12-Unit Multifamily
For Sale
Contact for pricing
1035 S Central Avenue, Brownsville, TX 78521
Twelve-unit multifamily complex featuring mature trees, ample parking, and a metal storage shed on S Central Avenue.
Property Size5,758 SF
Price / SF$111.15
Days on Market182
Property Features for 1035 S Central Avenue
General Information
Standard status
Active
Size
5,758 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
12
Amenities
mature trees
metal storage shed
Building Details
Year Built
1980
Buildings
4
Units
12
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Hortencia Camargo
(956) 631-1322
Source:
Crexi
Added: Mar 19
Changed: Sep 15
Last Checked: Sep 15 at 5:58AM
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 12-unit multifamily investment consists of four 2-bedroom, 1-bath units and eight 1-bedroom, 1-bath units, offering an in-place, balanced unit mix. The property includes mature trees, ample parking, and a metal storage shed suitable for maintenance or service use. T-12, rent roll, and profit & loss statements are available upon request.
Located at 1035 S Central Ave in Brownsville, TX, the complex provides access to major employment, retail, and transportation corridors. It is also described as being near Downtown Brownsville, UT Brownsville, Gladys Porter Zoo, and Valley Baptist Medical Center, with proximity to the airport, SpaceX, South Padre Island, and the International Border.
The unit configuration and on-site improvements support everyday resident operations, with parking and storage in place to help serve tenants and property maintenance needs.
Located at 1035 S Central Ave in Brownsville, TX, the complex provides access to major employment, retail, and transportation corridors. It is also described as being near Downtown Brownsville, UT Brownsville, Gladys Porter Zoo, and Valley Baptist Medical Center, with proximity to the airport, SpaceX, South Padre Island, and the International Border.
The unit configuration and on-site improvements support everyday resident operations, with parking and storage in place to help serve tenants and property maintenance needs.
Key Highlights
- 12‑door multifamily complex on S Central Avenue with income‑producing in‑place cash flow
- Built in 1981 and includes 12 total units: 4 two‑bedroom 1‑bath and 8 one‑bedroom 1‑bath
- Mature trees on the site, plus ample parking for residents and guests
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$43,565
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,300
$871.3K
Cap Rate 7%
$622,357
$622.4K
Cap Rate 9%
$484,056
$484.1K
Market Conditions
NOI Build-Up for 5,758 SF
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.
Gross rent
$85.0K $14.76/SF
− Vacancy
−$5.8K −$1.00/SF
EGI
$79.2K $13.76/SF
− OpEx
−$35.6K −$6.19/SF
NOI
$43.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$871,300
Cap Rate 7%
$622,357
Cap Rate 9%
$484,056
Alternative Uses
Best Use
Apartment 5plus
$622.4K
$544.6K – $726.1K
NOI $43,565 @ 7.0% cap · market cap 6.81%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$991.4K
$867.5K – $1.16M
NOI $69,400 @ 7.0% cap · market cap 10.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
281
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Twelve-unit multifamily complex featuring mature trees, ample parking, and a metal storage shed on S Central Avenue.
Where is this apartment building located?
The property is located at 1035 S Central Avenue Brownsville, TX.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: 12‑door multifamily complex on S Central Avenue with income‑producing in‑place cash flow; Built in 1981 and includes 12 total units: 4 two‑bedroom 1‑bath and 8 one‑bedroom 1‑bath; Mature trees on the site, plus ample parking for residents and guests
