Four-Unit
For Sale
$314,900
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 Market19
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
(361) 765-1003
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Source:
National-onerealty
Added: Jul 17
Changed: Aug 4
Last Checked: Aug 4 at 6:37AM
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
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 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 | $27.7k | $14.40 |
| − Vacancy | −$3.3k | −$1.72 |
| EGI | $24.4k | $12.68 |
| − OpEx | −$7.3k | −$3.80 |
| NOI | $17.1k | $8.87 |
1,926 SF · lease $14.40/SF/yr · vacancy 11.97% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$244.1K
$213.6K – $284.8K
NOI $17,090 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$215.9K
$188.9K – $251.8K
NOI $15,110 @ 7.0% cap · market cap 4.80%
Theoretical Best
Office A
$736.3K
$644.2K – $859.0K
NOI $51,538 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
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
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 - 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 $314,900.
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
