Furnished Residential Income
New
For Sale
$349,000
6410 Padre Blvd., South Padre Island, TX 78587
Residential Income, South Padre Island, TX
Property Size2,113 SF
Lot Size0.05 Acres
Price / SF$165.17
Days on Market2
Property Features for 6410 Padre Blvd.
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
R
Bedrooms
3
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 2, Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Assigned
Patio and Porch features
Patio, Deck
Interior features
Ceiling Fan(s)
Exterior features
BBQ Area, Balcony, Deck, Patio - Covered
Appliances
Cook-Top, Dishwasher, Microwave, Refrigerator, Stove, Washer/Dryer
Elementary school district
Point Isabel ISD
Middle school district
Point Isabel ISD
High school district
Point Isabel ISD
Subdivision
South Padre Island
Standard status
Active
Size
2,113 SF
Lot size
0.05 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
6070
Amenities
in-unit washer and dryer
covered patio
pool
courtyard
assigned parking
gated entry
hot tub
Building Details
Year built
2005
Floors in Building
3
Number of units
21
Flooring type
Tile
Building materials
Stucco
Roof type
Tile
Listing Agency:
NextHome RGV Realty
(956) 628-4663
Listed By:
Ronnie Ontiveros · License #0528977,PersonLicenseNumber
(956) 283-6338
Added: Oct 12
Last Checked: Oct 13 at 5:06PM
MLS# 106898
Copyright © 2026 South Padre Island Board of Realtors. 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.
This 2,113-square-foot residential income property is a furnished condo with three bedrooms and two bathrooms. Interior features include an open living and dining area, a remodeled kitchen with marble countertops, stainless steel appliances and custom cabinetry, and tile flooring. The unit also has a washer and dryer, updated bathrooms, and a new AC system.
A covered patio opens toward the pool and courtyard. The property offers a pool, hot tub, gated entry, assigned parking, and a BBQ area. Built in 2005, the building has stucco construction and a tile roof.
A covered patio opens toward the pool and courtyard. The property offers a pool, hot tub, gated entry, assigned parking, and a BBQ area. Built in 2005, the building has stucco construction and a tile roof.
Key Highlights
- Furnished condo with 2,113 square feet, 3 bedrooms, and 2 bathrooms
- Remodeled kitchen with marble countertops, stainless steel appliances, and custom cabinetry
- In‑unit washer and dryer; tile flooring throughout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,987
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,740
$319.7K
Cap Rate 7%
$228,386
$228.4K
Cap Rate 9%
$177,633
$177.6K
Market Conditions
NOI Build-Up for 2,113 SF
Gross rent
$31.2K $14.76/SF
− Vacancy
−$2.1K −$1.00/SF
EGI
$29.1K $13.76/SF
− OpEx
−$13.1K −$6.19/SF
NOI
$16.0K $7.57/SF
Area
Cameron County, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$319,740
Cap Rate 7%
$228,386
Cap Rate 9%
$177,633
Alternative Uses
Best Use
Apartment 5plus
$228.4K
$199.8K – $266.5K
NOI $15,987 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$363.8K
$318.4K – $424.5K
NOI $25,468 @ 7.0% cap · market cap 7.30%
Zoning and permitted uses should be independently verified with authorities.
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Trade Area within ½ mile
224
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Frequently Asked Questions
What type of property is this?
Residential income property - The furnished condo includes a remodeled kitchen, in-unit laundry, and access to a pool and hot tub.
Where is this residential income property located?
The property is located at 6410 Padre Blvd. South Padre Island, TX.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Furnished condo with 2,113 square feet, 3 bedrooms, and 2 bathrooms; Remodeled kitchen with marble countertops, stainless steel appliances, and custom cabinetry; In‑unit washer and dryer; tile flooring throughout
