Duplex with Porch Water
For Sale
$595,000
535 S Carancahua Street, Corpus Christi, TX 78401
SINGLE_FAMILY - Corpus Christi, TX
Property Size2,746 SF
Lot Size0.27 Acres
Price / SF$216.68
Days on Market204
Property Features for 535 S Carancahua Street
General Information
Property type
Residential
Property subtype
Office
Subdivision
Rayne Tr
Lot features
Corner Lot
Standard status
Active
APN
713500040010
Size
2,746 SF
Lot size
0.27 Acres
Taxes and HOA fees
Tax Description
RAYNE TR E/2 OF BK 4 ORR TR A BK 4
Legal Description
RAYNE TR E/2 OF BK 4 ORR TR A BK 4
Utilities
Sewer type
Public Sewer
Heating system
Central, Natural Gas
Cooling system
Central Air
Water source
Public
Amenities
oceanfront water views
Building Details
Year built
1924
Floors in Building
2
Listing Agency:
DH Realty Partners Inc
(210) 222-2424
Listed By:
James Magill · License #0675040
(361) 425-1112
Added: Jan 9
Changed: Jul 30
Last Checked: Aug 1 at 4:06AM
MLS# 469729
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.
535 S Carancahua Street is a totally remodeled and updated duplex-style mixed-use property with oceanfront water views from the porch. The total building size is 2,746 square feet, including a 1,930 SF front house and an 816 SF rear unit. The front residence offers 3 bedrooms and 2.5 bathrooms, while the rear home offers 2 bedrooms and 1 bathroom and is currently leased, providing in-place income.
The property is positioned along the Carancahua corridor in Corpus Christi and is described as having zoning flexibility for both residential and limited commercial uses. Permitted uses referenced include multifamily housing, professional offices such as law, medical, or insurance, small retail or service businesses, and live/work or mixed-use configurations.
Built in 1924, the home is served by public water and public sewer and is equipped with central natural gas heat and central air conditioning.
The property is positioned along the Carancahua corridor in Corpus Christi and is described as having zoning flexibility for both residential and limited commercial uses. Permitted uses referenced include multifamily housing, professional offices such as law, medical, or insurance, small retail or service businesses, and live/work or mixed-use configurations.
Built in 1924, the home is served by public water and public sewer and is equipped with central natural gas heat and central air conditioning.
Key Highlights
- Oceanfront water views from the porch at 535 S Carancahua Street
- Total size 2,746 SF: 1,930 SF front house and 816 SF rear unit
- Front home has 3 bedrooms and 2.5 bathrooms
Financial Insights For Multifamily LT 5
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 | $45.5k | $16.56 |
| − Vacancy | −$5.4k | −$1.98 |
| EGI | $40.0k | $14.58 |
| − OpEx | −$12.0k | −$4.37 |
| NOI | $28.0k | $10.20 |
2,746 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$400.3K
$350.3K – $467.0K
NOI $28,021 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$366.6K
$320.8K – $427.7K
NOI $25,661 @ 7.0% cap · market cap 4.31%
Theoretical Best
Office A
$653.4K
$571.7K – $762.3K
NOI $45,737 @ 7.0% cap · market cap 7.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,283
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Totally remodeled duplex with a leased rear unit and oceanfront water views from the porch in a flexible residential corridor.
Where is this duplex located?
The property is located at 535 S Carancahua Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $595,000.
What are key features of this property?
This property features: Oceanfront water views from the porch at 535 S Carancahua Street; Total size 2,746 SF: 1,930 SF front house and 816 SF rear unit; Front home has 3 bedrooms and 2.5 bathrooms
