Quadplex with Mixed Unit
For Sale
$314,900
902 W Lakeside Drive, Corpus Christi, TX 78418
MULTI_FAMILY - Corpus Christi, TX
Property Size1,926 SF
Lot Size0.24 Acres
Price / SF$163.50
Days on Market17
Property Features for 902 W Lakeside Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
CableTv
Appliances
FreeStandingRange, Refrigerator
Subdivision
Flour Bluff Estates
Lot features
Irregular Lot
Elementary school
Flour Bluff
Middle school
Flour Bluff
High school
Flour Bluff
Elementary school district
Flour Bluff ISD
Middle school district
Flour Bluff ISD
High school district
Flour Bluff ISD
Standard status
Active
APN
248600030124
Size
1,926 SF
Lot size
0.24 Acres
Taxes and HOA fees
Tax Description
FLOUR BLUFF ESTATES .243 AC OUT LT 12 BK C
Tax Annual Amount
3251
Legal Description
FLOUR BLUFF ESTATES .243 AC OUT LT 12 BK C
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1900
Floors in Building
2
Flooring type
Vinyl
Roof type
Shingle
Listing Agency:
Prime Real Estate
(361) 334-7653
Listed By:
Brooke LaClair · License #0618863
(361) 765-1003
Added: Jul 17
Changed: Jul 30
Last Checked: Aug 2 at 9:06AM
MLS# 479997
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 four-unit quadplex includes two efficiency apartments, one 1-bedroom 1-bath unit, and one 3-bedroom 1-bath unit. The property is on a 0.24-acre lot and was built in 1900, with shingle roofing and vinyl flooring throughout. Interior features include cable TV, and appliances listed are a free-standing range and refrigerator. Cooling is provided by window unit(s).
Water service is public, and the property is connected to public sewer. The building includes free-standing unit layout consistent with the described efficiency and bedroom mix.
The property is described as being located in a convenient area near schools, shopping, restaurants, NAS Corpus Christi, and the beach, supporting its use as a rental-focused residential income asset.
Water service is public, and the property is connected to public sewer. The building includes free-standing unit layout consistent with the described efficiency and bedroom mix.
The property is described as being located in a convenient area near schools, shopping, restaurants, NAS Corpus Christi, and the beach, supporting its use as a rental-focused residential income asset.
Key Highlights
- Four‑unit quadplex with two efficiencies, one 1‑bedroom 1‑bath, and one 3‑bedroom 1‑bath
- 0.24‑acre lot
- 1,926 SF property size
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
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
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 - Four-unit quadplex with two efficiencies plus one 1-bedroom and one 3-bedroom unit, on public water and sewer.
Where is this quadplex located?
The property is located at 902 W Lakeside Drive 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 quadplex with two efficiencies, one 1‑bedroom 1‑bath, and one 3‑bedroom 1‑bath; 0.24‑acre lot; 1,926 SF property size
