Last 24 Hours
$399,000
1301 N Ocean Dr, Port Lavaca, TX, 77979
On Market
Commercial
— Beds
10 Bath
4,446 Sq Ft
Multi Family
$89.74 / sqft
Built in 1981Highlights
Interior
Bedrooms —
Bathrooms 10Exterior
Lot Size1.04 acres
Building Information
Year Built1971
Land Information
APN87553
Lot Number2
Land UseResidential
Legal DescriptionGALLAGHER SUBD, BLOCK 1, LOT 2
Census Tract000401
Assessed Land Value$211,270
Assessed Improvement Value$272,010
Assessment Year2025
About this property
Investment opportunity on Lavaca Bay with apx 275' bay frontage featuring 8 units on over 1 acre at 1301 Alacan Drive, Port Lavaca, TX. The property includes 3 RV sites and is located just down the road from a public boat ramp, offering strong potential for short-term rentals, a fishing lodge, or long-term income use. Property does need repairs, including fire damage to the two-story unit, making it ideal for investors looking for a value-add opportunity with upside potential.
Investor Tools
$66,186Estimated Mortgage Balance
$417,255Estimated Equity
86% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,900 /month
Positive
Cash Flow Estimate:
$967 /month
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ContactFinancing Details
Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$765/month
No HOA
5.947%
Tax Information
Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,764
$483,280
2025
$211,270
$272,010
$483,280
No
Tax History
Year
Tax Paid
Assessed Value
2025
$6,764
$483,280
Mortgage Details
Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Hunter-Kelsey Ii Llc
Unknown
$80,000
No
First
Jan 30, 2018
Feb 2023
Equity Summary
Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$66,186
$417,094
86%
14%
$480/mo
12.4%