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118 Esperanza St., South Padre Island, TX 78597

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For Sale

$1,100,000

6 beds • 6 baths • 2 half baths • 3,225 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $341.09
    Price per square foot

  • 41-50 Years Old
    Age

Explore this Property

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.
MLS# 103935

Courtesy Of Texas Coast & Country Real Estate

(956) 407-9713

Property Features

  • Age
    41-50 Years Old
  • Amenities
    Ceiling Fan
  • Appliances
    Dishwasher, Dryer, Garbage Disposer, Ice Maker, Microwave, Refrigerator, Washer
  • Architecture Style
    Other
  • Exterior Type
    Block
  • Floor Covering
    Tile, Vinyl

Map and Directions

Directions to 118 Esperanza St., South Padre Island, TX 78597

Home seller CENTURY 21 Johnston Company

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Johnston Company

(956) 425-3333
Learn More About Us

Mortgage Calculator

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Monthly Payment Breakdown

  • Principle and Interest
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  • Property Taxes
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  • Hazard Insurance
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  • Private Mortgage Insurance
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  • HOA Dues
    $0
  • Total Monthly Payment:
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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

An Equal Opportunity Company

Copyright © 2025 South Padre Island Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data powered by Attom Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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