Two-Story 8-Unit Apartment
For Sale
Contact for pricing
604 Villa Maria Boulevard, Brownsville, TX 78520
An income-producing 8-unit, two-story multifamily property with two-bedroom, one-bath units and shared on-site parking.
Property Size4,576 SF
Price / SF$96.15
Days on Market135
Property Features for 604 Villa Maria Boulevard
General Information
Standard status
Active
Size
4,576 SF
Property subtype
Multifamily
Additional Details
Multifamily Units
8
Building Details
Year Built
1925
Stories
2
Listing Agency:
Coldwell Banker La Mansion
Listed By:
Hortencia Camargo
Source:
Crexi
Added: Mar 20
Changed: Jul 22
Last Checked: Jul 24 at 5:15PM
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 Coldwell Banker La Mansion
Investment Insights
Based on property information with market context.
This income-producing multifamily property consists of an eight-unit, two-story apartment complex. Each unit is configured with two bedrooms and one bathroom. The community has shared on-site parking to support tenant use.
The property is located on the high-traffic Villa Maria Blvd corridor in Brownsville, Texas, and provides convenient access to major retail, employment centers, and transportation routes. Additional information on demand drivers and distances to nearby points of interest is provided in the available materials.
Documentation including the T-12, rent roll, and profit & loss statements is available upon request.
The property is located on the high-traffic Villa Maria Blvd corridor in Brownsville, Texas, and provides convenient access to major retail, employment centers, and transportation routes. Additional information on demand drivers and distances to nearby points of interest is provided in the available materials.
Documentation including the T-12, rent roll, and profit & loss statements is available upon request.
Key Highlights
- Income‑producing 8‑unit, two‑story multifamily built in 1925
- All units feature 2 bedrooms and 1 bathroom
- Located on the high‑traffic Villa Maria Blvd corridor
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $67.5k | $14.76 |
| − Vacancy | −$4.6k | −$1.00 |
| EGI | $62.9k | $13.76 |
| − OpEx | −$28.3k | −$6.19 |
| NOI | $34.6k | $7.57 |
4,576 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$494.6K
$432.8K – $577.0K
NOI $34,622 @ 7.0% cap · market cap 7.87%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$787.9K
$689.4K – $919.2K
NOI $55,154 @ 7.0% cap · market cap 12.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
785
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - An income-producing 8-unit, two-story multifamily property with two-bedroom, one-bath units and shared on-site parking.
Where is this apartment building located?
The property is located at 604 Villa Maria Boulevard Brownsville, TX.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: Income‑producing 8‑unit, two‑story multifamily built in 1925; All units feature 2 bedrooms and 1 bathroom; Located on the high‑traffic Villa Maria Blvd corridor
