Four-Unit
For Sale
$300,000
902 W Lakeside Dr, Corpus Christi, TX 78418
Multifamily property with efficiency, one-bedroom, and three-bedroom residences near schools, retail, dining, NAS Corpus Christi, and the beach.
Property Size1,926 SF
Days on Market109
Property Features for 902 W Lakeside Dr
General Information
Standard status
Active
Size
1,926 SF
Property subtype
Multi Family
Units
Unit Mix
2 x efficiency, 1 x 1BR/1BA, 1 x 3BR/1BA
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$3,251
Building Details
Building Size
1,926 SF
Year Built
1900
Listing Agency:
Prime Real Estate
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Source:
National-onerealty
Added: Jul 17
Changed: Oct 31
Last Checked: Nov 1 at 11:34AM
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 Prime Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This four-unit quadplex at 902 W Lakeside Dr includes two efficiency apartments, one one-bedroom, one-bath residence, and one three-bedroom, one-bath residence. The varied floor plans provide a mix of smaller and larger living arrangements within one multifamily property. The building dates to 1900.
The property is near schools, shopping, restaurants, NAS Corpus Christi, and the beach. Its Corpus Christi location and combination of unit configurations support a range of residential occupancy needs.
The property is near schools, shopping, restaurants, NAS Corpus Christi, and the beach. Its Corpus Christi location and combination of unit configurations support a range of residential occupancy needs.
Key Highlights
- Four‑unit multifamily property with a varied residential unit mix
- Two efficiency apartments included
- One 1‑bedroom, 1‑bath unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,090
Cap Rate
5.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
$341.8K
Cap Rate 7%
$244,143
$244.1K
Cap Rate 9%
$189,889
$189.9K
Market Conditions
NOI Build-Up for 1,926 SF
Gross rent
$27.7K $14.40/SF
− Vacancy
−$3.3K −$1.72/SF
EGI
$24.4K $12.68/SF
− OpEx
−$7.3K −$3.80/SF
NOI
$17.1K $8.87/SF
Area
ZIP 78418
Vacancy
11.97%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$341,800
Cap Rate 7%
$244,143
Cap Rate 9%
$189,889
Alternative Uses
Best Use
Multifamily LT 5
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 5.70%
Second Best
Apartment 5plus
$215.9K
$188.9K – $251.8K
NOI $15,110 @ 7.0% cap · market cap 5.04%
Theoretical Best
Office A
$736.3K
$644.2K – $859.0K
NOI $51,538 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
506
Businesses Nearby
Explore this area
Business Placement
Demographics for 78418, TX
31,787
Population
16,171
Households
2
Avg Household Size
42
Median Age
33%
College-Educated
91%
High-School Grad
73.3 sq mi
ZIP Area
434
Density / Sq Mi
$91,443
Median Household Income
$51,914
Median Earnings
$1,301
Median Rent
$274,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with efficiency, one-bedroom, and three-bedroom residences near schools, retail, dining, NAS Corpus Christi, and the beach.
Where is this quadplex located?
The property is located at 902 W Lakeside Dr Corpus Christi, TX.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit multifamily property with a varied residential unit mix; Two efficiency apartments included; One 1‑bedroom, 1‑bath unit
