Four-Unit
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 Market50
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.
Listed By:
Ludy Fisher
(956) 545-8046
Source:
Accessrealtyrgv
Added: Aug 29
Changed: Oct 3
Last Checked: Oct 16 at 11:09AM
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.
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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 / Yr
$30,262
Cap Rate
6.37%
Suggested Prices Based on Cap Rates
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
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 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.
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Property Analytics
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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
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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?
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
