Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    306 W Saint Francis St Brownsville, TX 78520

    View on Map
    Sponsored
    Pending
    $384,000

    MULTI_FAMILY - BROWNSVILLE, TX

    Property size:
    4,080 SF
    Lot size:
    0.14 Acres
    Days on Market:
    9
    Last Refresh:
    Mar 22 at 9:06 pm

    Property Features for 306 W Saint Francis St

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Pending
    Appliances
    Range, Refrigerator
    Size
    4,080 SF
    Lot size
    0.14 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Ductless, Zoned
    Water source
    Public

    Building Details

    Year built
    1982
    Floors in Building
    2
    Number of units
    8
    Flooring type
    Vinyl

    We can help!

    Listing Contact
    Bruno Zavaleta
    Bruno Zavaleta

    Zavaleta Realty, LLC

    Listing agent Bruno Zavaleta

    Listing date Mar 14, 2026

    MLS# 29771043 Listing URL

    Copyright © 2026 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.

    Learn more

    Property Insight Report

    Overview

    Turnkey Multifamily Investment Opportunity

    This is an eight-unit multifamily property in Brownsville, Texas, featuring eight one-bedroom, one-bath units. The property is currently generating rental income of $650 per unit per month. Significant capital improvements have been made, including a new roof and replacement of exterior stairs in 2021, and a new deck completed in 2024. Interior remodels include updated cabinets, fresh paint, and new flooring. Each unit is equipped with mini-split HVAC systems and tankless water heaters. The property is well-maintained with minimal deferred maintenance. The property size is 4,080 square feet and the lot size is 0.137 acres. This property is suitable for investors or owner-operators seeking an income-producing asset with long-term upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Brownsville
    County
    Cameron
    State
    Texas
    Longitude
    -97.511142
    Latitude
    25.909901

    Nearby Similar for Sale

    • $385,000
      3,372 SF

      Move-in Ready Office Building

      Office building near courthouse, move-in ready, and hurricane proof.
      1002 E Taylor St, Brownsville, TX 78520
      View Details
    • $399,000
      6,542 SF

      Downtown Church with Redevelopment Potential

      Local church near stadium, suitable for redevelopment.
      409 W 2Nd St, Brownsville, TX 78520
      View Details
    • $300,000
      1,040 SF

      Brownsville Commercial Property with Garage

      Commercial property with service garage in high-traffic area.
      4723 Southmost Rd, Brownsville, TX 78521
      View Details
    • $989,000
      1,574 SF

      Commercial Property with Resaca Views

      Three buildings on 1.1+ acres suitable for diverse commercial applications.
      529 Paredes Ave, Brownsville, TX 78520
      View Details
    • $900,000
      4,240 SF

      Commercial Property in Brownsville, Texas

      Four-lot commercial property with rental spaces and carport.
      295 Frontage Rd, Brownsville, TX 78520
      View Details
    • $359,000
      3,873 SF

      Commercial Property in High-Traffic Area

      Spacious units with private restrooms and A/C near downtown.
      1405 E Monroe St, Brownsville, TX 78520
      View Details
    • $150,000
      2,900 SF

      Downtown Restaurant Business Opportunity

      Restaurant business assets and leasehold interest for sale.
      902 E Adams St, Brownsville, TX 78520
      View Details
    • $875,000
      0.73 Acres

      Income-Producing Commercial Plaza

      Nine-unit commercial plaza in high-traffic Brownsville location.
      2701 E Price Rd, Brownsville, TX 78521
      View Details
    • $3,450,000
      11,360 SF

      Prime Retail Plaza Near Expressway

      High-visibility retail center with diverse tenants and growth potential.
      1160 E Alton Gloor Blvd, Brownsville, TX 78526
      View Details
    • $540,400
      2,782 SF

      Established Commercial Property in Brownsville

      Well-established day care with endless possibilities in high-traffic area.
      515 Robindale Rd, Brownsville, TX 78521
      View Details
    • $569,000
      5,626 SF

      Retail Showroom with Warehouse

      Commercial space featuring showroom and warehouse in Brownsville, TX.
      234 E Elizabeth St, Brownsville, TX 78520
      View Details
    • $795,000
      Pending

      Professional Office Building in Brownsville

      Well-maintained 7,000 SF office building in a prime location.
      114 W Jefferson St, Brownsville, TX 78520
      View Details

    FAQs

    What type of property is this?
    Apartment building - Eight-unit multifamily property in Brownsville, TX with recent upgrades.
    Where is this apartment building located?
    The property is located at 306 W Saint Francis St Brownsville, TX.
    What is the asking price?
    The asking price for this property is $384,000.
    What are key features of this property?
    This property features: - Turnkey 8-unit multifamily property generating rental income; - Recent capital improvements: new roof (2021), exterior stairs (2021), and **new deck (2024)**; - Interior remodels with updated cabinets, fresh paint, and new flooring
    (956) 408-0133
    Request Owner's contact information
    306 W Saint Francis St Brownsville, TX 78520
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    306 W Saint Francis St
    Brownsville, TX 78520
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    306 W Saint Francis St Brownsville, TX 78520
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Bruno Zavaleta
    Bruno Zavaleta
    Real Estate License ID: 0600113
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!