Corpus Christi Multifamily Investment
519 S Carancahua Street, Corpus Christi, TX 78401
MULTI_FAMILY - Corpus Christi, TX
Property size:
4,800 SFLot size:
0.31 AcresPrice / SF:
$141/SF- Added:
- Mar 5, 2026
- Days on Market:
- 89
- Last Refresh:
- Jun 2 at 2:06 am
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 agent Jon Mares License #0738254 (361) 947-4311
Listing office Deal Smith Realty LLC 551 S Interstate Highway 35, Round Rock, TX (512) 784-1945
Listing date Mar 5, 2026
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.
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.
- Remaining units are nearly rent‑ready, offering a straightforward path to full stabilization.
- Simple, easy‑to‑manage operations suitable for an investor or owner‑operator.
- Off‑street parking available.
Overview
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.
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 Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Corpus Christi
- County
- Nueces
- State
- Texas
- Longitude
- -97.397828
- Latitude
- 27.787364
Nearby Similar for Sale
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.
