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    155 N Iowa Ave Brownsville, TX 78521

    For Sale
    $760,000

    Multiplex (2-10) - BROWNSVILLE, TX

    Property size:
    5,376 SF
    Lot size:
    0.30 Acres
    Days on Market:
    108
    Last Refresh:
    Dec 8 at 8:06 pm

    Property Features for 155 N Iowa Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Parking features
    Garage
    Interior features
    Other
    Exterior features
    Other
    Appliances
    Refrigerator
    Size
    5,376 SF
    Lot size
    0.30 Acres

    Utilities

    Heating system
    Central, Electric (Heating)
    Cooling system
    Central Air

    Building Details

    Year built
    1980
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Tile
    Building materials
    Brick
    Architectural style
    Other

    Grove Realty Team, LLC (956) 832-4458 [email protected]

    Listing agent Myrna Castella (956) 254-0869

    Listing date Aug 23, 2025

    MLS# 29764243 Listing URL

    Copyright © 2025 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Remodeled 8-Unit Apartment Complex

    This 8-unit apartment complex is located in Brownsville, TX. Each unit features 2 beds and 1 bath, with modern upgrades including new tile flooring, quartz countertops, and stainless steel appliances. Brand-new AC units are installed for tenant comfort. The two-story complex has a clean, contemporary feel. Ample parking is available, with 2 spaces per unit. The property is situated in a high-demand rental market, minutes from SpaceX, shopping, dining, and major highways. The property has a Net Operating Income (NOI) of $56,364.90 and a Cap Rate of 7%. The total living area is 5376 square feet, situated on a lot of 0.296 acres. Recent renovations contribute to low maintenance costs, making this a turnkey investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Wholesale Shop Daycare Center Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.437737
    Latitude
    25.918027

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    FAQs

    What type of property is this?
    Apartment building - Newly remodeled 8-unit apartment complex in Brownsville, TX.
    Where is this apartment building located?
    The property is located at 155 N Iowa Ave Brownsville, TX.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: - High Net Operating Income (NOI) of $56,364.90 and a 7% Cap Rate.; - Newly remodeled 8-unit apartment complex with modern upgrades.; - Each unit features 2 bedrooms, 1 bathroom, new tile flooring, quartz countertops, stainless steel appliances, and new AC units.
    (956) 254-0869
    Request Owner's contact information
    155 N Iowa Ave Brownsville, TX 78521
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    Brownsville, TX 78521
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    155 N Iowa Ave Brownsville, TX 78521
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