Two-Unit Duplex
2709 Eduardo Ave, Brownsville, TX 78526
For Sale
$149,900
Two residential units with separate electric metering and shared water service.
Property Size1,040 SF
Price / SF$144.13
Days on Market52
Property Features for 2709 Eduardo Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Year Built
Listing Agency:
THE MBTEAM
Listed By:
MONICA BENAVIDES TEAM
(956) 357-4632
Source:
Accessrealtyrgv
Added: Sep 19
Changed: Oct 25
Last Checked: Oct 7 at 2:43PM
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 THE MBTEAM
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Investment Insights
Based on property information with market context.
This duplex at 2709 Eduardo Ave in Brownsville, Texas, contains two residential units, each configured with two bedrooms and one bathroom. The property totals 1,040 square feet and was built in 1970.
Utility service includes two electric meters and one shared water meter. The two-unit configuration provides a straightforward residential income property format, with separately metered electricity and shared water service documented for the building.
Utility service includes two electric meters and one shared water meter. The two-unit configuration provides a straightforward residential income property format, with separately metered electricity and shared water service documented for the building.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,040‑square‑foot duplex built in 1970
- 2 electric meters and 1 shared water meter
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,580
Cap Rate
5.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$171,600
$171.6K
Cap Rate 7%
$122,571
$122.6K
Cap Rate 9%
$95,333
$95.3K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$13.1K $12.60/SF
− Vacancy
−$847 −$0.81/SF
EGI
$12.3K $11.79/SF
− OpEx
−$3.7K −$3.54/SF
NOI
$8.6K $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%
$171,600
Cap Rate 7%
$122,571
Cap Rate 9%
$95,333
Alternative Uses
Best Use
Multifamily LT 5
$122.6K
$107.3K – $143.0K
NOI $8,580 @ 7.0% cap · market cap 5.72%
Second Best
Apartment 5plus
$112.4K
$98.4K – $131.2K
NOI $7,869 @ 7.0% cap · market cap 5.25%
Theoretical Best
Healthcare Medical
$179.1K
$156.7K – $208.9K
NOI $12,535 @ 7.0% cap · market cap 8.36%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
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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
$158,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Brownsville, TX
Properties on Market for Duplexes in Brownsville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two residential units with separate electric metering and shared water service.
Where is this duplex located?
The property is located at 2709 Eduardo Ave Brownsville, TX.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,040‑square‑foot duplex built in 1970; 2 electric meters and 1 shared water meter
