Brick Quadplex with Hardwood
For Sale
$289,500
724 Elizabeth Street, Corpus Christi, TX 78404
Residential, Corpus Christi, TX
Property Size2,660 SF
Lot Size0.15 Acres
Price / SF$108.83
Days on Market98
Property Features for 724 Elizabeth Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking
4
Parking features
Off Street
Appliances
FreeStandingRange, GasOven, GasRange, Refrigerator, RangeHood
Subdivision
Ocean View
Lot features
Interior Lot
Elementary school
Menger
Middle school
Baker
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
598300130150
Size
2,660 SF
Lot size
0.15 Acres
Taxes and HOA fees
Tax Description
OCEAN VIEW LT 15 PARK BLK
Tax Annual Amount
4913
Legal Description
OCEAN VIEW LT 15 PARK BLK
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1980
Floors in Building
2
Number of units
4
Flooring type
Laminate, Tile, Hardwood
Roof type
Shingle
Listing Agency:
Keller Williams Coastal Bend · Keller Williams Realty
(361) 225-7900
Listed By:
Eddie Seal · License #0203610
(361) 688-0887
Added: Jul 3
Changed: Oct 6
Last Checked: Oct 8 at 5:06PM
MLS# 478900
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.
This 2,660-square-foot quadplex is a brick residential property built in 1980 on a 0.1492-acre lot. The four units feature hardwood floors and interior archways, with additional tile and laminate flooring throughout. Individual unit appliances include a freestanding range, gas oven, gas range, refrigerator, and range hood. Cooling is provided by window units, and the property has a shingle roof.
The property is within walking distance of the Corpus Christi Bayfront and CHRISTUS Spohn Shoreline Hospital. It is served by public water and public sewer, with off-street parking available. Its residential configuration and proximity to the bayfront and hospital support continued multifamily use.
The property is within walking distance of the Corpus Christi Bayfront and CHRISTUS Spohn Shoreline Hospital. It is served by public water and public sewer, with off-street parking available. Its residential configuration and proximity to the bayfront and hospital support continued multifamily use.
Key Highlights
- Quadplex totaling 2660 square feet on a 0.1492‑acre lot
- Brick property built in 1980
- Hardwood floors and interior archways in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,857
Cap Rate
8.59%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$497,140
$497.1K
Cap Rate 7%
$355,100
$355.1K
Cap Rate 9%
$276,189
$276.2K
Market Conditions
NOI Build-Up for 2,660 SF
Gross rent
$51.7K $19.44/SF
− Vacancy
−$6.5K −$2.45/SF
EGI
$45.2K $16.99/SF
− OpEx
−$20.3K −$7.65/SF
NOI
$24.9K $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%
$497,140
Cap Rate 7%
$355,100
Cap Rate 9%
$276,189
Alternative Uses
Best Use
Multifamily LT 5
$387.8K
$339.3K – $452.4K
NOI $27,144 @ 7.0% cap · market cap 9.38%
Second Best
Apartment 5plus
$355.1K
$310.7K – $414.3K
NOI $24,857 @ 7.0% cap · market cap 8.59%
Theoretical Best
Office A
$632.9K
$553.8K – $738.4K
NOI $44,305 @ 7.0% cap · market cap 15.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,401
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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Four-unit residential property with original interior details and off-street parking near the Corpus Christi Bayfront.
Where is this quadplex located?
The property is located at 724 Elizabeth Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $289,500.
What are key features of this property?
This property features: Quadplex totaling 2660 square feet on a 0.1492‑acre lot; Brick property built in 1980; Hardwood floors and interior archways in each unit
