Six-Unit Apartment
For Sale
$495,000
118 Brazil Avenue, Hidalgo, TX 78557
Two-story property with updated units, individual utility metering, and included appliances.
Property Size5,600 SF
Days on Market23
Property Features for 118 Brazil Avenue
General Information
Standard status
Active
Size
5,600 SF
Property subtype
Multi Family Home
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Units
Unit Mix
6 x 2BR/1BA
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$9,538
Building Details
Building Size
5,600 SF
Year Built
2007
Buildings
1
Stories
2
Units
6
Listing Agency:
Abolengo Properties LLC
(956) 328-6967
Listed By:
Leslie J. De Leon
(956) 328-6967
Source:
Buyingandsellingmcallen
Added: Aug 9
Changed: Aug 30
Last Checked: Aug 30 at 6:18PM
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 Abolengo Properties LLC
Investment Insights
Based on property information with market context.
Built in 2007, this two-story apartment property contains six two-bedroom, one-bath residences. The units include tile flooring, washer and dryer connections, and appliances. Several apartments have received updates, and multiple HVAC systems have been replaced. Each residence is separately metered for electric and water, with city sewer and public water service.
The property is located at 118 Brazil Avenue in Hidalgo, within an established residential setting that includes sidewalks and a paved street. It is near International Boulevard, the expressway, shopping, dining, and the McAllen/Hidalgo International Bridge. Current rents vary among the units, providing an existing operating history for review.
The property is located at 118 Brazil Avenue in Hidalgo, within an established residential setting that includes sidewalks and a paved street. It is near International Boulevard, the expressway, shopping, dining, and the McAllen/Hidalgo International Bridge. Current rents vary among the units, providing an existing operating history for review.
Key Highlights
- Six two‑bedroom, one‑bath apartment units
- Built in 2007 with two‑story construction
- Six electric meters and six water meters
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
$45,088
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
9.11%
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%
$901,760
$901.8K
Cap Rate 7%
$644,114
$644.1K
Cap Rate 9%
$500,978
$501.0K
Market Conditions
NOI Build-Up for 5,600 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
$92.7K $16.56/SF
− Vacancy
−$10.8K −$1.92/SF
EGI
$82.0K $14.64/SF
− OpEx
−$36.9K −$6.59/SF
NOI
$45.1K $8.05/SF
Area
Hidalgo County, TX
Vacancy
11.60%
Lease Rate
$16.56 /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%
$901,760
Cap Rate 7%
$644,114
Cap Rate 9%
$500,978
Alternative Uses
Best Use
Apartment 5plus
$644.1K
$563.6K – $751.5K
NOI $45,088 @ 7.0% cap · market cap 9.11%
Second Best
—
—
no second resolved use
Theoretical Best
Hotel Hospitality
$4.22M
$3.69M – $4.92M
NOI $295,260 @ 7.0% cap · market cap 59.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
498
Businesses Nearby
Explore this area
Business Placement
Demographics for 78557, TX
13,986
Population
4,141
Households
3.4
Avg Household Size
30
Median Age
23%
College-Educated
70%
High-School Grad
16.6 sq mi
ZIP Area
843
Density / Sq Mi
$53,667
Median Household Income
$32,109
Median Earnings
$849
Median Rent
$156,400
Median Home Value
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 - Two-story property with updated units, individual utility metering, and included appliances.
Where is this apartment building located?
The property is located at 118 Brazil Avenue Hidalgo, TX.
What is the asking price?
The asking price for this property is $495,000.
What are key features of this property?
This property features: Six two‑bedroom, one‑bath apartment units; Built in 2007 with two‑story construction; Six electric meters and six water meters
