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$450,000

108 E GEORGIA RUTH DR. 31, SOUTH PADRE ISLAND, TX, 78597

Off MarketInfo
CommercialInfo
Baths0 Bath
Baths2,384 Sq Ft
Multi FamilyMulti Family
price_per_sqft$188.76 / sqft
Year BuiltBuilt in 1981

About this property

Attractively furnished and well maintained 3 story 3 unit beach house that feels like a cabin. 3/4 block to the Beach with a total of 5 bedrooms, 5 bathrooms, 3 living areas, 3 complete kitchens, 4 balconies, 2 patios, laundry room, 2 garages and storage room. The two 2/2/1 are mirror images of each other on the 2nd and 3rd floors. The 1/1 is ground floor. Large fenced in back yard. Bay views from the front balconies. Room for pergola & pool and still have room for some yard. Great rental property BUT would also be wonderful for a family to purchase & share OR buy, live in one and rent the others OR could be converted to one large house. So many options for this rare find! Call listing office for availability.

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Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,700 /month
Positive
Cash Flow Estimate:
$900 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$X/month
No HOA
5.947%

Learn About the Market: Opportunity in Texas

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Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: SOUTH PADRE ISLAND

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108 E GEORGIA RUTH DR. 31 | Property Details | No Agent List