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Days415Days on Market
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$299,500

402 E Nopal St, Rockport, TX, 78382

On MarketInfo
CommercialInfo
Baths3 Bath
Baths1,933 Sq Ft
Multi FamilyMulti Family
price_per_sqft$154.94 / sqft
Year BuiltBuilt in 1940

Highlights

Interior

Bathrooms Half 3Bathrooms Half 3
AppliancesElectric Oven, Electric Range, Free-Standing Range, Gas Oven, Gas Range, Refrigerator
FlooringVinyl

Exterior

Lot Size8,194 sqft

Building Information

Year Built1940

Land Information

APN5550-054-015-000
Lot Number15,16
SubdivisionSmith And Wood
Land UseResidential
Legal DescriptionSMITH AND WOOD, BLOCK 54, LOT 15 & 16
Census Tract950301
Assessed Land Value$40,960
Assessed Improvement Value$258,600
Assessment Year2025

About this property

Discover a rare opportunity to own an investment property in Rockport? Three individual cottages on corner lot ready to rent. Located just a golf cart ride away to all Rockport has to offer. Beach, downtown, and the maritime museum are less than 2 miles away! Perfectly suited for long-term rentals, vacation stays or a mix of both. Live in one and rent the other two. Vinyl flooring and new roof in 2018. Unit 1 (green house). Unit 2 (yellow house) & unit 3 (blue house) have privacy fenced back yards. Being sold AS IS.

Investor Tools

$0Estimated Mortgage Balance
$299,560Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,797 /month
Positive
Cash Flow Estimate:
$599 /month

Interested in this property?

Glenda Merrell

Key Allegro Real Estate

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$525/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$4,800
$299,560
2025
$40,960
$258,600
$299,560
No

Tax History

Year
Tax Paid
Assessed Value
2025
$4,800
$299,560

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$299,560
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: Rockport

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