Four-Unit Duplex
For Sale
$225,000
929 McDonald Street, Corpus Christi, TX 78418
Residential, Corpus Christi, TX
Property Size2,552 SF
Lot Size0.32 Acres
Price / SF$88.17
Days on Market49
Property Features for 929 McDonald Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 4, Bedroom 3, Bedroom 2, Bedroom 1
Parking
6
Subdivision
Flour Bluff Park
Lot features
Interior 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
254000120080
Size
2,552 SF
Lot size
0.32 Acres
Taxes and HOA fees
Tax Description
FLOUR BLUFF PARK BLK 12 LOT 8 & 9
Tax Annual Amount
4210
Legal Description
FLOUR BLUFF PARK BLK 12 LOT 8 & 9
Utilities
Sewer type
Public Sewer
Cooling system
Window Unit(s)
Water source
Public
Building Details
Year built
1972
Floors in Building
1
Flooring type
Vinyl, Linoleum
Building materials
Brick, Frame
Roof type
Flat
Listing Agency:
Create Realty Group
(361) 356-4378
Listed By:
Joseph Cortez · License #0499527
(361) 537-8959
Added: Aug 29
Changed: Oct 12
Last Checked: Oct 16 at 7:06AM
MLS# 481644
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.
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Investment Insights
Based on property information with market context.
This residential property comprises two duplex buildings with four rental units across 2,552 square feet. Built in 1972, the buildings have brick and frame construction, vinyl and linoleum flooring, and window-unit cooling. The property occupies 0.3214 acres and is served by public water and sewer. One unit has recent damage, and the property is being sold as-is.
The address is near Naval Air Station Corpus Christi and approximately a 10-minute drive from area beaches. Restaurants, shopping, and everyday services are also nearby, with some destinations reachable by bicycle or a short drive.
The address is near Naval Air Station Corpus Christi and approximately a 10-minute drive from area beaches. Restaurants, shopping, and everyday services are also nearby, with some destinations reachable by bicycle or a short drive.
Key Highlights
- Two duplex buildings with four rental units
- 2,552 square feet of building area on 0.3214 acres
- Built in 1972; brick and frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,021
Cap Rate
8.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,420
$400.4K
Cap Rate 7%
$286,014
$286.0K
Cap Rate 9%
$222,456
$222.5K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$41.6K $16.32/SF
− Vacancy
−$5.2K −$2.06/SF
EGI
$36.4K $14.26/SF
− OpEx
−$16.4K −$6.42/SF
NOI
$20.0K $7.85/SF
Area
ZIP 78418
Vacancy
12.60%
Lease Rate
$16.32 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$400,420
Cap Rate 7%
$286,014
Cap Rate 9%
$222,456
Alternative Uses
Best Use
Multifamily LT 5
$323.5K
$283.1K – $377.4K
NOI $22,645 @ 7.0% cap · market cap 10.06%
Second Best
Apartment 5plus
$286.0K
$250.3K – $333.7K
NOI $20,021 @ 7.0% cap · market cap 8.90%
Theoretical Best
Office A
$975.6K
$853.6K – $1.14M
NOI $68,290 @ 7.0% cap · market cap 30.35%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
365
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
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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 separate buildings offer rental housing near Naval Air Station Corpus Christi.
Where is this duplex located?
The property is located at 929 McDonald Street Corpus Christi, TX.
What is the asking price?
The asking price for this property is $225,000.
What are key features of this property?
This property features: Two duplex buildings with four rental units; 2,552 square feet of building area on 0.3214 acres; Built in 1972; brick and frame construction
