121 MELON DR., Los Fresnos, TX 78566
MULTI_FAMILY - LOS FRESNOS, TX
- Added:
- May 4, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 19 at 12:06 am
Property Features for 121 MELON DR.
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 5,760 SF
- Lot size
- 1.38 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central
- Cooling system
- Ductless, Zoned, Central Air
- Water source
- Public
Building Details
- Year built
- 1984
- Floors in Building
- 1
- Number of units
- 8
- Flooring type
- Tile
Listing agent Cesar Cepeda (956) 908-3224
Listing office GRT Realty 7280 N Frontage Rd, Brownsville, TX (956) 254-0869
Listing date May 4, 2026
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Fully occupied 8‑plex providing $6,295 gross monthly income.
- Located in the rapidly growing Los Fresnos market.
- Value‑add opportunity to increase rents or improve operations.
- Includes additional land for potential expansion.
- Features a mix of 2 bed/1 bath and 3 bed/1 bath units.
- Package of four duplexes (8 units) being sold together.
Overview
Local 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 | −$35.7k | −$6.19 |
| NOI | $43.6k | $7.57 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Los Fresnos
- County
- Cameron
- State
- Texas
- Longitude
- -97.4899171
- Latitude
- 26.0628122
