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    South Padre Island, TX Multifamily Properties for Sale

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    South Padre Island Triplex
    Updated: Apr 13
    South Padre Island Triplex

    201 W Hibiscus St., South Padre Island, TX 78597

    $795,000
    3,503 sqft 0.14 AC lot
    Two‑story triplex built in 1992 with 3 units, each with a private entrance and private outdoor deck
    Unit A: upstairs unit with private deck and central AC
    Unit B: ground‑level unit with handicap accessible features and central AC
    Unit C: upstairs unit with private deck
    Roof replaced in Aug 2025; new AC in 2026; fully furnished
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    This listing looks promising.

    Here's a quick look at some key insights for

    201 W Hibiscus St., South Padre Island, TX 78597

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    • Est. Cap Rate

      3.6%
      NOI ÷ price

    • Est. NOI

      $29K
      Annual

    • Price @ 7% Cap

      $413K
      Suggested

    • Property Type

      Multi-Family Dwellings
      Built 1992
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    Modern Duplex with Private Pools
    Updated: Jul 15
    Modern Duplex with Private Pools

    116A & 116B E Dolphin Street, South Padre Island, TX 78597

    $1,480,000
    3,797 sqft 0.11 AC lot
    Modern duplex built in 2021 with each unit offering 3 bedrooms and 2.5 bathrooms
    Open‑concept kitchen, dining, and living areas in each unit
    Kitchen features include quartz countertops
    Private pool (fenced yard) plus outdoor shower
    Central heating and central air
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    Spacious Duplex with Three Balconies
    Spacious Duplex with Three Balconies

    129 E Gardenia Street, South Padre Island, TX 78597

    $599,000
    2,625 sqft 0.14 AC lot

    Duplex for sale with two units, each offering 3 bedrooms and 2 full bathrooms plus balconies.

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    Recently Remodeled Up-Down Duplex
    Recently Remodeled Up-Down Duplex

    129 E Esperanza Street, South Padre Island, TX 78597

    $720,000
    2,296 sqft 0.14 AC lot

    Up-down duplex with separate 2-bedroom units and a four-season porch, steps from Gulf Blvd and public beach access.

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    Fourplex Residential Income Property
    Fourplex Residential Income Property

    112 E. Oleander St., South Padre Island, TX 78597

    Contact for pricing

    Four well-appointed 2-bedroom, 2-bath units with granite counters, stainless appliances, tile flooring, and a shared pool.

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    South Padre Island Multi-Family Building
    South Padre Island Multi-Family Building

    128 E Saturn Lane, South Padre Island, TX 78597

    $2,690,000
    6,820 sqft 0.07 AC lot

    Two townhomes, each with 6 bedrooms, ideal for rentals.

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    Duplex with Rental Unit Potential
    Duplex with Rental Unit Potential

    126 E Carolyn Dr., South Padre Island, TX 78597

    $675,000
    2,282 sqft 0.14 AC lot

    Duplex on a 6,250 sq. ft. lot in South Padre Island, zoned B, positioned a short distance from Gulf Blvd.

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    Recently Remodeled Up-Down Duplex
    Recently Remodeled Up-Down Duplex

    129 E Esperanza St., South Padre Island, TX 78597

    $720,000
    2,296 sqft 0.14 AC lot

    Up-down duplex with recently remodeled interiors, offering a 2 bed/1 bath bottom unit and a 2-story 2 bed/2 bath top unit.

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    Four-Unit Residential Income Property
    Four-Unit Residential Income Property

    110 E Pike St., South Padre Island, TX 78597

    $1,100,000
    3,350 sqft 0.03 AC lot

    Each unit features 2 bedrooms and 2 full bathrooms, with separate utilities and shared outdoor patio access.

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    South Padre Island Multifamily Investment
    South Padre Island Multifamily Investment

    5712 Padre Blvd., South Padre Island, TX 78597

    $1,880,000
    3,886 sqft 0.26 AC lot

    Rare investment opportunity on South Padre Island with commercial zoning.

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    Ocean Side Duplex Investment Property
    Ocean Side Duplex Investment Property

    102 E Whiting St., South Padre Island, TX 78597

    $1,899,900
    3,534 sqft 0.12 AC lot

    South Padre Island duplex with income potential and beach access.

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    Tri-Plex with Private Garages
    Tri-Plex with Private Garages

    125 E Huisache St., South Padre Island, TX 78597

    $949,000
    3,883 sqft 0.14 AC lot

    Tri-plex includes three garages, outdoor showers, and a heated/chilled pool with hot tub, with three separate utilities.

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    Modern Duplex with Private Pool
    Modern Duplex with Private Pool

    110 E Ling Street, South Padre Island, TX 78597

    $1,100,000
    5,744 sqft 0.11 AC lot

    Duplex for sale featuring two units with 3 bedrooms, 2.5 baths, and outdoor amenities including a private pool and fenced yard.

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    Four-Unit Condo Complex
    Four-Unit Condo Complex

    110 E Retama St., South Padre Island, TX 78597

    $995,000
    5,240 sqft

    Refreshed four-condo complex described as ready for immediate rental use in South Padre Island, Texas.

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    Furnished Townhomes Near Gulf Blvd
    Furnished Townhomes Near Gulf Blvd

    118 E Whiting St., South Padre Island, TX 78597

    $725,000
    2,410 sqft 0.12 AC lot

    Two furnished townhomes near the Gulf, ideal for short-term rentals.

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    Modern Duplex Near South Beach
    Modern Duplex Near South Beach

    110 E Ling St., South Padre Island, TX 78597

    $1,100,000
    2,776 sqft 0.11 AC lot

    Modern duplex near the beach, ideal for vacation rental.

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    Bayside Triplex with Bay Views
    Bayside Triplex with Bay Views

    111 W Marisol Dr., South Padre Island, TX 78597

    $869,000
    3,184 sqft 0.11 AC lot

    Bayside triplex with bay and sunset views, featuring updated interiors and washer/dryer hookups in all units.

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    Spacious Home Near SPI Shores
    Spacious Home Near SPI Shores

    203 W Esperanza St., South Padre Island, TX 78597

    $790,000
    2,339 sqft 0.14 AC lot

    Spacious 5 bed, 3 bath home near South Padre Island.

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    Beachside Duplex with Three Balconies
    Beachside Duplex with Three Balconies

    129 E Gardenia Ave., South Padre Island, TX 78597

    $599,000
    5,250 sqft 0.14 AC lot

    Two units each offer 3 bedrooms and 2 full baths, plus three balconies and a large backyard.

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    Modern Duplex with Private Pool
    Modern Duplex with Private Pool

    112 E Dolphin Lane, South Padre Island, TX 78597

    $1,100,000
    3,506 sqft 0.11 AC lot

    Modern duplex with two 3-bedroom units, featuring private pool and fenced yard for coastal-style living.

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    Luxury Condos Near South Padre
    Luxury Condos Near South Padre

    134 E Atol St., South Padre Island, TX 78597

    $9,950,000
    21,600 sqft 0.43 AC lot

    Exclusive nine-unit property steps from the beach.

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    Based on your search, we've compiled Potential Opportunities for your consideration. Besides 21 Active Listings in South Padre Island, TX, we suggest to view alternatives - similar 8 Off-Market properties to explore as potential leads.

    Off-Market Properties in South Padre Island, TX

    Consider similar Off-Market properties in South Padre Island, TX. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    106 Corral St
    Multifamily properties

    106 Corral St, South Padre Island, TX 78597

    Value Estimation by Request
    4,500 sqft
    View details
    102 Atol St
    Multifamily properties

    102 Atol St, South Padre Island, TX 78597

    Value Estimation by Request
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    129 Gardenia St
    Multifamily properties

    129 Gardenia St, South Padre Island, TX 78597

    Value Estimation by Request
    View details

    South Padre Island, TX Multifamily Properties Market Trends and Statistics

    Explore 29 multifamily properties for sale in South Padre Island, TX, showcased through 21 active listings on our real estate platform. These investment opportunities span a total of 90,321 square feet of properties for sale, with an estimated market value of $30,735,900.

    Sale prices for multifamily properties in South Padre Island, TX start at $599,000, averaging $1,536,795, and reaching up to $9,950,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Duplexes 12
    Short term rental properties 11
    Triplexes 4
    Quadplexes 3
    Apartment buildings 2

    Demographics Overview

    Population 2,881
    Population Growth (5Y) +1.5%
    Median Household Income $61,357
    College Educated 79.0%

    High-Yield Neighborhoods for Investment

    Identify South Padre Island submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    78597 $1.6M

    Taxes & Financing

    Tax Rate (average for all types) 1.29%
    Property Tax per SF $3.62 per SF
    Tax Rate vs County Average 0.52 pp below county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Cameron County

    New Delisted

    Total CRE Inventory on Market (SF)

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