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118 E Esperanza St., South Padre Island, TX 78597

Local realty services provided by:CENTURY 21 Johnston Company
118 E Esperanza St.,South Padre Island, TX 78597
$1,049,000
  • 6 Beds
  • 8 Baths
  • 3,225 sq. ft.
  • Multi-family
  • Active
Listed by: cianna perez
Office: texas coast & country real estate
MLS#:103935
Source:TX_SPIBR

Price summary

  • Price:$1,049,000
  • Price per sq. ft.:$325.27

About this home

Duplex with assumable loan (2.625% interest rate) in prime South Padre Island location. Fully leased with $5,600/month in gross rental income and reliable tenants who treat the property with care. This flexible investment offers multiple income strategies: rent each side in full or increase yield by leasing out the ground-floor studios independently. Both sides include private driveways, two-car tandem garages, private entrances, and fenced outdoor areas ideal for short-term, mid-term or long-term guests. No deferred maintenance—property has been immaculately maintained & recently updated with full interior repainting, storm-grade shutters, 3 of the 5 A/Cs are <18 months old and more (see detailed list after floor plans). No HOA. Redfin rental estimates reach up to $3,188/month per unit. Projected 2025 income exceeds $67K possibly more. Located 1/2 block from Butterfly parkbeach access. This property will not last long. Please provide as much notice as possible for showings. Thank you.

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Home facts

  • Year built:1982
  • Listing ID #:103935
  • Added:181 day(s) ago
  • Updated:December 17, 2025 at 06:56 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:8
  • Full bathrooms:6
  • Half bathrooms:2
  • Living area:3,225 sq. ft.

Structure and exterior

  • Year built:1982
  • Building area:3,225 sq. ft.

Finances and disclosures

  • Price:$1,049,000
  • Price per sq. ft.:$325.27
  • Tax amount:$7,486 (2024)

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