1300 N Live Oak St - Multi-Family FOR SALE


Rockport, TX 78382
$1,300,000 USD
210-317-1179
1300 N Live Oak St, Rockport, TX for Sale
$1,300,000 USD
Multi-Family - FOR SALE
1/45
null | 8.53% Cap Rate

1300 N Live Oak St
Rockport, TX 78382


HIGHLIGHTS

  • Brick Construction, Single-Level, Single-Family Style
  • 100% Occupancy - Under Market Rate
  • OVER $110k Recent CAPEX
  • Individually Metered for Electric and Water
  • ~ 7.9% CAP Rate on Actual T12

OVERVIEW

Updated June T12 Available! Lifestyles Realty – Central Texas is pleased to exclusively offer for sale Live Oak Cottages, a 9-unit single-family cottage rental community located at 1300 N Live Oak St in Rockport, Texas. The parcel includes one area suitable for future expansion. Following a recently completed capital improvement program over $111,000 — including flooring, subfloor, moisture barrier, and insulation replacement across the portfolio — the community is now 100% leased, presenting a buyer with a stabilized, turnkey coastal Texas rental asset. Rockport is a coastal city on the Texas Gulf Coast and serves as the county seat of Aransas County, roughly midway between Corpus Christi and Victoria. The city is known for its fishing, boating, and birding tourism economy, its working waterfront, and its role as a retirement and second-home destination along the Texas coastal bend. Rockport's population has grown steadily in recent years, with current estimates placing the city at approximately 10,700–11,600 residents — up meaningfully from the 2020 Census count — reflecting continued in-migration to the coastal bend region. Median household income in the area is estimated in the low-to-mid $60,000–$70,000 range, with average household income figures notably higher, consistent with a market that includes both a working-class labor force and a substantial retiree/second-home population. The area's economy is anchored by tourism, marine trades, healthcare, and retail/service employment, supplemented by proximity to the broader Corpus Christi metro job market. This mix of steady population growth, a coastal lifestyle draw, and a workforce that regularly seeks affordable rental housing supports consistent demand for well-located single-family rental product such as Live Oak Cottages.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$137 USD /SF

# OF UNITS

9

PRICE/UNIT

$144,444

CAP RATE

8.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Live Oak Cottages

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

R-2

APN/PARCEL ID

33598

ASK ABOUT THIS PROPERTY

Steve GuzekPhyllis browning commercialMore Info
210-317-1179

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Steve GuzekPhyllis browning commercialMore Info
210-317-1179

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.