Fully Leased Duplex for
609 W CYPRESS La Feria, TX 78559
609 W CYPRESS, La Feria, TX, 78559
$295,000
For Sale
$295,000
MULTI_FAMILY - LA FERIA, TX
Property Size1,808 SF
Lot Size0.14 Acres
Price / SF$163.16
Days on Market129
Property Features for 609 W CYPRESS
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Interior features
- Ceiling Fan(s), Smoke Alarm(s)
- Fencing
- Privacy
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 1,808 SF
- Lot size
- 0.14 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
Listing Agency
MARCUS PHIPPS REAL ESTATE, LLC
(956) 423-5300
1617 E Tyler Suite H, HARLINGEN, TX
Listed by
MARCUS PHIPPS · License #0450735
(956) 793-2355
Added: Mar 11 Checked: Jul 17 at 11:06 pm
MLS# 29774825
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.
Investment Insights
Based on property information with market context.
This duplex was built in 2022 and is offered for sale fully leased. Each unit is configured as a 2-bedroom, 2-bath home with an open floor plan and a modern interior design. The kitchen features quartz countertops, an overhanging style counter area with lamps, and a pantry. The primary bath includes built-in features, and both bedrooms are supported by large walk-in closets with built-ins. The home is wired for a security system and insulated with spray foam.
The property is located at 609 W Cypress in La Feria, Texas, in a neighborhood described as desirable and only minutes from an expressway. With the units currently occupied, the seller will require drive-by review and offers in hand before scheduling showings, and not all units may be available for viewing prior to inspections during the option period.
For investors or owner-operators seeking an income-producing residential duplex with newer construction, this property provides turnkey, occupied occupancy at the time of sale. Financial information is available with an NDA during the option period, and inspections may take place during that time based on unit availability.
The property is located at 609 W Cypress in La Feria, Texas, in a neighborhood described as desirable and only minutes from an expressway. With the units currently occupied, the seller will require drive-by review and offers in hand before scheduling showings, and not all units may be available for viewing prior to inspections during the option period.
For investors or owner-operators seeking an income-producing residential duplex with newer construction, this property provides turnkey, occupied occupancy at the time of sale. Financial information is available with an NDA during the option period, and inspections may take place during that time based on unit availability.
Key Highlights
- Built in 2022 duplex with 2‑bedroom, 2‑bath units and an open floor plan
- Fully leased duplex—financial details available with NDA during the option period
- Kitchen features quartz countertops, pantry, and includes range and refrigerator
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $22.8k | $12.60 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $21.3k | $11.79 |
| − OpEx | −$6.4k | −$3.54 |
| NOI | $14.9k | $8.25 |
1,808 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$213.1K
$186.5K – $248.6K
NOI $14,916 @ 7.0% cap · market cap 5.06%
Second Best
Apartment 5plus
$195.4K
$171.0K – $228.0K
NOI $13,679 @ 7.0% cap · market cap 4.64%
Theoretical Best
Healthcare Medical
$311.3K
$272.4K – $363.2K
NOI $21,791 @ 7.0% cap · market cap 7.39%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - A modern, fully leased 2-bedroom duplex built in 2022 offers an efficient open layout for steady rental income.
Where is this duplex located?
The property is located at 609 W CYPRESS La Feria, TX.
What is the asking price?
The asking price for this property is $295,000.
What are key features of this property?
This property features: Built in 2022 duplex with 2‑bedroom, 2‑bath units and an open floor plan; Fully leased duplex—financial details available with NDA during the option period; Kitchen features quartz countertops, pantry, and includes range and refrigerator
