New Construction
New
For Sale
$440,000
1673 STRAWBERRY CIR, Brownsville, TX 78526
Residential Income, BROWNSVILLE, TX
Property Size2,570 SF
Lot Size0.19 Acres
Price / SF$171.21
Days on Market5
Property Features for 1673 STRAWBERRY CIR
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Parking features
Garage
Patio and Porch features
Patio
Interior features
Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
Exterior features
Patio
Fencing
Privacy
Subdivision
VILLAS AT 511 PHASE 1
Elementary school
VERMILLION
Middle school
PERKINS
High school
RIVERA
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
2,570 SF
Lot size
0.19 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
private fenced backyards
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Tile
Listing Agency:
Global Home Finders Realty
(956) 626-1280
Listed By:
Frank Escobedo
(956) 561-4718
Added: Sep 19
Changed: Sep 22
Last Checked: Sep 23 at 1:06AM
MLS# 29779689
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 under-construction duplex in Brownsville is planned as a 2,570-square-foot residential income property on 0.19 acres. The two residences are designed with three bedrooms, two bathrooms, open-concept living areas, tile flooring, quartz countertops, LED lighting, foam insulation, and private fenced backyards. Each side also includes a one-car garage, patio, ceiling fans, smoke alarms, and walk-in closets.
The property is served by public water and public sewer, with central electric heating and cooling. Its location provides access to the Port of Brownsville, LNG facilities, SpaceX, shopping, dining, and major roadways. Construction is scheduled for 2026, and interior finishes may vary from reference images.
The property is served by public water and public sewer, with central electric heating and cooling. Its location provides access to the Port of Brownsville, LNG facilities, SpaceX, shopping, dining, and major roadways. Construction is scheduled for 2026, and interior finishes may vary from reference images.
Key Highlights
- 2,570‑square‑foot duplex on 0.19 acres
- Two units, each with 3 bedrooms and 2 bathrooms
- Each residence includes a 1‑car garage and private fenced backyard
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
$21,203
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
4.82%
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%
$424,060
$424.1K
Cap Rate 7%
$302,900
$302.9K
Cap Rate 9%
$235,589
$235.6K
Market Conditions
NOI Build-Up for 2,570 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
$32.4K $12.60/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$30.3K $11.79/SF
− OpEx
−$9.1K −$3.54/SF
NOI
$21.2K $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%
$424,060
Cap Rate 7%
$302,900
Cap Rate 9%
$235,589
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.0K – $353.4K
NOI $21,203 @ 7.0% cap · market cap 4.82%
Second Best
Apartment 5plus
$277.8K
$243.1K – $324.1K
NOI $19,445 @ 7.0% cap · market cap 4.42%
Theoretical Best
Healthcare Medical
$442.5K
$387.2K – $516.3K
NOI $30,976 @ 7.0% cap · market cap 7.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
67
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?
Duplex - Two attached residences offer open layouts, private fenced yards, and separate one-car garages.
Where is this duplex located?
The property is located at 1673 STRAWBERRY CIR Brownsville, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,570‑square‑foot duplex on 0.19 acres; Two units, each with 3 bedrooms and 2 bathrooms; Each residence includes a 1‑car garage and private fenced backyard
