Apartment Property with Expansion
For Sale
$895,000
5994 SOUTHMOST RD., Brownsville, TX 78523
Residential Income, BROWNSVILLE, TX
Property Size6,600 SF
Lot Size1.50 Acres
Price / SF$135.61
Days on Market140
Property Features for 5994 SOUTHMOST RD.
General Information
Property type
Residential Multi Family
Property subtype
Apartment
Interior features
Ceiling Fan(s), Walk-in Closet(s)
Fencing
Privacy, Chain Link
Appliances
Range, Refrigerator
Subdivision
ESPERANZA PLACE
Elementary school
AIKEN
Middle school
BESTEIRO
High school
LOPEZ
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
6,600 SF
Lot size
1.50 Acres
Utilities
Sewer type
Public Sewer
Heating system
Zoned
Cooling system
Window Unit(s), Wall/Window Unit(s), Ductless, Zoned
Water source
Public
Building Details
Year built
1983
Floors in Building
1
Number of units
11
Flooring type
Tile
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Mario Baez · License #616428
(956) 827-0170
Added: May 28
Changed: Sep 14
Last Checked: Oct 14 at 5:06AM
MLS# 29776765
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.
Investment Insights
Based on property information with market context.
This apartment property at 5994 Southmost Rd. in Brownsville includes 6,600 square feet of improvements on approximately 1.50 acres of additional land. Built in 1983, the complex features sturdy block construction, tile flooring, ceiling fans, walk-in closets, ranges, and refrigerators. Several units have been updated, including roof and air-conditioning improvements. A single-family home is also located within the complex, providing an additional residential component.
The property is served by public water and public sewer and includes privacy and chain-link fencing. Heating and cooling systems include zoned equipment, wall and window units, and ductless systems. Its Southmost setting places the complex near retail, restaurants, parks, community facilities, a library, and public and charter schools. The additional acreage provides space for potential expansion with further apartment buildings, a laundry facility, or other income-producing amenities, as described for the property.
The property is served by public water and public sewer and includes privacy and chain-link fencing. Heating and cooling systems include zoned equipment, wall and window units, and ductless systems. Its Southmost setting places the complex near retail, restaurants, parks, community facilities, a library, and public and charter schools. The additional acreage provides space for potential expansion with further apartment buildings, a laundry facility, or other income-producing amenities, as described for the property.
Key Highlights
- 6,600 square feet of improvements on approximately 1.50 acres of additional land
- Apartment complex includes a single‑family home
- Several units updated, including roof and A/C improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$49,935
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$998,700
$998.7K
Cap Rate 7%
$713,357
$713.4K
Cap Rate 9%
$554,833
$554.8K
Market Conditions
NOI Build-Up for 6,600 SF
Gross rent
$97.4K $14.76/SF
− Vacancy
−$6.6K −$1.00/SF
EGI
$90.8K $13.76/SF
− OpEx
−$40.9K −$6.19/SF
NOI
$49.9K $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%
$998,700
Cap Rate 7%
$713,357
Cap Rate 9%
$554,833
Alternative Uses
Best Use
Apartment 5plus
$713.4K
$624.2K – $832.3K
NOI $49,935 @ 7.0% cap · market cap 5.58%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.14M
$994.4K – $1.33M
NOI $79,548 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
120
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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?
Apartment building - Apartment property with block construction, updated units, and an onsite single-family home.
Where is this apartment building located?
The property is located at 5994 SOUTHMOST RD. Brownsville, TX.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: 6,600 square feet of improvements on approximately 1.50 acres of additional land; Apartment complex includes a single‑family home; Several units updated, including roof and A/C improvements
