2-Unit
For Sale
$393,050
1016 Oro Blanco Ave, Brownsville, TX 78521
Residential Income, Brownsville, TX
Property Size2,246 SF
Lot Size0.17 Acres
Price / SF$175
Days on Market29
Property Features for 1016 Oro Blanco Ave
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Zoning description
Multi-Family
Bedrooms
6
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 6, Bedroom 4, Bathroom 4, Bedroom 1, Bedroom 5, Bedroom 2
Patio and Porch features
Patio
Interior features
Walk-In Closet(s)
Fencing
Fenced
Subdivision
El Naranjal
High school district
BROWNSVILLE ISD
Directions
Go east on Boca Chica Blvd., pass FM 511, turn right at Tamarindo, right at Seminole, then left at Tamarindo.
Standard status
Active
APN
456760
Size
2,246 SF
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2116
Utilities
Heating system
Electric (Heating)
Amenities
tile flooring
walk-in closets
ceiling fans
central electric heating and air conditioning
double-pane windows
patio
privacy wood fence
Building Details
Year built
2026
Floors in Building
1
Building materials
Stucco
Architectural style
Other
Listing Agency:
COLDWELL BANKER LA MANSION RESIDENTIAL REAL ESTATE
(956) 504-2727
Listed By:
Hortencia Villarreal · License #0603001
(956) 541-8300
Added: Sep 15
Changed: Oct 8
Last Checked: Oct 13 at 4:06PM
MLS# 12017547
Copyright © 2026 My State MLS. 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 2,246-square-foot duplex is under construction on a 0.17-acre parcel in Brownsville. It contains two residences, each measuring 1,123 square feet and configured with three bedrooms and two bathrooms. Interior and exterior details include tile flooring, walk-in closets, ceiling fans, double-pane windows, stucco construction, and a patio. Electric heating and air conditioning serve the units, and a wood privacy fence encloses the property.
Separate water and electric meters are provided for each residence. Brownsville offers access to Boca Chica Beach, South Padre Island, SpaceX, and LNG facilities.
Separate water and electric meters are provided for each residence. Brownsville offers access to Boca Chica Beach, South Padre Island, SpaceX, and LNG facilities.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 1,123 square feet per unit; 2,246 square feet total
- Separate water meters and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,530
Cap Rate
4.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,600
$370.6K
Cap Rate 7%
$264,714
$264.7K
Cap Rate 9%
$205,889
$205.9K
Market Conditions
NOI Build-Up for 2,246 SF
Gross rent
$28.3K $12.60/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$26.5K $11.79/SF
− OpEx
−$7.9K −$3.54/SF
NOI
$18.5K $8.25/SF
Area
Brownsville, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$370,600
Cap Rate 7%
$264,714
Cap Rate 9%
$205,889
Alternative Uses
Best Use
Multifamily LT 5
$264.7K
$231.6K – $308.8K
NOI $18,530 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$242.8K
$212.4K – $283.2K
NOI $16,993 @ 7.0% cap · market cap 4.32%
Theoretical Best
Healthcare Medical
$386.7K
$338.4K – $451.2K
NOI $27,071 @ 7.0% cap · market cap 6.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
203
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and separate electric and water meters.
Where is this duplex located?
The property is located at 1016 Oro Blanco Ave Brownsville, TX.
What is the asking price?
The asking price for this property is $393,050.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 1,123 square feet per unit; 2,246 square feet total; Separate water meters and electric meters for each unit
