Multifamily Property with Vacant
For Sale
$699,000
1380 MILPA VERDE, Brownsville, TX 78521
MULTI_FAMILY - BROWNSVILLE, TX
Property Size9,750 SF
Lot Size2.50 Acres
Price / SF$71.69
Days on Market47
Property Features for 1380 MILPA VERDE
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Subdivision
UNSUBDIVIDED
Elementary school
GARZA
Middle school
BESTEIRO
High school
LOPEZ
Elementary school district
BROWNSVILLE I.S.D.
Middle school district
BROWNSVILLE I.S.D.
High school district
BROWNSVILLE I.S.D.
Standard status
Active
Size
9,750 SF
Lot size
2.50 Acres
Utilities
Sewer type
Septic Tank
Cooling system
Ductless, Zoned
Water source
Public
Building Details
Year built
1970
Floors in Building
1
Number of units
17
Flooring type
Vinyl
Listing Agency:
GRT Realty
(956) 254-0869
Listed By:
Cesar Cepeda
(956) 908-3224
Added: Jun 15
Changed: Jul 29
Last Checked: Jul 31 at 4:06AM
MLS# 29777200
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.
Investment Insights
Based on property information with market context.
This 17-unit multifamily property is positioned on approximately 2.5 acres and includes a mix of occupied and vacant units. According to the listing remarks, several of the occupied units are currently rented below market rent, and there are six vacant units available. The property totals approximately 9,750 square feet.
Located in Brownsville, Texas (Cameron County), the site offers meaningful outdoor area on a larger parcel, which can support a range of operational and planning considerations subject to buyer due diligence and applicable local regulations.
For investors and operators, the current unit mix may support a value-oriented strategy focused on lease-up and re-leasing of the vacant apartments, along with rent repositioning opportunities noted for units currently rented below market. The property’s combination of existing income and vacant units can appeal to buyers seeking an asset with immediate operational levers and room to plan for longer-term improvements, depending on underwriting and redevelopment feasibility.
Located in Brownsville, Texas (Cameron County), the site offers meaningful outdoor area on a larger parcel, which can support a range of operational and planning considerations subject to buyer due diligence and applicable local regulations.
For investors and operators, the current unit mix may support a value-oriented strategy focused on lease-up and re-leasing of the vacant apartments, along with rent repositioning opportunities noted for units currently rented below market. The property’s combination of existing income and vacant units can appeal to buyers seeking an asset with immediate operational levers and room to plan for longer-term improvements, depending on underwriting and redevelopment feasibility.
Key Highlights
- 17‑unit multifamily property on approximately 2.5 acres
- Includes 6 vacant units for renovation and rent‑up potential
- Some occupied units are currently rented below market rent
Property Analytics
Property Profile
Current Use
Lease Details
17
Residential units
Location Intelligence
Trade Area within ½ mile
26
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
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - A 17-unit multifamily property on 2.5 acres with six vacant units and multiple occupied homes.
Where is this apartment building located?
The property is located at 1380 MILPA VERDE Brownsville, TX.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: 17‑unit multifamily property on approximately 2.5 acres; Includes 6 vacant units for renovation and rent‑up potential; Some occupied units are currently rented below market rent
