,060
Cap Rate 7%
$497,186
Cap Rate 9%
$386,700
Alternative Uses
Best Use
Multifamily LT 5
$497.2K
$435.0K – $580.1K
NOI $34,803 @ 7.0% cap · market cap 8.81%
Second Best
Apartment 5plus
$430.6K
$376.8K – $502.4K
NOI $30,143 @ 7.0% cap · market cap 7.63%
Theoretical Best
Office A
$1.41M
$1.23M – $1.64M
NOI $98,455 @ 7.0% cap · market cap 24.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
668
Businesses Nearby
Explore this area
Business Placement
Demographics for 78413, TX
37,531
Population
15,501
Households
2.4
Avg Household Size
37
Median Age
31%
College-Educated
92%
High-School Grad
7.9 sq mi
ZIP Area
4,751
Density / Sq Mi
$71,624
Median Household Income
$44,342
Median Earnings
$1,321
Median Rent
$230,900
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?
Triplex - Three two-bedroom apartments offer varied layouts, fenced outdoor areas, fireplaces, and access to covered carport parking.
Where is this triplex located?
The property is located at 5077 Wingfoot Corpus Christi, TX.
What is the asking price?
The asking price for this property is $395,000.
What are key features of this property?
This property features: Three two‑bedroom apartments in a 3,706‑square‑foot triplex; Two units have upstairs bedrooms; one apartment is arranged on a single level; Each apartment includes a fully fenced backyard and fireplace
