Two-Duplex Multifamily
For Sale
$275,000
929 Mcdonald Street, Corpus Christi, TX 78418
Residential, Corpus Christi, TX
Property Size2,552 SF
Lot Size0.32 Acres
Price / SF$107.76
Days on Market40
Property Features for 929 Mcdonald Street
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Bedrooms
4
Rooms
Bedroom 4, Bedroom 1, Bedroom 3, Bedroom 2
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
Linoleum, Vinyl
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: Sep 21
Last Checked: Oct 7 at 3:06PM
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.
Investment Insights
Based on property information with market context.
This multifamily property includes two duplex buildings with four rental units totaling 2,552 square feet on a 0.3214-acre parcel. Constructed in 1972, the improvements combine brick and frame construction with flat roofs, linoleum and vinyl flooring, and window-unit cooling. Public water and public sewer serve the property.
The 929 McDonald Street address is in Corpus Christi’s 78418 area, near Naval Air Station Corpus Christi and approximately a 10-minute drive from beaches, boating, and fishing destinations. Restaurants, shopping, and everyday services are also nearby, with some destinations accessible by bicycle or a short drive. The four-unit configuration provides an established rental property format for multifamily ownership.
The 929 McDonald Street address is in Corpus Christi’s 78418 area, near Naval Air Station Corpus Christi and approximately a 10-minute drive from beaches, boating, and fishing destinations. Restaurants, shopping, and everyday services are also nearby, with some destinations accessible by bicycle or a short drive. The four-unit configuration provides an established rental property format for multifamily ownership.
Key Highlights
- Two duplex buildings with four total rental units
- 2,552 square feet on a 0.3214‑acre parcel
- Built in 1972 with brick and frame construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,645
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,900
$452.9K
Cap Rate 7%
$323,500
$323.5K
Cap Rate 9%
$251,611
$251.6K
Market Conditions
NOI Build-Up for 2,552 SF
Gross rent
$36.7K $14.40/SF
− Vacancy
−$4.4K −$1.72/SF
EGI
$32.3K $12.68/SF
− OpEx
−$9.7K −$3.80/SF
NOI
$22.6K $8.87/SF
Area
ZIP 78418
Vacancy
11.97%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$452,900
Cap Rate 7%
$323,500
Cap Rate 9%
$251,611
Alternative Uses
Best Use
Multifamily LT 5
$323.5K
$283.1K – $377.4K
NOI $22,645 @ 7.0% cap · market cap 8.23%
Second Best
Apartment 5plus
$286.0K
$250.3K – $333.7K
NOI $20,021 @ 7.0% cap · market cap 7.28%
Theoretical Best
Office A
$975.6K
$853.6K – $1.14M
NOI $68,290 @ 7.0% cap · market cap 24.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Four-unit rental property with brick and frame construction, public utilities, and convenient access to local amenities.
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 $275,000.
What are key features of this property?
This property features: Two duplex buildings with four total rental units; 2,552 square feet on a 0.3214‑acre parcel; Built in 1972 with brick and frame construction
