Rockport Multifamily Investment
609 W Liberty Street Rockport, TX 78382
609 W Liberty Street, Rockport, TX, 78382
$1,700,000
For Sale
$1,700,000
Ten rental units in the heart of Rockport, Texas.
Property Size6,950 SF
Price / SF$244.60
Days on Market126
Property Features for 609 W Liberty Street
General Information
- Standard status
- Active
- Size
- 6,950 SF
- Property subtype
- Multi-Family
Building Details
- Year Built
- 1995
Listing Agency
Lisa Whitehurse, Broker
(361) 461-1997
Listed by
Lisa Whitehurse · License #0490326
(361) 461-1997
Source
Xome
Added: Mar 18 Updated: Jul 10 at 1:43 pm Checked: May 29 at 1:30 am
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 Lisa Whitehurse, Broker
Investment Insights
Based on property information with market context.
Located in the heart of the Texas coastal community of Rockport, this property presents an investment opportunity with 10 rental units. The property includes a duplex featuring two 2-bedroom, 1-bath units with enclosed porches, four cottages currently operating as Airbnb rentals, and four separate cottages available for long-term rental. The total property size is 6,950 square feet. A new roof has been installed on the duplex. There is a small shed and two unfinished shipping containers on the property that could potentially be converted into two additional units.
Key Highlights
- 10 rental units (duplex, cottages) provide immediate income potential.
- Turnkey Airbnb operation with 4 cottage units ready for immediate rental income.
- Opportunity to add two more rental units from unfinished shed and shipping containers.
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 | $118.4k | $17.04 |
| − Vacancy | −$14.9k | −$2.15 |
| EGI | $103.5k | $14.89 |
| − OpEx | −$46.6k | −$6.70 |
| NOI | $56.9k | $8.19 |
6,950 SF · lease $17.04/SF/yr · vacancy 12.60% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$813.3K
$711.6K – $948.8K
NOI $56,928 @ 7.0% cap · market cap 3.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.32M – $3.10M
NOI $185,977 @ 7.0% cap · market cap 10.94%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
MTTR Inv
Vacation Rental
Mark
Condominium Complex
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Ten rental units in the heart of Rockport, Texas.
Where is this apartment building located?
The property is located at 609 W Liberty Street Rockport, TX.
What is the asking price?
The asking price for this property is $1,700,000.
What are key features of this property?
This property features: 10 rental units (duplex, cottages) provide immediate income potential.; Turnkey Airbnb operation with **4 cottage units ready for immediate rental income**.; Opportunity to add two more rental units from unfinished shed and shipping containers.
