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    Residential Income Property with Long-Term Tenants Title is generated by Realmo AI

    1231 E EXPRESSWAY 77/83, San Benito, TX 78586

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    Claim this Listing
    New
    For Sale
    $199,999

    COMMERCIAL - SAN BENITO, TX

    Property size:
    2,014 SF
    Lot size:
    0.34 Acres
    Price / SF:
    $99/SF
    Added:
    Jul 5, 2026
    Days on Market:
    4
    Last Refresh:
    Jul 8 at 8:06 am

    Property Features for 1231 E EXPRESSWAY 77/83

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,014 SF
    Lot size
    0.34 Acres

    Building Details

    Year built
    1993
    Floors in Building
    1

    We can help!

    Contact an agent
    LESLIE DE LA GARZA

    Listing agent LESLIE DE LA GARZA

    Listing office KELLER WILLIAMS LRGV 1313 E Washington Ave, Harlingen, TX

    Listing date Jul 5, 2026

    MLS# 29777730

    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

    • Built in 1993
    • Currently generating $1,700 per month with long‑term tenants in place

    Overview

    This residential income property is a single-family home with approximately 2,014 square feet of living space on a 0.344-acre lot. The property is currently occupied by long-term tenants and is generating $1,700 per month, offering an income-producing setup for an owner-occupant or an investor seeking in-place tenancy.

    Located at 1231 E Expressway 77/83 in San Benito, Texas 78586 (Cameron County), the home’s site provides a straightforward acquisition for buyers based in the surrounding area or relocating to the Rio Grande Valley. The offering is presented for sale.

    For buyers, the primary consideration is the current leased status and the existing rental income with long-term tenants in place. Owner-occupants may also find practical value in the home’s size and lot configuration while benefiting from the current occupancy. Investors may appreciate the continuity of tenancy reflected in the stated monthly income. Please contact the listing agent to schedule an appointment and review the property details and tenant information.

    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 $29.7k $14.76
    − Vacancy −$2.0k −$1.00
    EGI $27.7k $13.76
    − OpEx −$12.5k −$6.19
    NOI $15.2k $7.57
    2,014 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $217.7K
    $190.5K – $254.0K (±1% cap)
    NOI $15,238 @ 7.0% cap · market cap 7.62%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $346.8K
    $303.4K – $404.6K (±1% cap)
    NOI $24,274 @ 7.0% cap · market cap 12.14%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Single family properties

    Map

    City
    San Benito
    County
    Cameron
    State
    Texas
    Longitude
    -97.655566
    Latitude
    26.1402655

    FAQs

    What type of property is this?
    Single family property - Single-family residential income property generating $1,700 per month with long-term tenants in place.
    Where is this single family property located?
    The property is located at 1231 E EXPRESSWAY 77/83 San Benito, TX.
    What is the asking price?
    The asking price for this property is $199,999.
    What are key features of this property?
    This property features: Built in 1993; Currently generating $1,700 per month with long‑term tenants in place
    More about this property
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