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 Market227
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) 212-6840
Source:
Crexi
Added: Mar 19
Changed: Oct 25
Last Checked: Oct 30 at 10:45AM
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
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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 / Yr
$43,565
Cap Rate
6.81%
Suggested Prices Based on Cap Rates
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
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 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.
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Lease Details
12
Residential units
Location Intelligence
Trade Area within ½ mile
281
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in South region
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
