Townhome Apartment
For Sale
$7,999,999
3055 EL PASO RD, Brownsville, TX 78520
Residential Income, BROWNSVILLE, TX
Property Size38,800 SF
Lot Size11.31 Acres
Price / SF$206.19
Days on Market623
Property Features for 3055 EL PASO RD
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Cable TV, Smoke Alarm(s)
Appliances
Range, Refrigerator
Subdivision
JAIME SALAZAR
Lot features
Landscaped, Sidewalks, Sprinklers In Front, Sprinklers In Rear
Elementary school
GARDEN PARK
Middle school
STELL
High school
PACE
Elementary school district
BROWNSVILLE I.S.D.
Middle school district
BROWNSVILLE I.S.D.
High school district
BROWNSVILLE I.S.D.
Standard status
Active
Size
38,800 SF
Lot size
11.31 Acres
Utilities
Sewer type
Public Sewer
Heating system
Electric (Heating), Central
Cooling system
Central Air, Electric
Water source
Public
Amenities
walking and bike trail
Building Details
Year built
2019
Floors in Building
1
Number of units
30
Flooring type
Tile
Listing Agency:
Excel Realty
(956) 280-3089
Listed By:
Manuel Salazar
(956) 561-4363
Added: Feb 5, 2025
Changed: Sep 16
Last Checked: Oct 21 at 12:06PM
MLS# 29762691
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This apartment property includes townhome units within a 38,800-square-foot improvement on 11.31 acres. The existing units are currently occupied and separately metered for water and electricity. Interior features include tile flooring, smoke alarms, cable TV, ranges, and refrigerators, with central electric heating and cooling. The property was built in 2019 and is served by public water and public sewer.
Located in Brownsville near Oliveira Park and Pace High School, the property also provides access to a walking and bike trail. A site plan is in place for 136 total units, adding a defined expansion framework to the existing residential layout.
Located in Brownsville near Oliveira Park and Pace High School, the property also provides access to a walking and bike trail. A site plan is in place for 136 total units, adding a defined expansion framework to the existing residential layout.
Key Highlights
- 11.31‑acre apartment property in Brownsville
- 38,800 square feet of property area
- Site plan for 136 total units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,560
Cap Rate
3.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,871,200
$5.9M
Cap Rate 7%
$4,193,714
$4.2M
Cap Rate 9%
$3,261,778
$3.3M
Market Conditions
NOI Build-Up for 38,800 SF
Gross rent
$572.7K $14.76/SF
− Vacancy
−$38.9K −$1.00/SF
EGI
$533.7K $13.76/SF
− OpEx
−$240.2K −$6.19/SF
NOI
$293.6K $7.57/SF
Area
Brownsville, TX
Vacancy
6.80%
Lease Rate
$14.76 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,871,200
Cap Rate 7%
$4,193,714
Cap Rate 9%
$3,261,778
Alternative Uses
Best Use
Apartment 5plus
$4.19M
$3.67M – $4.89M
NOI $293,560 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$6.68M
$5.85M – $7.79M
NOI $467,649 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
100%
Occupancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
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
Check the figures for this property
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?
Apartment building - Occupied townhome units with individual water and electric meters, plus a site plan for 136 total units.
Where is this apartment building located?
The property is located at 3055 EL PASO RD Brownsville, TX.
What is the asking price?
The asking price for this property is $7,999,999.
What are key features of this property?
This property features: 11.31‑acre apartment property in Brownsville; 38,800 square feet of property area; Site plan for 136 total units
