Two-Unit Duplex
New
For Sale
$149,900
2709 Eduardo Ave, Brownsville, TX 78526
Two residential units with separate electric metering and shared water service.
Property Size1,040 SF
Price / SF$144.13
Days on Market4
Property Features for 2709 Eduardo Ave
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1970
Listing Agency:
THE MBTEAM
Listed By:
MONICA BENAVIDES TEAM
(956) 357-4632
Source:
Accessrealtyrgv
Added: Sep 19
Last Checked: Sep 21 at 10:36AM
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
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 = 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
$8,580
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
5.72%
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%
$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
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
$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 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%
$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.
Property Analytics
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Open Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
176
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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Market
Vacancy Rate% for Multifamily in South region
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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
