Corpus Christi Multifamily Investment
519 S Carancahua Street Corpus Christi, TX 78401
519 S Carancahua Street, Corpus Christi, TX, 78401
$679,900
For Sale
$679,900
MULTI_FAMILY - Corpus Christi, TX
Property Size4,800 SF
Lot Size0.31 Acres
Price / SF$141.65
Days on Market134
Property Features for 519 S Carancahua Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bathrooms
- 1
- Rooms
- Bathroom 1
- Parking features
- Off Street
- Standard status
- Active
- APN
- 065600010030
- Size
- 4,800 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- J D BERNARD LTS 3, 4, E5.5' OF LT 5 & LT 6A BK 1
- Tax Annual Amount
- 4616
Utilities
- Sewer type
- Public Sewer
- Heating system
- Ductless (Heating)
- Cooling system
- Ductless
- Water source
- Public
Building Details
- Year built
- 1925
- Floors in Building
- 1
- Flooring type
- Vinyl
- Roof type
- Flat
Listing Agency
Deal Smith Realty LLC
(512) 784-1945
551 S Interstate Highway 35, Round Rock, TX
Listed by
Jon Mares · License #0738254
(361) 947-4311
Added: Mar 5 Checked: Jul 17 at 6:06 am
MLS# 472821
Listing URL
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.
Located in Corpus Christi, this multifamily property at 519 S Carancahua Street features eight units, each with one bedroom and one bathroom. The building, with a total area of 4800 square feet on a 0.31-acre lot, is mostly renovated with clean interiors. Minimal work remains on a few units. Four units are currently occupied, providing immediate income. The remaining units are nearly rent-ready, offering a straightforward path to full stabilization. The property is located near downtown, employment centers, and the bayfront, providing renter appeal and easy-to-manage operations for an investor or owner-operator.
Key Highlights
- Eight‑unit multifamily property in prime Corpus Christi location near downtown, employment centers, and the bayfront.
- Mostly renovated with clean interiors, requiring minimal work on a few units.
- Four units are currently occupied, providing immediate income.
Local Financial Insights For Apartment 5plus
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 | $93.3k | $19.44 |
| − Vacancy | −$11.8k | −$2.45 |
| EGI | $81.6k | $16.99 |
| − OpEx | −$36.7k | −$7.65 |
| NOI | $44.9k | $9.34 |
4,800 SF · lease $19.44/SF/yr · vacancy 12.60% · expense 45.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
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FAQs
What type of property is this?
Apartment building - Eight-unit multifamily property near downtown Corpus Christi.
Where is this apartment building located?
The property is located at 519 S Carancahua Street 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‑unit multifamily property in prime Corpus Christi location near downtown, employment centers, and the bayfront.; Mostly renovated with clean interiors, requiring minimal work on a few units.; Four units are currently occupied, providing immediate income.
