8-Unit Apartment
For Sale
$679,900
519 S Carancahua St, Corpus Christi, TX 78401
A consistent one-bedroom, one-bathroom layout serves all apartments, with four currently occupied.
Property Size4,800 SF
Days on Market34
Property Features for 519 S Carancahua St
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Multi Family
Property Condition
Severity
Repairs Needed
Evidence
minimal work remaining
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$4,616
Building Details
Building Size
4,800 SF
Year Built
1925
Buildings
1
Listing Agency:
Deal Smith Realty LLC
Listed By:
Jon Mares · License #0738254
(361) 947-4311
Source:
National-onerealty
Added: Oct 1
Changed: Oct 31
Last Checked: Nov 1 at 1:41PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Deal Smith Realty LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1925, this eight-apartment property at 519 S Carancahua St in Corpus Christi has a uniform one-bedroom, one-bathroom configuration. Renovation work has been completed across most of the building; a small number of apartments still need limited work. Four units are occupied, while the other four are close to rent-ready condition.
The property is near downtown, employment centers, and the bayfront.
The property is near downtown, employment centers, and the bayfront.
Key Highlights
- Eight apartments, each configured with one bedroom and one bathroom
- Four units currently occupied; the other four are close to rent‑ready condition
- Most of the property has been renovated, with limited work remaining in a few units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$44,855
Cap Rate
6.60%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,100
$897.1K
Cap Rate 7%
$640,786
$640.8K
Cap Rate 9%
$498,389
$498.4K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$93.3K $19.44/SF
− Vacancy
−$11.8K −$2.45/SF
EGI
$81.6K $16.99/SF
− OpEx
−$36.7K −$7.65/SF
NOI
$44.9K $9.34/SF
Area
Corpus Christi, TX
Vacancy
12.60%
Lease Rate
$19.44 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$897,100
Cap Rate 7%
$640,786
Cap Rate 9%
$498,389
Alternative Uses
Best Use
Apartment 5plus
$640.8K
$560.7K – $747.6K
NOI $44,855 @ 7.0% cap · market cap 6.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.14M
$999.4K – $1.33M
NOI $79,949 @ 7.0% cap · market cap 11.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,379
Businesses Nearby
Explore this area
Business Placement
Demographics for 78401, TX
4,701
Population
2,115
Households
2.2
Avg Household Size
44
Median Age
15%
College-Educated
78%
High-School Grad
2.2 sq mi
ZIP Area
2,137
Density / Sq Mi
$37,796
Median Household Income
$22,254
Median Earnings
$930
Median Rent
$76,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - A consistent one-bedroom, one-bathroom layout serves all apartments, with four currently occupied.
Where is this apartment building located?
The property is located at 519 S Carancahua St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $679,900.
What are key features of this property?
This property features: Eight apartments, each configured with one bedroom and one bathroom; Four units currently occupied; the other four are close to rent‑ready condition; Most of the property has been renovated, with limited work remaining in a few units
