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    801 S CARANCAHUA ST CORPUS CHRISTI TX 78401, Corpus Christi, TX 78401

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    Six loft-style apartments with private patios and interior atrium, plus coin laundry and ample parking.

    Type:Multifamily
    Property size:
    3,040 SF
    Price / SF:
    $152/SF
    Added:
    Jun 15, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 20 at 9:29 am

    Property Features for 801 S CARANCAHUA ST CORPUS CHRISTI TX 78401

    General Information

    Standard status
    Active
    Size
    3,040 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1935

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    Listing Contact
    Gene Guernsey
    Gene Guernsey

    Listing agent Gene Guernsey License #TX 533314

    Listing office Gene Guernsey & Associates Inc

    Listing date Jun 15, 2026

    Source Crexi

    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 Gene Guernsey & Associates Inc

    HighLights

    • Six loft‑style apartment units arranged around an interior atrium, each with 1 bathroom
    • Units 3 and 4 were renovated in 2025
    • Private patios: each unit includes its own outdoor private patio space
    • On‑site coin‑operated washer and dryer for tenant use
    • Parking available on‑site
    • Tenant utilities: electric and cable/internet paid by tenants; LL covers city utilities, common‑area electric, and lawn care

    Overview

    This multifamily property offers six income-producing loft-style apartment units, each with one bathroom, arranged around a central interior atrium. The building includes an on-site coin-operated washer and dryer for residents, and each unit features its own private patio. According to the seller, Units 3 and 4 were renovated in 2025.

    Set up on the bluff, the property is described as within walking distance to the bayfront seawall. The offering also notes convenient access to downtown Corpus Christi as well as nearby restaurants, shopping, entertainment, and Corpus Christi Bay.

    For tenants, the layout provides independent outdoor space through private patios and access to shared laundry via the coin-operated facilities. Utility responsibility is split: tenants pay electric within their units and are responsible for cable/internet, while the landlord covers city utilities, lawn care, and electric for the common areas. The mix of renovated and remaining units can be relevant for buyers evaluating unit-by-unit presentation and ongoing operations.

    Local Financial Insights For Apartment 5plus

    Simulate Cap Rate and NOI

    NOI Build-Up
    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.

    Component $ $/SF
    Gross rent $59.1k $19.44
    − Vacancy −$7.4k −$2.45
    EGI $51.7k $16.99
    − OpEx −$23.2k −$7.65
    NOI $28.4k $9.34
    3,040 SF · lease $19.44/SF/yr · vacancy 12.60% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $405.8K
    $355.1K – $473.5K (±1% cap)
    NOI $28,408 @ 7.0% cap · market cap 6.11%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $723.3K
    $632.9K – $843.9K (±1% cap)
    NOI $50,634 @ 7.0% cap · market cap 10.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Palmero Apartments Apartment Complex

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Corpus Christi
    County
    Nueces
    State
    Texas
    Longitude
    -97.397608
    Latitude
    27.784437

    FAQs

    What type of property is this?
    Apartment building - Six loft-style apartments with private patios and interior atrium, plus coin laundry and ample parking.
    Where is this apartment building located?
    The property is located at 801 S CARANCAHUA ST CORPUS CHRISTI TX 78401 Corpus Christi, TX.
    What is the asking price?
    The asking price for this property is $465,000.
    What are key features of this property?
    This property features: Six loft‑style apartment units arranged around an interior atrium, each with 1 bathroom; Units 3 and 4 were renovated in 2025; Private patios: each unit includes its own outdoor private patio space
    (361) 960-7653 Call to check price and availability
    More about this property
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