Four-Unit
New
For Sale
$475,000
2619 Florencia Ave., Brownsville, TX 78526
Individually metered residences include private mechanical systems, appliances, ceiling fans, and dedicated parking.
Property Size3,668 SF
Price / SF$129.50
Days on Market4
Property Features for 2619 Florencia Ave.
General Information
Standard status
Active
Size
3,668 SF
Property subtype
Multi-Family
Units
Multifamily Units
4
Parking per Unit
2
Amenities
ceiling fans
privacy fence
Building Details
Year Built
2011
Listing Agency:
All Coastal Stars Realty, Inc.
(956) 545-8046
Listed By:
Ludy Fisher
Source:
Accessrealtyrgv
Added: Aug 29
Last Checked: Aug 30 at 8:26PM
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 All Coastal Stars Realty, Inc.
Investment Insights
Based on property information with market context.
This 3,668-square-foot quadplex was built in 2011 and contains four residential units. Each residence has its own water and electrical meter, water heater, and A/C unit, along with a stove, refrigerator, and ceiling fans. Two parking spaces are assigned to each unit, and the property is enclosed by a privacy fence.
The units are described as being in good condition, with two units featuring brand-new interior and exterior components. Bedrooms are sized to accommodate king-size beds. The property is within walking distance of schools, shopping, and medical facilities, placing everyday services nearby for residents.
The units are described as being in good condition, with two units featuring brand-new interior and exterior components. Bedrooms are sized to accommodate king-size beds. The property is within walking distance of schools, shopping, and medical facilities, placing everyday services nearby for residents.
Key Highlights
- Four‑unit quadplex with 3,668 SF, built in 2011
- Separate water and electrical meters for each unit
- Each residence includes its own water heater and A/C unit
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
$30,262
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
6.37%
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%
$605,240
$605.2K
Cap Rate 7%
$432,314
$432.3K
Cap Rate 9%
$336,244
$336.2K
Market Conditions
NOI Build-Up for 3,668 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
$46.2K $12.60/SF
− Vacancy
−$3.0K −$0.81/SF
EGI
$43.2K $11.79/SF
− OpEx
−$13.0K −$3.54/SF
NOI
$30.3K $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 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%
$605,240
Cap Rate 7%
$432,314
Cap Rate 9%
$336,244
Alternative Uses
Best Use
Multifamily LT 5
$432.3K
$378.3K – $504.4K
NOI $30,262 @ 7.0% cap · market cap 6.37%
Second Best
Apartment 5plus
$396.5K
$346.9K – $462.5K
NOI $27,752 @ 7.0% cap · market cap 5.84%
Theoretical Best
Healthcare Medical
$631.6K
$552.6K – $736.8K
NOI $44,210 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
201
Businesses Nearby
Explore this area
Business Placement
Demographics for 78526, TX
55,164
Population
18,222
Households
3
Avg Household Size
32
Median Age
29%
College-Educated
79%
High-School Grad
47.4 sq mi
ZIP Area
1,164
Density / Sq Mi
$68,143
Median Household Income
$36,451
Median Earnings
$1,080
Median Rent
$158,300
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Individually metered residences include private mechanical systems, appliances, ceiling fans, and dedicated parking.
Where is this quadplex located?
The property is located at 2619 Florencia Ave. Brownsville, TX.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: Four‑unit quadplex with 3,668 SF, built in 2011; Separate water and electrical meters for each unit; Each residence includes its own water heater and A/C unit
