Two-Unit
For Sale
$449,000
2420 Florencia Ave., Brownsville, TX 78521
Income-producing duplex on a corner lot with separately metered water and electricity for each unit.
Property Size2,546 SF
Price / SF$176.36
Days on Market57
Property Features for 2420 Florencia Ave.
General Information
Standard status
Active
Size
2,546 SF
Property subtype
Multi-Family
Building Details
Year Built
2024
Listing Agency:
Texas Stars Realty Group, LLC
Listed By:
Nicolas Rodriguez · License #0494405
(956) 541-2200
Source:
Accessrealtyrgv
Added: Aug 22
Changed: Oct 13
Last Checked: Oct 7 at 5:24PM
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 Texas Stars Realty Group, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this two-unit duplex offers an income-producing residential configuration on a corner lot. Each unit has its own water meter and electric meter, supporting separate utility tracking between the residences. The property size is listed as 2546.
The property is located near schools, shopping, dining, and the Port of Brownsville. Its Brownsville address is 2420 Florencia Ave., Brownsville, TX 78521.
The property is located near schools, shopping, dining, and the Port of Brownsville. Its Brownsville address is 2420 Florencia Ave., Brownsville, TX 78521.
Key Highlights
- Two‑unit duplex built in 2024
- Each unit has separate water and electric meters
- Located on a corner lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,005
Cap Rate
4.68%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,100
$420.1K
Cap Rate 7%
$300,071
$300.1K
Cap Rate 9%
$233,389
$233.4K
Market Conditions
NOI Build-Up for 2,546 SF
Gross rent
$32.1K $12.60/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$30.0K $11.79/SF
− OpEx
−$9.0K −$3.54/SF
NOI
$21.0K $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 Rate 5%
$420,100
Cap Rate 7%
$300,071
Cap Rate 9%
$233,389
Alternative Uses
Best Use
Multifamily LT 5
$300.1K
$262.6K – $350.1K
NOI $21,005 @ 7.0% cap · market cap 4.68%
Second Best
Apartment 5plus
$275.2K
$240.8K – $321.1K
NOI $19,263 @ 7.0% cap · market cap 4.29%
Theoretical Best
Healthcare Medical
$438.4K
$383.6K – $511.4K
NOI $30,686 @ 7.0% cap · market cap 6.83%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
201
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
Frequently Asked Questions
What type of property is this?
Duplex - Income-producing duplex on a corner lot with separately metered water and electricity for each unit.
Where is this duplex located?
The property is located at 2420 Florencia Ave. Brownsville, TX.
What is the asking price?
The asking price for this property is $449,000.
What are key features of this property?
This property features: Two‑unit duplex built in 2024; Each unit has separate water and electric meters; Located on a corner lot
