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$20,000

217 Spruce Street, Corpus Christi, TX, 78408

On MarketInfo
Baths0 Bath

Highlights

Interior

Bathrooms 0Bathrooms 0

Exterior

Lot Size1,960 sqft

Land Information

APN5305-0005-0090
Lot Number9
SubdivisionMonte Vista
Land UseResidential
Legal DescriptionMONTE VISTA LT 9 BK E
Census Tract001100
Assessed Land Value$2,925
Assessment Year2025

About this property

Residential lot zoned RM (Residential Multifamily) located in the heart of Corpus Christi, just minutes from downtown, schools, shopping, major employers, and the Bayfront. This 1,951 sq ft tract offers exceptional flexibility, allowing for apartment construction, townhomes, duplex/multifamily development, or a single family build, making it an ideal option for developers, investors, or buyers looking to secure land in a high-demand central location. Whether your vision is to build rental units, develop a small multifamily project, or hold for future appreciation, this property delivers on both zoning and location. RM zoning opens the door to income producing possibilities that are becoming increasingly rare at this price point within city limits. Owner financing is available, providing a major advantage for buyers seeking flexibility outside of traditional bank lending. Skip the red tape, bring your plans, and lock in a centrally located development opportunity with terms designed to make ownership more accessible. The lot sits in an established neighborhood with utilities available nearby, making it a straightforward option for future construction. Its manageable size keeps entry costs affordable while still offering strong potential for creative development, whether that’s modern townhomes, a small apartment build, or a long term rental strategy. Investors will appreciate the steady rental demand, proximity to I-37, downtown Corpus Christi, and surrounding amenities. Builders and developers will value the RM zoning and infill location in a market that continues to grow. 217 Spruce St is more than just a vacant lot , it’s a blank canvas in a city on the move. Build now, invest for cash flow, or hold for future upside. Opportunities like this, especially with multifamily zoning and owner financing, are becoming harder to find.

Investor Tools

$0Estimated Mortgage Balance
$42,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$300 /month
Positive
Cash Flow Estimate:
$100 /month

Interested in this property?

Annalisa Rios

eXp Realty LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$19/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$19
$2,925
2025
$2,925
N/A
$2,925
Yes (2010)

Tax History

Year
Tax Paid
Assessed Value
2024
$19
$2,925

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$42,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

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.

Explore Texas Explore This Area
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: Corpus Christi

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