12-Unit Multifamily
New
For Sale
$640,000
1035 S Central Ave, Brownsville, TX 78521
Twelve-unit multifamily complex featuring mature trees, ample parking, and a metal storage shed on S Central Avenue.
Days on Market6
Property Features for 1035 S Central Ave
General Information
Standard status
Active
Property subtype
Multi-Family
Additional Details
Multifamily Units
12
Amenities
mature trees
metal storage shed
Building Details
Building Size
5,758 SF
Year Built
1981
Listing Agency:
Coldwell Banker Commercial Rio Grande Valley
(956) 631-1322
Listed By:
Hortencia Camargo
Source:
Commercialcafe
Added: Jul 26
Changed: Jul 27
Last Checked: Jul 31 at 3:02AM
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 Commercial Rio Grande Valley
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 For Apartment 5plus
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 | $85.0k | $14.76 |
| − Vacancy | −$5.8k | −$1.00 |
| EGI | $79.2k | $13.76 |
| − OpEx | −$35.6k | −$6.19 |
| NOI | $43.6k | $7.57 |
5,758 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
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
Current Use
Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
293
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?
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 Ave 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
