New Construction
For Sale
$375,000
923 Craig St, Corpus Christi, TX 78404
Two residential units provide matching layouts with private primary suites and open living, dining, and kitchen areas.
Property Size2,548 SF
Days on Market257
Property Features for 923 Craig St
General Information
Standard status
Active
Size
2,548 SF
Property subtype
Duplex
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$231
Building Details
Building Size
2,548 SF
Year Built
2025
Buildings
1
Listing Agency:
Keller Williams Coastal Bend
Listed By:
Missy Flores · License #0519341
(361) 442-4994
Source:
National-onerealty
Added: Feb 2
Changed: Oct 3
Last Checked: Oct 16 at 2:57PM
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 Keller Williams Coastal Bend
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Investment Insights
Based on property information with market context.
Completed in 2025, this 2,548-square-foot duplex contains two residential units, each arranged with 3 bedrooms and 2 bathrooms. Both sides feature open-concept living, dining, and kitchen areas, along with a private primary suite and en-suite bath. The design also includes well-proportioned bedrooms that can accommodate household, guest, or office needs.
Contemporary finishes, modern systems, and newly constructed improvements support a low-maintenance property profile. The duplex is located at 923 Craig St in Corpus Christi, Texas, and offers the flexibility of occupying one unit while leasing the other, leasing both units, or using the additional residence for multigenerational living.
Contemporary finishes, modern systems, and newly constructed improvements support a low-maintenance property profile. The duplex is located at 923 Craig St in Corpus Christi, Texas, and offers the flexibility of occupying one unit while leasing the other, leasing both units, or using the additional residence for multigenerational living.
Key Highlights
- Newly constructed duplex completed in 2025
- 2,548 SF total building size
- Two units, each with 3 bedrooms and 2 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,001
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$520,020
$520.0K
Cap Rate 7%
$371,443
$371.4K
Cap Rate 9%
$288,900
$288.9K
Market Conditions
NOI Build-Up for 2,548 SF
Gross rent
$42.2K $16.56/SF
− Vacancy
−$5.1K −$1.98/SF
EGI
$37.1K $14.58/SF
− OpEx
−$11.1K −$4.37/SF
NOI
$26.0K $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%
$520,020
Cap Rate 7%
$371,443
Cap Rate 9%
$288,900
Alternative Uses
Best Use
Multifamily LT 5
$371.4K
$325.0K – $433.4K
NOI $26,001 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$340.2K
$297.6K – $396.9K
NOI $23,811 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$606.3K
$530.5K – $707.3K
NOI $42,439 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,499
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
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units provide matching layouts with private primary suites and open living, dining, and kitchen areas.
Where is this duplex located?
The property is located at 923 Craig St Corpus Christi, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Newly constructed duplex completed in 2025; 2,548 SF total building size; Two units, each with 3 bedrooms and 2 bathrooms
