8-Unit Apartment
For Sale
$1,195,000
00 Gregory Ave., Brownsville, TX 78521
2014 construction with separately metered water and electric service.
Property Size7,040 SF
Price / SF$169.74
Days on Market88
Property Features for 00 Gregory Ave.
General Information
Standard status
Active
Size
7,040 SF
Total Parking Spaces
17
Property subtype
Multi-Family
Additional Details
Multifamily Units
8
Amenities
granite counter tops
shower no tub
washer dryer connections
refrigerator and stove
Building Details
Year Built
2014
Listing Agency:
Texas Stars Realty Group, LLC
Listed By:
Nicolas Rodriguez · License #0494405
(956) 541-2200
Source:
Accessrealtyrgv
Added: Jul 21
Changed: Oct 12
Last Checked: Oct 7 at 4:56PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Texas Stars Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This apartment property contains 8 units within a 7040-square-foot building constructed in 2014. Each unit is equipped with granite countertops, a refrigerator, and a stove. Bathrooms feature showers rather than tubs, and washer and dryer connections are provided for resident use.
The complex includes 17 parking spaces and 8 water and electric meters, supporting separate utility measurement across the property. The existing improvements combine residential layouts with practical in-unit appliance and laundry provisions.
The complex includes 17 parking spaces and 8 water and electric meters, supporting separate utility measurement across the property. The existing improvements combine residential layouts with practical in-unit appliance and laundry provisions.
Key Highlights
- 8‑unit apartment complex
- 7040 square feet, built in 2014
- 8 water and electric meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,264
Cap Rate
4.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,280
$1.1M
Cap Rate 7%
$760,914
$760.9K
Cap Rate 9%
$591,822
$591.8K
Market Conditions
NOI Build-Up for 7,040 SF
Gross rent
$103.9K $14.76/SF
− Vacancy
−$7.1K −$1.00/SF
EGI
$96.8K $13.76/SF
− OpEx
−$43.6K −$6.19/SF
NOI
$53.3K $7.57/SF
Area
Brownsville, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,065,280
Cap Rate 7%
$760,914
Cap Rate 9%
$591,822
Alternative Uses
Best Use
Apartment 5plus
$760.9K
$665.8K – $887.7K
NOI $53,264 @ 7.0% cap · market cap 4.46%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.21M
$1.06M – $1.41M
NOI $84,852 @ 7.0% cap · market cap 7.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
154
Businesses Nearby
Explore this area
Business Placement
Demographics for 78521, TX
88,708
Population
29,576
Households
3
Avg Household Size
32
Median Age
15%
College-Educated
62%
High-School Grad
93.7 sq mi
ZIP Area
947
Density / Sq Mi
$41,276
Median Household Income
$24,781
Median Earnings
$864
Median Rent
$90,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Apartment building - 2014 construction with separately metered water and electric service.
Where is this apartment building located?
The property is located at 00 Gregory Ave. Brownsville, TX.
What is the asking price?
The asking price for this property is $1,195,000.
What are key features of this property?
This property features: 8‑unit apartment complex; 7040 square feet, built in 2014; 8 water and electric meters
