Updated Quadplex with Garage
New
For Sale
$510,000
815 Ohio Avenue, Corpus Christi, TX 78404
MULTI_FAMILY - Corpus Christi, TX
Property Size3,232 SF
Lot Size0.18 Acres
Price / SF$157.80
Days on Market4
Property Features for 815 Ohio Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Off Street, Covered
Interior features
WindowTreatments
Exterior features
Landscaping
Appliances
ElectricOven, ElectricRange, Microwave
Subdivision
Lindale Park
Lot features
Landscaped
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
447000050050
Size
3,232 SF
Lot size
0.18 Acres
Taxes and HOA fees
Tax Description
LINDALE PARK BLK 5 LOT 5
Tax Annual Amount
5848
Legal Description
LINDALE PARK BLK 5 LOT 5
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air
Water source
Public
Amenities
on-site laundry
Building Details
Year built
1959
Floors in Building
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Corpus Christi Realty Group
(361) 992-8400
Listed By:
Alyssa King · License #0653930
(361) 947-6004
Added: Aug 3
Changed: Aug 5
Last Checked: Aug 6 at 2:06AM
MLS# 480013
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 3,232-square-foot quadplex, built in 1959 on 0.18 acres, contains four two-bedroom, one-bath apartments plus a separate one-bedroom, one-bath garage apartment. Interior improvements include fresh paint, granite countertops, stainless steel appliances, custom tile in the kitchens and bathrooms, and commercial-grade vinyl flooring. Central electric heating and central air serve the apartments, with electric ovens, ranges, and microwaves provided.
A shared laundry area includes 2 washers and 2 dryers, with the machines leased by the owner and serviced by a third party. Parking is available through covered and off-street spaces. The property uses public water and public sewer and is currently leased across all units. Its Corpus Christi setting provides access to downtown, Ocean Dr., Six Points, hospitals, shopping, dining, entertainment, and the beach.
A shared laundry area includes 2 washers and 2 dryers, with the machines leased by the owner and serviced by a third party. Parking is available through covered and off-street spaces. The property uses public water and public sewer and is currently leased across all units. Its Corpus Christi setting provides access to downtown, Ocean Dr., Six Points, hospitals, shopping, dining, entertainment, and the beach.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments plus a 1‑bedroom, 1‑bath garage apartment
- 3,232 square feet on a 0.18‑acre parcel
- All units currently leased
Financial Insights For Multifamily LT 5
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 | $53.5k | $16.56 |
| − Vacancy | −$6.4k | −$1.98 |
| EGI | $47.1k | $14.58 |
| − OpEx | −$14.1k | −$4.37 |
| NOI | $33.0k | $10.20 |
3,232 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$471.2K
$412.3K – $549.7K
NOI $32,981 @ 7.0% cap · market cap 6.47%
Second Best
Apartment 5plus
$431.5K
$377.5K – $503.4K
NOI $30,202 @ 7.0% cap · market cap 5.92%
Theoretical Best
Office A
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 10.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
772
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Apartments feature granite counters, stainless appliances, custom tile, and durable vinyl flooring throughout.
Where is this quadplex located?
The property is located at 815 Ohio Avenue Corpus Christi, TX.
What is the asking price?
The asking price for this property is $510,000.
What are key features of this property?
This property features: Four 2‑bedroom, 1‑bath apartments plus a 1‑bedroom, 1‑bath garage apartment; 3,232 square feet on a 0.18‑acre parcel; All units currently leased
