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About This Home

This 0-bedroom, 0-bathroom multi-family at 240 Indiana Avenue in Corpus Christi, TX is listed for $769,000 ($128 per sqft). Built in 1973, the home offers 6,000 sqft of living space on a 0.32 acres lot.

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 combinatio

n 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.

Key Features

  • Built in 1973
  • 0.32 acre lot
  • 2 stories

Property Details

2 stories
1973

Amenities

A/C

Monthly Cost Estimate

$4,113/mo

20% down · 6.5% · 30 years

Principal$556
Interest$3,332
Insurance$224

Estimates only. Actual payments may vary.

Location

240 Indiana Avenue

Corpus Christi, TX 78404

Beau Jardin Condo / BessarPark

Property Details

Flooring

Laminate

Parking

Off Street

Heating

CentralElectric (Heating)

Cooling

Central Air

Appliances

DishwasherElectricOvenElectricRangeRefrigerator

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 240 Indiana Avenue is listed at $769,000 ($128/sqft). The estimated monthly payment is $3,332 based on 20% down at 6.5% interest.

Key features include: Built in 1973, 0.32 acre lot, 2 stories.

This property is listed by Payton Dodson and can be reached at 3617427477 or paytondodson@gmail.com.

PD

Payton Dodson

Agent at TruStar Real Estate

(361) 742-7477

Listed by TruStar Real Estate · View on Broker Site

MLS# 474975· Source: listhub· Updated 1 days ago

Copyright © 2026 South Texas Multiple Listing Service, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

240 Indiana Avenue, Corpus Christi, TX 78404

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