510 S Musina St Unit A-E Port Isabel, TX 78578
Estimated payment $2,955/month
Highlights
- Ground Level Unit
- 2 Car Attached Garage
- Tile Flooring
- Private Yard
- Window Unit Cooling System
- 1-Story Property
About This Home
An exceptional investment opportunity awaits with this fully occupied 5-plex, perfectly positioned in the heart of Port Isabel on two prominent corner lots. Boasting a prime location directly across from the city park and just a 5-minute drive over the causeway to the sandy beaches of South Padre Island, this property offers both convenience and long-term value in one of the area's most desirable markets. The main residence features 3 spacious bedrooms, 2.5 baths, and a 2-car garage, blending comfort and function for tenants seeking a larger home environment. Complementing the main home are three studio efficiencies, each with its own private bath, along with a well-appointed 1-bedroom, 1-bath apartment. Together, these five units create a diverse mix of rental options that appeal to a wide range of tenants. Currently producing $4,777 per month in rental income, this property represents a stable, income-generating asset with immediate returns. Prime location & strong rental history!
Listing Agent
SPI Beachfront Realty Brokerage Phone: 9565720521 License #TREC #0627356 Listed on: 09/03/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $2,793
Year Built
- Built in 1968 | Remodeled
Lot Details
- 0.28 Acre Lot
- Private Yard
Parking
- 2 Car Attached Garage
Home Design
- Slab Foundation
- Frame Construction
- Composition Roof
Interior Spaces
- 2,645 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
- Washer and Dryer
Kitchen
- Stove
- Microwave
Bedrooms and Bathrooms
- 4 Bedrooms
Utilities
- Window Unit Cooling System
- Central Air
- Heating Available
- Cable TV Available
Additional Features
- Energy-Efficient Thermostat
- Ground Level Unit
Listing and Financial Details
- Legal Lot and Block 7 & 8 / 11
- Assessor Parcel Number 4700000110007000
Community Details
Overview
- 5 Units
- Original Townsite Port Isabel Subdivision
Pet Policy
- Pets Allowed with Restrictions
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,793 | $205,422 | -- | -- |
| 2024 | $2,793 | $186,747 | -- | -- |
| 2023 | $2,414 | $169,770 | $0 | $0 |
| 2022 | $3,555 | $154,336 | $69,360 | $84,976 |
| 2021 | $3,735 | $155,794 | $69,360 | $86,434 |
| 2020 | $3,774 | $156,526 | $69,360 | $87,166 |
| 2019 | $3,735 | $157,205 | $39,960 | $117,245 |
| 2018 | $3,759 | $158,334 | $39,960 | $118,374 |
| 2017 | $3,718 | $157,004 | $39,960 | $117,044 |
| 2016 | $4,799 | $202,660 | $39,960 | $162,700 |
| 2015 | -- | $202,660 | $39,960 | $162,700 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/03/2025 09/03/25 | For Sale | $519,000 | -- | $196 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Vendors Lien | -- | Stewart Title Of Cameron Cou | |
| Warranty Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $155,000 | Purchase Money Mortgage | |
| Previous Owner | $42,000 | No Value Available |
Source: South Padre Island Board of REALTORS®
MLS Number: 104242
APN: 470000-0110-007000
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