New Construction
1061 Oro Cir, Brownsville, TX 78521
For Sale
$384,125
Pending
Both residences offer three bedrooms and two bathrooms in a matching layout.
Property Size2,176 SF
Days on Market49
Property Features for 1061 Oro Cir
General Information
Standard status
Size
Property subtype
Units
Unit Mix
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Buildings
Listing Agency:
Coldwell Banker La Mansion
(956) 631-1322
Listed By:
Hortencia Villarreal · License TX #0603001
(956) 459-0171
Source:
Exprealty
Added: Sep 22
Changed: Nov 3
Last Checked: Nov 8 at 10:41AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built duplex contains two residences, each configured with three bedrooms and two bathrooms. The matching layouts provide a consistent setup across the property.
Located at 1061 Oro Cir in Brownsville, the property is minutes from South Padre Island, Boca Chica Beach, SpaceX, and LNG.
Located at 1061 Oro Cir in Brownsville, the property is minutes from South Padre Island, Boca Chica Beach, SpaceX, and LNG.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- New construction at 1061 Oro Cir, Brownsville
- Minutes from South Padre Island and Boca Chica Beach
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,952
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,040
$359.0K
Cap Rate 7%
$256,457
$256.5K
Cap Rate 9%
$199,467
$199.5K
Market Conditions
NOI Build-Up for 2,176 SF
Gross rent
$27.4K $12.60/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$25.6K $11.79/SF
− OpEx
−$7.7K −$3.54/SF
NOI
$18.0K $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%
$359,040
Cap Rate 7%
$256,457
Cap Rate 9%
$199,467
Alternative Uses
Best Use
Multifamily LT 5
$256.5K
$224.4K – $299.2K
NOI $17,952 @ 7.0% cap · market cap 4.67%
Second Best
Apartment 5plus
$235.2K
$205.8K – $274.4K
NOI $16,464 @ 7.0% cap · market cap 4.29%
Theoretical Best
Healthcare Medical
$374.7K
$327.8K – $437.1K
NOI $26,227 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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
$90,500
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Brownsville, TX
Properties on Market for Duplexes in Brownsville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Both residences offer three bedrooms and two bathrooms in a matching layout.
Where is this duplex located?
The property is located at 1061 Oro Cir Brownsville, TX.
What is the asking price?
The asking price for this property is $384,125.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; New construction at 1061 Oro Cir, Brownsville; Minutes from South Padre Island and Boca Chica Beach
