Renovated Four-Unit Apartment
For Sale
$439,900
642 Robinson Street, Corpus Christi, TX 78404
Residential, Corpus Christi, TX
Property Size3,072 SF
Lot Size0.22 Acres
Price / SF$143.20
Days on Market51
Property Features for 642 Robinson Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
8
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 3, Bedroom 8, Bathroom 4, Bedroom 1, Bathroom 2, Bedroom 7, Bedroom 2, Bedroom 6, Bedroom 3, Bedroom 4, Bedroom 5, Bathroom 1
Parking
6
Parking features
On Street, Off Street
Patio and Porch features
Patio
Interior features
OpenFloorplan, WindowTreatments
Appliances
ElectricCooktop, ElectricOven, ElectricRange, GasCooktop, GasOven, GasRange, Refrigerator
Subdivision
Lindale Park #4
Lot features
Interior Lot, Landscaped
Elementary school
Menger
Middle school
Hamlin
High school
Ray
Elementary school district
Corpus Christi ISD
Middle school district
Corpus Christi ISD
High school district
Corpus Christi ISD
Standard status
Active
APN
447500380100
Size
3,072 SF
Lot size
0.22 Acres
Taxes and HOA fees
Tax Description
LINDALE PARK 4 W20' LT 10 ALL LT 11 BLK 38
Tax Annual Amount
3707
Legal Description
LINDALE PARK 4 W20' LT 10 ALL LT 11 BLK 38
Utilities
Sewer type
Public Sewer
Heating system
Ductless (Heating), Natural Gas
Cooling system
Ductless, Window Unit(s), Gas (Cooling)
Water source
Public
Amenities
shared laundry
Building Details
Year built
1948
Floors in Building
2
Number of units
1
Flooring type
Vinyl
Building materials
Brick, Frame, HardiplankType, ShingleSiding, WoodSiding
Roof type
Shingle
Listing Agency:
Cass Real Estate
(361) 643-2662
Listed By:
Brenton Reagan · License #0669077
(512) 736-2695
Added: Aug 26
Changed: Sep 21
Last Checked: Oct 15 at 7:06PM
MLS# 481495
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.
This four-unit apartment property contains four 2-bedroom, 1-bath residences arranged with two units on each level. The building includes an interior front stairway for upper-level access, rear doors opening to a shared area, and a common laundry closet with washer and dryer included. Three residences are furnished for mid-term leases, while one is set up for long-term occupancy; the furnishings and décor in the three furnished units convey.
Improvements completed since 2023 include foundation work with new subfloors, mini-split air systems, vinyl plank flooring, interior and exterior painting, appliances, furniture, and décor. The property is currently 100% occupied and reports a 10.3% cap rate. Water and gas are master-metered, while each unit has its own electric meter. The 0.2204-acre property at 642 Robinson Street in Corpus Christi includes public water, public sewer, rear off-street parking with awnings currently down due to winter winds, and a patio.
Improvements completed since 2023 include foundation work with new subfloors, mini-split air systems, vinyl plank flooring, interior and exterior painting, appliances, furniture, and décor. The property is currently 100% occupied and reports a 10.3% cap rate. Water and gas are master-metered, while each unit has its own electric meter. The 0.2204-acre property at 642 Robinson Street in Corpus Christi includes public water, public sewer, rear off-street parking with awnings currently down due to winter winds, and a patio.
Key Highlights
- Four 2‑bedroom, 1‑bath units with two downstairs and two upstairs
- 100% occupied with 3 furnished mid‑term units and 1 unfurnished long‑term unit
- 10.3% cap rate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,348
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,960
$627.0K
Cap Rate 7%
$447,829
$447.8K
Cap Rate 9%
$348,311
$348.3K
Market Conditions
NOI Build-Up for 3,072 SF
Gross rent
$50.9K $16.56/SF
− Vacancy
−$6.1K −$1.98/SF
EGI
$44.8K $14.58/SF
− OpEx
−$13.4K −$4.37/SF
NOI
$31.3K $10.20/SF
Area
Corpus Christi, TX
Vacancy
11.97%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$626,960
Cap Rate 7%
$447,829
Cap Rate 9%
$348,311
Alternative Uses
Best Use
Multifamily LT 5
$447.8K
$391.9K – $522.5K
NOI $31,348 @ 7.0% cap · market cap 7.13%
Second Best
Apartment 5plus
$410.1K
$358.8K – $478.5K
NOI $28,707 @ 7.0% cap · market cap 6.53%
Theoretical Best
Office A
$731.0K
$639.6K – $852.8K
NOI $51,167 @ 7.0% cap · market cap 11.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,224
Businesses Nearby
Explore this area
Business Placement
Demographics for 78404, TX
15,339
Population
6,884
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
79%
High-School Grad
3.2 sq mi
ZIP Area
4,793
Density / Sq Mi
$60,264
Median Household Income
$45,864
Median Earnings
$1,172
Median Rent
$180,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fully occupied fourplex with furnished and long-term leasing configurations, shared laundry, and updated unit interiors.
Where is this quadplex located?
The property is located at 642 Robinson Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $439,900.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath units with two downstairs and two upstairs; 100% occupied with 3 furnished mid‑term units and 1 unfurnished long‑term unit; 10.3% cap rate
