Remodeled Four-Unit
For Sale
$224,900
340 E Jefferson St., Brownsville, TX 78520
Four residences occupy two separate dwellings and are currently fully leased.
Property Size2,564 SF
Price / SF$87.71
Days on Market52
Property Features for 340 E Jefferson St.
General Information
Standard status
Active
Size
2,564 SF
Property subtype
Multi-Family
Occupancy
100%
Additional Details
Gross Income
$35,400
Multifamily Units
4
Building Details
Year Built
1925
Buildings
2
Listing Agency:
Rio Realty
Listed By:
Dalia Hernandez
(956) 243-3566
Source:
Accessrealtyrgv
Added: Aug 26
Changed: Oct 16
Last Checked: Oct 7 at 5:29PM
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 Rio Realty
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Investment Insights
Based on property information with market context.
Built in 1925, this 2,564-square-foot quadplex includes four residences arranged across two dwellings. The units have been remodeled and are fully leased, providing an established occupancy profile.
The property occupies two lots with front and rear positioning in the historic downtown area of Brownsville. Located at 340 E Jefferson St., the asset offers a compact multifamily configuration with four units and two residential structures.
The property occupies two lots with front and rear positioning in the historic downtown area of Brownsville. Located at 340 E Jefferson St., the asset offers a compact multifamily configuration with four units and two residential structures.
Key Highlights
- Four‑unit quadplex arranged across 2 dwellings
- 2,564 SF property built in 1925
- All units have been remodeled
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,399
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$387,980
$388.0K
Cap Rate 7%
$277,129
$277.1K
Cap Rate 9%
$215,544
$215.5K
Market Conditions
NOI Build-Up for 2,564 SF
Gross rent
$37.8K $14.76/SF
− Vacancy
−$2.6K −$1.00/SF
EGI
$35.3K $13.76/SF
− OpEx
−$15.9K −$6.19/SF
NOI
$19.4K $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%
$387,980
Cap Rate 7%
$277,129
Cap Rate 9%
$215,544
Alternative Uses
Best Use
Multifamily LT 5
$302.2K
$264.4K – $352.6K
NOI $21,154 @ 7.0% cap · market cap 9.41%
Second Best
Apartment 5plus
$277.1K
$242.5K – $323.3K
NOI $19,399 @ 7.0% cap · market cap 8.63%
Theoretical Best
Healthcare Medical
$441.5K
$386.3K – $515.1K
NOI $30,903 @ 7.0% cap · market cap 13.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,563
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
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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 - Four residences occupy two separate dwellings and are currently fully leased.
Where is this quadplex located?
The property is located at 340 E Jefferson St. Brownsville, TX.
What is the asking price?
The asking price for this property is $224,900.
What are key features of this property?
This property features: Four‑unit quadplex arranged across 2 dwellings; 2,564 SF property built in 1925; All units have been remodeled
