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New Construction Duplex
For Sale
$375,000

923 Craig Street, Corpus Christi, TX 78404

Residential, Corpus Christi, TX

Property Size2,548 SF
Lot Size0.16 Acres
Price / SF$147.17
Days on Market247

Property Features for 923 Craig Street

General Information

Property type Residential Multi Family
Property subtype Duplex
Property condition Under Construction
Bedrooms 6
Bathrooms 4
Full bathrooms 4
Rooms Bathroom 1, Bathroom 4, Bedroom 3, Bedroom 5, Bedroom 6, Bedroom 1, Bedroom 4, Bathroom 3, Bathroom 2, Bedroom 2
Interior features OpenFloorplan, SplitBedrooms, CableTv, WindowTreatments, KitchenIsland
Appliances Dishwasher, ElectricOven, ElectricRange, FreeStandingRange, Disposal, Microwave
Subdivision Bay View
Lot features Interior Lot
Elementary school Allen
Middle school Driscoll
High school Miller
Elementary school district Corpus Christi ISD
Middle school district Corpus Christi ISD
High school district Corpus Christi ISD
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
Legal Description BAY VIEW LT 19R BK 11

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
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 Agency: Keller Williams Coastal Bend · Keller Williams Realty
Listed By: Missy Flores · License #0519341
Added: Feb 2 Changed: Sep 21 Last Checked: Oct 7 at 3:06PM
MLS# 470951

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.

Located at 923 Craig Street in Corpus Christi, this 2025 duplex contains 2,548 square feet across two residences on a 0.16-acre lot. Each unit includes three bedrooms, two bathrooms, an open living and dining arrangement, a kitchen with island, and a private primary suite with an en-suite bathroom.

The interiors feature vinyl flooring, contemporary finishes, window treatments, and split-bedroom layouts. Kitchen equipment includes dishwashers, electric ovens and ranges, disposals, and microwaves. Central electric heating and central air conditioning serve both units, while public water and public sewer support the property. A shingle roof completes the improvements.

Key Highlights

  • 2,548‑square‑foot duplex on a 0.16‑acre lot
  • Two units, each with 3 bedrooms and 2 bathrooms
  • 2025 construction with contemporary finishes

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 (±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 authorities.

Property Analytics

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Current Use

New Castle Apts Apartment Building

Suggested Use

Top Pick Hair Salon Bakery Dental Office (Bike/Boat/Book/etc) Store Carpet & Flooring Store Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

1,499
Businesses Nearby

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Multifamily in South region

8.5% 2022
10.2% 2023
11.4% 2024
11.3% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Duplex - Two three-bedroom residences offer open layouts, private primary suites, and contemporary finishes for flexible occupancy.
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: 2,548‑square‑foot duplex on a 0.16‑acre lot; Two units, each with 3 bedrooms and 2 bathrooms; 2025 construction with contemporary finishes
More about this property
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