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240 Indiana Avenue
Corpus Christi TX 78404 US

$769,000

Active Listing ID 474975
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Lot: 0.32 Acres
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Apartment

$769,000

Active Listing ID 474975
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240 Indiana Avenue 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.

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Property Features

  • Facts
  • Lot Size: 0.32 Acres
  • Property Type: Residential
  • Property Sub-type: Apartment
  • Features
  • Cooling System: Central Air
  • Floor Covering: Laminate
  • Roof Type: Flat, Shingle
  • Heating Fuels: Central, Electric (Heating)

School Information

  • School
  • Menger(Elementary)
  • Baker(MiddleSchool)
  • Ray(HighSchool)

Property

  • propertytype: Residential
  • propertysubtype: Apartment
  • listprice: 769000
  • unparsedaddress: 240 Indiana Avenue
  • postalcity: Corpus Christi
  • stateorprovince: TX
  • country: US
  • postalcode: 78404
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.32
  • lotsizeunits: Acres
  • lotsizearea: 0.32
  • livingarea: 6000
  • livingareaunits: Square Feet
  • latitude: 27.768381
  • longitude: -97.389858
  • listagentfullname: Payton Dodson
  • listagentemail: paytondodson@gmail.com
  • listagentkey: 3yd-CCARTX-0583922
  • listagentmlsid: 0583922
  • listagentpreferredphone: 3617427477
  • listagentofficephone: 3617427477
  • listofficekey: 3yd-CCARTX-533282
  • listagentstatelicense: 0583922
  • listofficemlsid: 533282
  • disclaimer: 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.
  • sourcesystemid: CCARTX
  • yearbuilt: 1973
  • listingcontractdate: 2026-04-16
  • countyorparish: Nueces
  • parcelnumber: 055300000010
  • elementaryschool: Menger
  • highschool: Ray
  • elementaryschooldistrict: Corpus Christi ISD
  • middleorjuniorschooldistrict: Corpus Christi ISD
  • highschooldistrict: Corpus Christi ISD
  • appliances: Dishwasher, ElectricOven, ElectricRange, Refrigerator
  • cooling: Central Air
  • flooring: Laminate
  • heating: Central, Electric (Heating)
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • parkingfeatures: Off Street
  • roof: Flat, Shingle
  • waterfrontyn: False
  • franchiseaffiliation: None
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: False
  • internetconsumercommentyn: True
  • location: -97.389854, 27.768381
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"TruStar Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"paytondodson@gmail.com", "ListBrokerageCity":"Austin", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"TruStar Real Estate", "ListBrokeragePhone":"877-400-0340", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"TX", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"11701 Bee Caves Rd. Suite 250", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"12600 Hill Country Blvd ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"533282", "ListOfficeCity":"Austin", "ListOfficeCountry":"US", "ListOfficeEmail":"info@trustar.us", "ListOfficePostalCode":"78738", "ListOfficeStateOrProvince":"TX", "ListPriceCurrencyType":"USD", "ListingTitle":"APARTMENT - Corpus Christi, TX", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/240-Indiana-Ave_Corpus-Christi_TX_78404_M17284-08064?f=listhub&s=CCARTX&m=474975&c=rexren", "MLSModificationTimestamp":"2026-04-16 23:00:17", "Neighborhoods":[{"Description":null, "Name":"Beau Jardin Condo / BessarPark"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":2397, "TaxDescription":"BEAU JARDIN CONDO, UNITs 1 -6; Tax IDs 192412, 192413, 192414, 192415, 192416, 192417", "TaxYear":null}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 4/16/2026 11:05:36 PM GMT
Source Updated Date: 4/27/2026 12:41:47 PM GMT

Courtesy of: Payton Dodson, TruStar Real Estate, paytondodson@gmail.com

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.