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

$1,100,000


6

Beds


8

Baths


3,225

Sq Ft


Multi-Family


Virtual Tour

Active

Listed by

Cianna Perez

Texas Coast & Country Real Estate

956-407-9713

Last updated:

June 21, 2025, 01:57 AM

MLS#

103935

Source:

TX SPIBR

About This Home

118 E Esperanza St.

Turnkey duplex with assumable loan 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 guests or long-term renters. No deferred maintenance—property has been consistently maintained and recently updated with full interior repainting and storm-grade shutters. No HOA. Redfin rental estimates reach up to $3,188/month per unit. Projected 2025 income exceeds $67K. Assumable loan available—terms upon request. Located just one block from public beach access in a high-demand rental corridor. Showings by appointment only. Recently serviced A/C systems and well-maintained infrastructure provide peace of mind for new ownership.

Home Facts

Multi-Family

8 Baths

6 Bedrooms

Built in 1982

Price Summary

1,100,000

$341 per Sq. Ft.

MLS #:

103935

Last Updated:

June 21, 2025, 01:57 AM


Rooms & Interior

Bedrooms

Total Bedrooms:

6

Bathrooms

Total Bathrooms:

8

Full Bathrooms:

6

Interior

Living Area:

3,225 Sq. Ft.


Structure

Structure

Architectural Style:

Duplex

Building Area:

3,225 Sq. Ft.

Year Built:

1982


Finances & Disclosures

Finances

Price:

$1,100,000

Price per Sq. Ft:

$341 per Sq. Ft.

Source:TX SPIBR
The information being provided by South Padre Island Board of Realtors is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified. © 2025 South Padre Island Board of Realtors All rights reserved.

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