Two-Unit Duplex with Three-Bedroom
For Sale
$393,050
1016 Oro Cir, Brownsville, TX 78521
Both residences offer a three-bedroom, two-bathroom layout suitable for separate occupancy.
Property Size2,246 SF
Price / SF$175
Days on Market14
Property Features for 1016 Oro Cir
General Information
Standard status
Active
Size
2,246 SF
Property subtype
Residential Income
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$2,116
Building Details
Buildings
1
Listing Agency:
Coldwell Banker La Mansion
(956) 631-1322
Listed By:
Hortencia Villarreal · License #0603001
(956) 459-0171
Source:
Exprealty
Added: Sep 24
Changed: Oct 2
Last Checked: Oct 5 at 8:26PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This newly built duplex contains two residences, each with three bedrooms and two bathrooms. The layouts combine living space and bedroom accommodation in each unit.
The property is in Brownsville, minutes from South Padre Island and Boca Chica Beach. SpaceX and LNG are also nearby employers.
The property is in Brownsville, minutes from South Padre Island and Boca Chica Beach. SpaceX and LNG are also nearby employers.
Key Highlights
- New construction duplex
- 2,246 square feet total
- Two units, each with 3 bedrooms and 2 bathrooms
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.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
93
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 - Both residences offer a three-bedroom, two-bathroom layout suitable for separate occupancy.
Where is this duplex located?
The property is located at 1016 Oro Cir 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: New construction duplex; 2,246 square feet total; Two units, each with 3 bedrooms and 2 bathrooms
