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Newly Built Duplex for Income

923 Craig Street Corpus Christi, TX 78404

Claim this Listing
For Sale
$375,000

MULTI_FAMILY - Corpus Christi, TX

Property size:
2,548 SF
Lot size:
0.16 Acres
Price / SF:
$147.17/SF
Added:
Feb 2, 2026
Days on Market:
162
Last Refresh:
Jul 14 at 7:06 am

Property Features for 923 Craig Street

General Information

Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Bedrooms
6
Bathrooms
4
Rooms
Bedroom 4, Bathroom 1, Bedroom 6, Bathroom 3, Bedroom 5, Bedroom 1, Bedroom 3, Bathroom 4, Bedroom 2, Bathroom 2
Interior features
OpenFloorplan, SplitBedrooms, CableTv, WindowTreatments, KitchenIsland
Appliances
Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Disposal, Microwave
Standard status
Active
APN
0486-0011-0190
Size
2,548 SF
Lot size
0.16 Acres

Taxes and HOA fees

Tax Description
BAY VIEW LT 19R BK 11
Tax Annual Amount
231

Utilities

Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Central Air
Water source
Public

Building Details

Year built
2025
Floors in Building
1
Number of units
2
Flooring type
Vinyl
Roof type
Shingle

Listing agent Missy Flores License #0519341

Listing office Keller Williams Coastal Bend 5402 S Staples St, Corpus Christi, TX

Listing date Feb 2, 2026

MLS# 470951 Listing URL

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 newly constructed duplex offers a clean, modern design with two separate residential units. Each unit is configured with three bedrooms and two bathrooms, including a private primary suite with an en-suite bath. The interior layout is open and flows from living and dining areas into the kitchen, supporting everyday living and shared spaces.

The property is located at 923 Craig Street in Corpus Christi, TX 78404 within Nueces County. With a total lot size listed at 0.16 acres and property size of 2,548 square feet, the home is positioned for straightforward, low-maintenance living that can suit a variety of housing and income strategies.

For buyers, the duplex format provides flexibility: an owner can occupy one unit while renting the other, or lease both units depending on the desired plan. The design is intended to minimize upkeep associated with older construction while maintaining functional, comfortable layouts within each 3-bedroom unit.

Key Highlights

  • Newly constructed duplex (Year built 2025) with open floorplan and split bedrooms
  • Each unit offers 3 bedrooms and 2 bathrooms, including a private primary suite with en‑suite bath
  • Central air conditioning and electric heating; modern systems in an under‑construction/new build

Local 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 $42.2k $16.56
− Vacancy −$5.1k −$1.98
EGI $37.1k $14.58
− OpEx −$11.1k −$4.37
NOI $26.0k $10.20
2,548 SF · lease $16.56/SF/yr · vacancy 11.97% · expense 30.00%

Alternative Uses

Best Use
Multifamily LT 5
$371.4K
$325.0K – $433.4K (±1% cap)
NOI $26,001 @ 7.0% cap · market cap 6.93%
Second Best
Apartment 5plus
$340.2K
$297.6K – $396.9K (±1% cap)
NOI $23,811 @ 7.0% cap · market cap 6.35%
Theoretical Best
Office A
$606.3K
$530.5K – $707.3K (±1% cap)
NOI $42,439 @ 7.0% cap · market cap 11.32%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

New Castle Apts Apartment Building

Suggested Use

Dental Office Hair Salon Bakery (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith (Bike/Boat/Book/etc) Store (Bike/Boat/Book/etc) Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Duplex - New construction duplex with two 3-bedroom, 2-bath units designed for low-maintenance owner-occupancy or rental use.
Where is this duplex located?
The property is located at 923 Craig Street 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 (Year built 2025) with open floorplan and split bedrooms; Each unit offers 3 bedrooms and 2 bathrooms, including a private primary suite with en‑suite bath; Central air conditioning and electric heating; modern systems in an under‑construction/new build
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