8-Unit Apartment
For Sale
$679,900
519 S Carancahua Street, Corpus Christi, TX 78401
Residential, Corpus Christi, TX
Property Size4,800 SF
Lot Size0.31 Acres
Price / SF$141.65
Days on Market23
Property Features for 519 S Carancahua Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking
8
Parking features
Off Street
Subdivision
Bernard John D Tr
Lot features
Corner Lot
Elementary school
Allen
Middle school
Driscoll
High school
Miller
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
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
Legal Description
J D BERNARD LTS 3, 4, E5.5' OF LT 5 & LT 6A BK 1
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
Listed By:
Jon Mares · License #0738254
(361) 947-4311
Added: Oct 1
Changed: Oct 21
Last Checked: Oct 23 at 2:06PM
MLS# 484237
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.
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Investment Insights
Based on property information with market context.
Built in 1925, this 4,800-square-foot apartment property contains eight one-bedroom, one-bathroom units on a 0.3099-acre lot. Four apartments are occupied; the others are described as nearly rent-ready. The building has vinyl flooring, ductless heating and cooling, and off-street parking.
Public water and sewer serve the property. Its stated location is near downtown Corpus Christi, employment centers, and the bayfront.
Public water and sewer serve the property. Its stated location is near downtown Corpus Christi, employment centers, and the bayfront.
Key Highlights
- Eight apartments, each with one bedroom and one bathroom
- 4,800 square feet on a 0.3099‑acre lot
- Four units occupied; remaining units described as nearly rent‑ready
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.
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Property Analytics
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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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - The property combines one-bedroom apartments with existing occupancy and units described as nearly ready for rent.
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 apartments, each with one bedroom and one bathroom; 4,800 square feet on a 0.3099‑acre lot; Four units occupied; remaining units described as nearly rent‑ready
