Four-Unit Quadplex with Central
For Sale
$325,000
907 Elizabeth Street, Corpus Christi, TX 78404
Residential, Corpus Christi, TX
Property Size2,376 SF
Lot Size0.16 Acres
Price / SF$136.78
Days on Market42
Property Features for 907 Elizabeth Street
General Information
Property type
Residential Multi Family
Property subtype
Quadruplex
Bedrooms
4
Bathrooms
4
Full bathrooms
4
Rooms
Bathroom 1, Bathroom 2, Bathroom 4, Bedroom 1, Bathroom 3, Bedroom 2, Bedroom 4, Bedroom 3
Parking features
Off Street
Security features
Security
Exterior features
Landscaping
Appliances
FreeStandingRange, Refrigerator
Subdivision
Ocean View
Lot features
Interior Lot, 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
Special listing conditions
Short Sale
Standard status
Active
APN
598300060020
Size
2,376 SF
Lot size
0.16 Acres
Taxes and HOA fees
Tax Description
OCEAN VIEW W67.5' OF LTS 1 & 2 B BK 6 VI AND PT OF ALLEY
Tax Annual Amount
3277
Legal Description
OCEAN VIEW W67.5' OF LTS 1 & 2 B BK 6 VI AND PT OF ALLEY
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public
Amenities
central AC and heat
refrigerator
range
Building Details
Year built
1956
Floors in Building
2
Flooring type
Vinyl, Laminate
Roof type
Shingle
Listing Agency:
Gulf Coast Realty Services
(361) 201-9060
Listed By:
Veronica Villarreal · License #0623305
(361) 549-2190
Added: Aug 28
Changed: Sep 21
Last Checked: Oct 8 at 4:06PM
MLS# 481654
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 2,376-square-foot quadplex contains four one-bedroom, one-bath residences. Each unit includes a galley kitchen with a refrigerator and range, while central air conditioning and central electric heat serve the building. Vinyl and laminate flooring are used throughout, with shingle roofing and landscaped exterior areas. The property is all electric, with separate electric meters and one shared water meter.
Located at 907 Elizabeth Street in Corpus Christi, the property is within walking distance of Ocean Drive and Spohn Shoreline. Public transportation, restaurants, shopping, and entertainment are also nearby. Public water and sewer serve the property, and off-street parking is available.
Located at 907 Elizabeth Street in Corpus Christi, the property is within walking distance of Ocean Drive and Spohn Shoreline. Public transportation, restaurants, shopping, and entertainment are also nearby. Public water and sewer serve the property, and off-street parking is available.
Key Highlights
- 2,376‑square‑foot quadplex with four one‑bedroom, one‑bath units
- Built in 1956 with central air conditioning and electric heat
- Galley kitchens equipped with refrigerators and free‑standing ranges
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,246
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$484,920
$484.9K
Cap Rate 7%
$346,371
$346.4K
Cap Rate 9%
$269,400
$269.4K
Market Conditions
NOI Build-Up for 2,376 SF
Gross rent
$39.3K $16.56/SF
− Vacancy
−$4.7K −$1.98/SF
EGI
$34.6K $14.58/SF
− OpEx
−$10.4K −$4.37/SF
NOI
$24.2K $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%
$484,920
Cap Rate 7%
$346,371
Cap Rate 9%
$269,400
Alternative Uses
Best Use
Multifamily LT 5
$346.4K
$303.1K – $404.1K
NOI $24,246 @ 7.0% cap · market cap 7.46%
Second Best
Apartment 5plus
$317.2K
$277.5K – $370.1K
NOI $22,203 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$565.4K
$494.7K – $659.6K
NOI $39,575 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
4
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,401
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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Cap Rate, Value Estimation, Potential NOI and more
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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 separately metered residences offer one-bedroom layouts, electric systems, and off-street parking near Ocean Drive.
Where is this quadplex located?
The property is located at 907 Elizabeth Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,376‑square‑foot quadplex with four one‑bedroom, one‑bath units; Built in 1956 with central air conditioning and electric heat; Galley kitchens equipped with refrigerators and free‑standing ranges
