Two-Building Multifamily
311 E 9TH ST., Brownsville, TX 78520
For Sale
New
$260,000
The offering comprises two separate structures with a combined 3,104 square feet.
Property Size3,104 SF
Price / SF$83.76
Days on Market7
Property Features for 311 E 9TH ST.
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Buildings
Listing Agency:
Endure Real Estate, LLC
Listed By:
Ingerid Hernandez · License #661_707
(956) 542-8333
Source:
Ryanandbrian
Added: Nov 3
Last Checked: Nov 8 at 3:13AM
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 Endure Real Estate, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This multifamily property consists of two buildings totaling 3,104 square feet. The separate structures are offered together as one property.
Key Highlights
- Two buildings included in the sale
- 3,104 square feet across both buildings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,485
Cap Rate
9.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$469,700
$469.7K
Cap Rate 7%
$335,500
$335.5K
Cap Rate 9%
$260,944
$260.9K
Market Conditions
NOI Build-Up for 3,104 SF
Gross rent
$45.8K $14.76/SF
− Vacancy
−$3.1K −$1.00/SF
EGI
$42.7K $13.76/SF
− OpEx
−$19.2K −$6.19/SF
NOI
$23.5K $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%
$469,700
Cap Rate 7%
$335,500
Cap Rate 9%
$260,944
Alternative Uses
Best Use
Apartment 5plus
$335.5K
$293.6K – $391.4K
NOI $23,485 @ 7.0% cap · market cap 9.03%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$534.5K
$467.7K – $623.5K
NOI $37,412 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,470
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
$129,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Multifamily properties in Brownsville, TX
Properties on Market for Multifamily properties in Brownsville
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Multifamily property - The offering comprises two separate structures with a combined 3,104 square feet.
Where is this multifamily property located?
The property is located at 311 E 9TH ST. Brownsville, TX.
What is the asking price?
The asking price for this property is $260,000.
What are key features of this property?
This property features: Two buildings included in the sale; 3,104 square feet across both buildings
