240 Indiana Ave | Image 1
Virtual Tour
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$769,000

For Sale

22 days ago

240 Indiana Ave, Corpus Christi, TX

Condo

MLS® 474975

0 Bed

0 Bath

6000 sqft

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  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential
Size 6000 sqft
Garage 
HOA Fees 
Taxes $2,397
Days Active 21
Approx. Age 1973
Avg. Price Per Sqft $128
MLS® Number 474975

Property Address: 240 Indiana Ave, Corpus Christi, TX, 78404-1713

Average square foot calculated using Size range provided by listing agent.

Description

6-Unit Multifamily | All 2/2 Layouts | In-Unit W/D | DSCR-Friendly Investor-focused 6-unit property located just one block from Ocean Drive Corpus Christi, one of the most desirable rental corridors in Corpus Christi. What sets this property apart is a rare unit mix of all 2 bed / 2 bath units with in-unit washer and dryer connections —a combination that consistently drives stronger rents and tenant retention compared to typical multifamily inventory in the area. The property is currently generating $7, 195/month with a clear path to approximately $7, 800/month, and is positioned to qualify for DSCR financing based on in-place income , making it immediately actionable for investors. Over $125, 000 has been invested into the asset, including a new roof, recent interior and exterior paint, and overall improvements that allow for a true turnkey ownership experience . Several units feature balconies or decks, further increasing tenant appeal in this coastal location. Surrounded by homes valued above $500, 000, the property benefits from both strong rental demand and long-term appreciation fundamentals. This is a clean opportunity for a DSCR investor, 1031 exchange buyer, or VA buyer looking to occupy one unit while offsetting expenses with rental income . A stabilized asset with a tenant-friendly layout that is difficult to replicate at this price point.
MLS® Number474975
Locker
Ensuite Laundry
Balcony
Furnished
Laundry Level
Exposure
Exterior
Garage
Approx. Age1973
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Apr 16, 2026List Date
$769,000List Price
  • Commute

Commute

Starting Address
Destination Address
240 Indiana Ave, Corpus Christi, TX

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