Side-by-Side Duplex
605 & 609 W Cypress Avenue La Feria, TX 78559
605 & 609 W Cypress Avenue, La Feria, TX, 78559
Contact for pricing
For Sale
Contact for pricing
Two side-by-side, fully leased 2-bedroom, 2-bath duplexes were built in 2022.
Property Size3,620 SF
Price / SF$172.65
Days on Market132
Property Features for 605 & 609 W Cypress Avenue
General Information
- Standard status
- Active
- Size
- 3,620 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2022
Listing agency
Marcus Phipps Real Estate LLC
(956) 793-2355
Listed by
Marcus Phipps · License #450735
Source
Crexi
Added: Mar 12 Updated: Jul 20 at 11:00PM Checked: Jul 20 at 11:00PM
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 Marcus Phipps Real Estate LLC
Investment Insights
Based on property information with market context.
Built in 2022, this property consists of two must-see 2-bedroom, 2-bath duplexes positioned side by side. Both units feature an open floor plan and modern design. Interior highlights include quartz countertops with a pantry in the kitchen, along with large walk-in closets with built-ins. The property is wired for a security system and has spray foam insulation.
The duplexes are located in La Feria, Texas, and are only minutes from the expressway. As the units are fully occupied, drive-by viewing and offers in-hand are required before scheduling showings during the option period.
These duplexes can be sold individually for $325,000 or together for $625,000, and financials are available with NDA during the option period.
The duplexes are located in La Feria, Texas, and are only minutes from the expressway. As the units are fully occupied, drive-by viewing and offers in-hand are required before scheduling showings during the option period.
These duplexes can be sold individually for $325,000 or together for $625,000, and financials are available with NDA during the option period.
Key Highlights
- Two side‑by‑side, fully leased 2‑bedroom, 2‑bath duplexes built in 2022
- Open floor plan in each duplex with modern design
- Kitchen features quartz countertops, a pantry, and overhanging lamps
Local Financial Insights For Multifamily LT 5
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 | $45.6k | $12.60 |
| − Vacancy | −$2.9k | −$0.81 |
| EGI | $42.7k | $11.79 |
| − OpEx | −$12.8k | −$3.54 |
| NOI | $29.9k | $8.25 |
3,620 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$426.7K
$373.3K – $497.8K
NOI $29,866 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$391.3K
$342.4K – $456.5K
NOI $27,389 @ 7.0% cap · market cap 4.38%
Theoretical Best
Healthcare Medical
$623.3K
$545.4K – $727.2K
NOI $43,631 @ 7.0% cap · market cap 6.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Two side-by-side, fully leased 2-bedroom, 2-bath duplexes were built in 2022.
Where is this duplex located?
The property is located at 605 & 609 W Cypress Avenue La Feria, TX.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Two side‑by‑side, fully leased 2‑bedroom, 2‑bath duplexes built in 2022; Open floor plan in each duplex with modern design; Kitchen features quartz countertops, a pantry, and overhanging lamps
