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229 E Spencer Ave, Aransas Pass, TX, 78336

11beds
5baths
4,368sqft
$699,000
$160price/sqft
$4,980/moest. monthly cost
$199,200/yrincome needed

About This Home

Income-producing opportunity in the heart of Aransas Pass - positioned squarely in the city's growth corridor with full city utilities and strong visibility. Five fully remodeled coastal cabins deliver immediate cash flow with long-term upside in one of the Coastal Bend's most active rental markets. Each cottage has been thoughtfully renovated from the inside out, including new electrical, plumbing, and individual HVAC systems. Every unit features in-unit washer and dryer, dedicated parking, additional off-street parking, and covered parking—an uncommon and highly desirable amenity in this market. Located directly off the main thoroughfare connecting downtown Aransas Pass to Port Aransas Island, accessibility and exposure are unmatched. The property includes a versatile unit mix: one 3-bedroom/1-bath, and four-2-bedroom/1-bath units, all beautifully updated and offered fully furnished making this a true turnkey investment. While currently rented all bills paid, each cabin is individually metered for water, electricity, and gas, providing operational flexibility for future optimization. This is the kind of property investors look for but rarely find: scalable, well-located, and ready to perform from day one. Schedule your private tour today and secure a coastal asset built for income and growth.

Getting Around

53
WalkingSomewhat Walkable
0
TransitVery Limited Transit
53
BikeBikeable

Schools

2/10
A C Blunt Middle SchoolGrades 6-81.7 mi
4/10
Aransas Pass High SchoolGrades 9-121.4 mi

Construction

Materials

  • Roof: Other
  • Construction materials: Frame,Masonry Board,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Pkg Single Family

Interior

Appliances

  • Appliances included: Dryer (Unit 1),Range/Oven (Unit 1),Refrigerator (Unit 1),Washer (Unit 1),Dryer (Unit 2),Range/Oven (Unit 2),Refrigerator (Unit 2),Washer (Unit 2),Dryer (Unit 3),Range/Oven (Unit 3),Refrigerator (Unit 3),Washer (Unit 3),Dryer (Unit 4),Range/Oven (Unit 4),Refrigerator (Unit 4),Washer (Unit 4)
  • Laundry features: Washer/Dryer Hookup (Unit 1),Washer/Dryer Hookup (Unit 2),Washer/Dryer Hookup (Unit 3),Washer/Dryer Hookup (Unit 4)

Bedrooms & Bathrooms

  • Bedrooms: 11
  • Bathrooms: 5

Cooling

  • Cooling features: Window A/C (Unit 1),Window A/C (Unit 2),Window A/C (Unit 3),Window A/C (Unit 4)

Features

  • Living Room (Unit 1),Living Room (Unit 2),Living Room (Unit 3),Living Room (Unit 4)
  • Window features: Drapes/Blinds (Unit 1),Drapes/Blinds (Unit 2),Drapes/Blinds (Unit 3),Drapes/Blinds (Unit 4)
  • Flooring: Ceramic Tile (Unit 1),Ceramic Tile (Unit 2),Ceramic Tile (Unit 3),Ceramic Tile (Unit 4)

Interior Area

  • Total structure area: 4,368
  • Total interior livable area: 4,368 sqft

Property

Details

  • Zoning description: Commercial

Features

  • Stories: 1

Lot

  • Lot size: 0.36 Acres
  • Features: Interior Lot
  • Lot size dimensions: 15750

Parking

  • Parking features: Assigned,Paved

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveRelatively High
  • Hurricane
    HurricaneRelatively High
  • Coastal Flooding
    Coastal FloodingModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Lightning
    LightningModerate
  • Strong Wind
    Strong WindModerate
  • Tornado
    TornadoModerate
  • Tsunami
    TsunamiInsufficient Data

How This Home’s Risks Compare

Cold Wave
Hurricane
Coastal Flooding
Heat Wave
Inland Flooding
Lightning
Strong Wind
Tornado
Tsunami

FEMA Declared Disasters Across Texas Counties

Fire
Flood
Hurricane

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $3,534$42,408
Home Insurance *$204$2,448
Property Taxes $763$9,156
Electricity $479$5,755
Total$4,980$59,760
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$170,742/yr
40% on housing$149,400/yr
45% on housing$132,800/yr

Texas FAIR Plan Programs

Texas FAIR Plan Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →

Texas Windstorm Insurance Association

Covered
HailHail
WindWind
Visit Website →
Current Policies
Residential: 126,680Commercial: -4
Total Premiums$237.28M
Total Exposure$32.93B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 1.8%
1.8%
0%30.0%
Electricity Growth Rate10-year average: 3.8%
3.8%
0%15.0%
Property Taxes Growth Rate2-year average: 0.9%
0.9%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$160This listing

vs Other Active Listings

Avg $/sqft

ZIP 78336$213
San Patricio County$150

vs Homes Sold Last Month

Median $/sqft

ZIP 78336
San Patricio County

Current Market Trends

No market data available for this area

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-02-11Listed for sale$699,000
2020-08-11Listing removed$321,000
2020-07-25Pending sale$321,000
2020-06-26Price change$321,000
2020-04-09Listed for sale$320,000
2019-04-09Listing removed$249,900
2019-01-21Listed for sale$249,900
2018-11-06Listing removed$775
2018-10-03Listed for rent$775

For Sale by Agent

AgentJames Balleza
BrokerageKEY ALLEGRO REAL ESTATE

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