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155 N Iowa Ave Brownsville, TX 78521

For Sale
$760,000

Commercial - BROWNSVILLE, TX

Property size:
5,376 SF
Lot size:
0.30 Acres
Days on Market:
109
Last Refresh:
Dec 9 at 1:06 pm

Property Features for 155 N Iowa Ave

General Information

Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Exterior features
Other
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
Flooring type
Tile
Building materials
Brick
Roof type
Shingle
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# 29764242 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 Apartment Complex Investment Opportunity

Located at 155 N Iowa Ave in Brownsville, TX, this newly remodeled 8-unit apartment complex presents a prime investment opportunity. The property features a 7% cap rate and an NOI of $56,364.90. Each of the eight units includes two bedrooms and one bathroom, enhanced by modern upgrades such as new tile flooring, quartz countertops, and stainless steel appliances. Brand-new AC units ensure tenant comfort. The two-story building offers a clean, contemporary aesthetic. Ample parking is provided with two spaces per unit. Situated on a 0.296-acre lot, the property is positioned in a high-demand rental market, conveniently located minutes from SpaceX, shopping, dining, and major highways. Recent renovations contribute to low maintenance costs and strong rental income potential, making this a turnkey investment. The property's living area totals 5376 square feet.
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

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 indicate strong investment potential.; - Newly remodeled units feature tile flooring, quartz countertops, stainless steel appliances, and new AC units.; - Located in a high-demand rental market near SpaceX, shopping, dining, and major highways.
More about this property
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