Updated Quadplex With Garage
For Sale
$510,000
815 Ohio Avenue, Corpus Christi, TX 78404
Residential, Corpus Christi, TX
Property Size3,232 SF
Lot Size0.18 Acres
Price / SF$157.80
Days on Market67
Property Features for 815 Ohio Avenue
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Parking features
Covered, Off Street
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 coin-operated 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: Sep 21
Last Checked: Oct 8 at 4:06PM
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 multifamily property on 0.1791 acres includes four two-bedroom, one-bath apartments along with an additional one-bedroom, one-bath garage apartment. Built in 1959, the property has been updated with granite countertops, stainless steel appliances, custom tile in the kitchens and bathrooms, fresh paint, and commercial-grade vinyl flooring. Covered and off-street parking, landscaping, central air, and central electric heating are also provided.
A shared laundry area includes two washers and two dryers, with the machines leased by the owner and serviced by a third party. The property is located near downtown Corpus Christi, Ocean Drive, Six Points, hospitals, shopping, dining, and entertainment, with the beach a short drive away. All units are currently leased.
A shared laundry area includes two washers and two dryers, with the machines leased by the owner and serviced by a third party. The property is located near downtown Corpus Christi, Ocean Drive, Six Points, hospitals, shopping, dining, and entertainment, with the beach a short drive away. All units are currently leased.
Key Highlights
- Four 2‑bedroom, 1‑bath apartments plus a 1‑bedroom, 1‑bath garage apartment
- 3,232 square feet on 0.1791 acres
- All units currently leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,981
Cap Rate
6.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,620
$659.6K
Cap Rate 7%
$471,157
$471.2K
Cap Rate 9%
$366,456
$366.5K
Market Conditions
NOI Build-Up for 3,232 SF
Gross rent
$53.5K $16.56/SF
− Vacancy
−$6.4K −$1.98/SF
EGI
$47.1K $14.58/SF
− OpEx
−$14.1K −$4.37/SF
NOI
$33.0K $10.20/SF
Area
Corpus Christi, TX
Vacancy
11.97%
Lease Rate
$16.56 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$659,620
Cap Rate 7%
$471,157
Cap Rate 9%
$366,456
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
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
660
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 two-bedroom apartments are complemented by a separate one-bedroom garage apartment.
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 0.1791 acres; All units currently leased
