7-Unit Apartment
For Sale
$650,000
745 S Arch St, Aransas Pass, TX 78336
Multifamily property with on-site laundry and a mix of one- and two-story units.
Property Size4,476 SF
Price / SF$145.22
Days on Market20
Property Features for 745 S Arch St
General Information
Standard status
Active
Size
4,476 SF
Property subtype
Multi-Family
Building Details
Year Built
1953
Listing Agency:
Vaden MacLeod Real Estate
(361) 557-0484
Listed By:
Autumn MacLeod · License #0609498
Source:
Thebranchinc
Added: Aug 13
Changed: Aug 29
Last Checked: Aug 30 at 8:44PM
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 Vaden MacLeod Real Estate
Investment Insights
Based on property information with market context.
This 7-unit apartment property contains six units with 2 bedrooms and 1 bathroom each, plus one 3-bedroom, 1-bathroom unit. The building measures 4,476 square feet, and the two front units include second stories that are not reflected in the CAD square footage. An on-site laundry facility serves the property, which was built in 1953.
Located at 745 S Arch St in Aransas Pass, the property is near local stores, restaurants, schools, parks, and fishing areas. Its coastal setting and varied unit configuration support both short-term vacation rental and long-term tenant use, as stated in the property information.
Located at 745 S Arch St in Aransas Pass, the property is near local stores, restaurants, schools, parks, and fishing areas. Its coastal setting and varied unit configuration support both short-term vacation rental and long-term tenant use, as stated in the property information.
Key Highlights
- 7‑unit apartment property with six 2‑bedroom units and one 3‑bedroom unit
- All units include 1 bathroom
- 4,476 square feet; CAD excludes the second stories of the 2 front units
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$36,663
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,260
$733.3K
Cap Rate 7%
$523,757
$523.8K
Cap Rate 9%
$407,367
$407.4K
Market Conditions
NOI Build-Up for 4,476 SF
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.
Gross rent
$76.3K $17.04/SF
− Vacancy
−$9.6K −$2.15/SF
EGI
$66.7K $14.89/SF
− OpEx
−$30.0K −$6.70/SF
NOI
$36.7K $8.19/SF
Area
San Patricio County, TX
Vacancy
12.60%
Lease Rate
$17.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$733,260
Cap Rate 7%
$523,757
Cap Rate 9%
$407,367
Alternative Uses
Best Use
Apartment 5plus
$523.8K
$458.3K – $611.1K
NOI $36,663 @ 7.0% cap · market cap 5.64%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$2.30M
$2.01M – $2.68M
NOI $160,733 @ 7.0% cap · market cap 24.73%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
387
Businesses Nearby
Explore this area
Business Placement
Demographics for 78336, TX
12,009
Population
6,577
Households
1.8
Avg Household Size
45
Median Age
16%
College-Educated
87%
High-School Grad
60.0 sq mi
ZIP Area
200
Density / Sq Mi
$58,536
Median Household Income
$37,297
Median Earnings
$1,182
Median Rent
$204,200
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?
Apartment building - Multifamily property with on-site laundry and a mix of one- and two-story units.
Where is this apartment building located?
The property is located at 745 S Arch St Aransas Pass, TX.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: 7‑unit apartment property with six 2‑bedroom units and one 3‑bedroom unit; All units include 1 bathroom; 4,476 square feet; CAD excludes the second stories of the 2 front units
