7-Plex Apartment Building with
For Sale
$650,000
745 S Arch Street, Aransas Pass, TX 78336
MULTI_FAMILY - Aransas Pass, TX
Property Size4,476 SF
Lot Size0.24 Acres
Price / SF$145.22
Days on Market165
Property Features for 745 S Arch Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Parking features
Off Street
Appliances
FreeStandingRange, Refrigerator
Subdivision
Mackeys First Add
Lot features
Interior Lot
Elementary school
Aransas Pass
Middle school
Aransas Pass
High school
Aransas Pass
Elementary school district
Aransas Pass ISD
Middle school district
Aransas Pass ISD
High school district
Aransas Pass ISD
Standard status
Active
APN
67942
Size
4,476 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
MACKEYS FIRST ADDN BLK J LOTS 10 THRU 12
Tax Annual Amount
5249
Legal Description
MACKEYS FIRST ADDN BLK J LOTS 10 THRU 12
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1953
Floors in Building
2
Flooring type
Vinyl, Tile
Roof type
Shingle
Listing Agency:
Vaden MacLeod Real Estate
(361) 523-1494
Listed By:
Autumn MacLeod · License #0609498
(361) 523-1494
Added: Mar 10
Changed: Jul 31
Last Checked: Aug 21 at 7:06AM
MLS# 473052
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 well-maintained 7-plex apartment building includes an on-site laundry facility and offers unit variety for income use. Units 1 through 6 are two-bedroom, one-bath apartments, and Unit 7 is a three-bedroom, one-bath apartment. The building is supported by public water and public sewer, and features central electric heating and central air cooling. Interior surfaces include vinyl and tile flooring. Kitchen appliances listed include a free-standing range and refrigerator.
The property is located at 745 S Arch Street in Aransas Pass, Texas (San Patricio County). Parking is off street, and the roof is shingle. Construction is dated to 1953.
The property size is listed at 4,476 square feet, and the lot size is 0.24 acres. The property size notes indicate the square footage is larger than listed in CAD, as CAD does not include the second stories of the two front units.
The property is located at 745 S Arch Street in Aransas Pass, Texas (San Patricio County). Parking is off street, and the roof is shingle. Construction is dated to 1953.
The property size is listed at 4,476 square feet, and the lot size is 0.24 acres. The property size notes indicate the square footage is larger than listed in CAD, as CAD does not include the second stories of the two front units.
Key Highlights
- On‑site laundry facility serving a seven‑unit apartment building
- Unit mix: Units 1‑6 are two bed, one bath; Unit 7 is three bed, one bath
- 4,476 SF building size on a 0.24‑acre lot
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
Lease Details
7
Residential units
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 - Well-maintained 7-plex with an on-site laundry facility, offering a mix of 2-bedroom and 3-bedroom units.
Where is this apartment building located?
The property is located at 745 S Arch Street 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: On‑site laundry facility serving a seven‑unit apartment building; Unit mix: Units 1‑6 are two bed, one bath; Unit 7 is three bed, one bath; 4,476 SF building size on a 0.24‑acre lot
