Remodeled
For Sale
$375,000
357 W Levee St., Brownsville, TX 78520
Each unit provides three bedrooms and two bathrooms within a residential income property.
Property Size4,514 SF
Price / SF$83.07
Days on Market95
Property Features for 357 W Levee St.
General Information
Standard status
Active
Size
4,514 SF
Property subtype
Multi-Family
Units
Unit Mix
3 x 3BR/2BA
Multifamily Units
3
Building Details
Year Built
1985
Listing Agency:
Texas Stars Realty Group, LLC
Listed By:
Nicolas Rodriguez · License #0494405
(956) 541-2200
Source:
Accessrealtyrgv
Added: Jul 13
Changed: Oct 13
Last Checked: Oct 7 at 5:39PM
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 Texas Stars Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 4,514-square-foot triplex in Brownsville, Texas, was built in 1985 and has undergone a recent remodel. Each of the three units includes three bedrooms and two bathrooms, creating a consistent configuration across the property.
Located at 357 W Levee St., the property is offered as a residential income asset. A fourth unit may be possible if the required zoning change is approved.
Located at 357 W Levee St., the property is offered as a residential income asset. A fourth unit may be possible if the required zoning change is approved.
Key Highlights
- Three‑unit multifamily property with three bedrooms and two bathrooms in each unit
- 4,514 square feet of total building area
- Recently remodeled improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,153
Cap Rate
9.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$683,060
$683.1K
Cap Rate 7%
$487,900
$487.9K
Cap Rate 9%
$379,478
$379.5K
Market Conditions
NOI Build-Up for 4,514 SF
Gross rent
$66.6K $14.76/SF
− Vacancy
−$4.5K −$1.00/SF
EGI
$62.1K $13.76/SF
− OpEx
−$27.9K −$6.19/SF
NOI
$34.2K $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%
$683,060
Cap Rate 7%
$487,900
Cap Rate 9%
$379,478
Alternative Uses
Best Use
Multifamily LT 5
$532.0K
$465.5K – $620.7K
NOI $37,242 @ 7.0% cap · market cap 9.93%
Second Best
Apartment 5plus
$487.9K
$426.9K – $569.2K
NOI $34,153 @ 7.0% cap · market cap 9.11%
Theoretical Best
Healthcare Medical
$777.2K
$680.1K – $906.8K
NOI $54,406 @ 7.0% cap · market cap 14.51%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
895
Businesses Nearby
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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?
Triplex - Each unit provides three bedrooms and two bathrooms within a residential income property.
Where is this triplex located?
The property is located at 357 W Levee St. Brownsville, TX.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Three‑unit multifamily property with three bedrooms and two bathrooms in each unit; 4,514 square feet of total building area; Recently remodeled improvements
