Multifamily
For Sale
$420,000
562 Avenida Del Sol, Brownsville, TX 78526
The property offers a residential income asset near major Brownsville employment, education, and service destinations.
Property Size2,200 SF
Price / SF$190.91
Days on Market13
Property Features for 562 Avenida Del Sol
General Information
Standard status
Active
Size
2,200 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$726
Listing Agency:
RE/MAX Elite
(956) 433-5648
Listed By:
Vanessa Alaniz · License #772079
(512) 573-2010
Source:
Exprealty
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 12 at 10:07PM
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 RE/MAX Elite
Investment Insights
Based on property information with market context.
This 2,200-square-foot multifamily property is located in Brownsville, Texas. The surrounding area includes UTRGV, SpaceX, LNG, Amazon, downtown Brownsville, hospitals, shopping centers, and major highways, all described as a short drive away.
Key Highlights
- 2,200‑square‑foot multifamily property
- Near UTRGV, SpaceX, LNG, Amazon, downtown Brownsville, hospitals, shopping centers, and major highways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,151
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$363,020
$363.0K
Cap Rate 7%
$259,300
$259.3K
Cap Rate 9%
$201,678
$201.7K
Market Conditions
NOI Build-Up for 2,200 SF
Gross rent
$27.7K $12.60/SF
− Vacancy
−$1.8K −$0.81/SF
EGI
$25.9K $11.79/SF
− OpEx
−$7.8K −$3.54/SF
NOI
$18.2K $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 Rate 5%
$363,020
Cap Rate 7%
$259,300
Cap Rate 9%
$201,678
Alternative Uses
Best Use
Multifamily LT 5
$259.3K
$226.9K – $302.5K
NOI $18,151 @ 7.0% cap · market cap 4.32%
Second Best
Apartment 5plus
$237.8K
$208.1K – $277.4K
NOI $16,645 @ 7.0% cap · market cap 3.96%
Theoretical Best
Healthcare Medical
$378.8K
$331.5K – $441.9K
NOI $26,516 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
791
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
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
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Frequently Asked Questions
What type of property is this?
Multifamily property - The property offers a residential income asset near major Brownsville employment, education, and service destinations.
Where is this multifamily property located?
The property is located at 562 Avenida Del Sol Brownsville, TX.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: 2,200‑square‑foot multifamily property; Near UTRGV, SpaceX, LNG, Amazon, downtown Brownsville, hospitals, shopping centers, and major highways
