Two-Unit Duplex with
For Sale
$179,000
2455 Polk, Brownsville, TX 78520
1984 duplex with tiled interiors, individual utility metering, and dedicated covered parking for both residences.
Property Size1,378 SF
Price / SF$129.90
Days on Market88
Property Features for 2455 Polk
General Information
Standard status
Active
Size
1,378 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
1
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1984
Listing Agency:
Zavaleta Realty, LLC
Listed By:
Amanda Gonzalez, Martha M. Gonzalez
Source:
Accessrealtyrgv
Added: Jul 21
Changed: Oct 13
Last Checked: Oct 7 at 3:00PM
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 Zavaleta Realty, LLC
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Investment Insights
Based on property information with market context.
Built in 1984, this duplex contains 1,378 square feet and is configured as two residential units. Each residence offers two bedrooms and one bathroom, with tile flooring throughout. A separate carport serves each unit, while the corner-lot setting adds distinct site positioning.
Water and electric service are individually metered for the two residences, supporting separate utility management. The property is located at 2455 Polk in Brownsville, Texas, within ZIP code 78520.
Water and electric service are individually metered for the two residences, supporting separate utility management. The property is located at 2455 Polk in Brownsville, Texas, within ZIP code 78520.
Key Highlights
- Two‑unit duplex totaling 1,378 square feet
- Each unit includes 2 bedrooms and 1 bathroom
- Tile flooring throughout both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,369
Cap Rate
6.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$227,380
$227.4K
Cap Rate 7%
$162,414
$162.4K
Cap Rate 9%
$126,322
$126.3K
Market Conditions
NOI Build-Up for 1,378 SF
Gross rent
$17.4K $12.60/SF
− Vacancy
−$1.1K −$0.81/SF
EGI
$16.2K $11.79/SF
− OpEx
−$4.9K −$3.54/SF
NOI
$11.4K $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%
$227,380
Cap Rate 7%
$162,414
Cap Rate 9%
$126,322
Alternative Uses
Best Use
Multifamily LT 5
$162.4K
$142.1K – $189.5K
NOI $11,369 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$148.9K
$130.3K – $173.8K
NOI $10,426 @ 7.0% cap · market cap 5.82%
Theoretical Best
Healthcare Medical
$237.3K
$207.6K – $276.8K
NOI $16,609 @ 7.0% cap · market cap 9.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
398
Businesses Nearby
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Business Placement
Demographics for 78520, TX
64,949
Population
22,543
Households
2.9
Avg Household Size
34
Median Age
23%
College-Educated
69%
High-School Grad
39.7 sq mi
ZIP Area
1,636
Density / Sq Mi
$47,331
Median Household Income
$27,529
Median Earnings
$842
Median Rent
$129,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - 1984 duplex with tiled interiors, individual utility metering, and dedicated covered parking for both residences.
Where is this duplex located?
The property is located at 2455 Polk Brownsville, TX.
What is the asking price?
The asking price for this property is $179,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 1,378 square feet; Each unit includes 2 bedrooms and 1 bathroom; Tile flooring throughout both units
