605 W CYPRESS, La Feria, TX 78559
MULTI_FAMILY - LA FERIA, TX
- Added:
- Mar 11, 2026
- Days on Market:
- 111
- Last Refresh:
- Jun 29 at 12:06 am
Property Features for 605 W CYPRESS
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Garage, Carport
- Interior features
- Ceiling Fan(s), Smoke Alarm(s)
- Fencing
- Privacy
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 1,812 SF
- Lot size
- 0.14 Acres
Utilities
- Sewer type
- Public Sewer
- Heating system
- Electric (Heating), Central
- Cooling system
- Central Air, Electric
- Water source
- Public
Building Details
- Year built
- 2022
- Floors in Building
- 1
- Number of units
- 2
- Flooring type
- Tile
Listing agent MARCUS PHIPPS License #0450735 (956) 793-2355
Listing office MARCUS PHIPPS REAL ESTATE, LLC 1617 E Tyler Suite H, HARLINGEN, TX (956) 423-5300
Listing date Mar 11, 2026
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.
HighLights
- Duplex built in 2022 with two 2‑bedroom, 2‑bath units and an open floor plan
- Fully leased duplex—financials available with NDA during the option period
- Kitchen features quartz countertops, pantry, and includes range and refrigerator
- Central air with electric heating; spray foam insulation; already wired for a security system
- Large walk‑in closets with built‑ins, plus tile flooring and ceiling fans; smoke alarms included
- Parking includes garage and carport, with privacy fencing and public water with public sewer
Overview
The property is located in La Feria, Texas, with proximity to the expressway, making access convenient for residents and future leasing. Lot size is listed as 0.135 acres and the total property size is 1,812 square feet.
Because the units are occupied, the seller requires drive-by viewing and offers in hand prior to scheduling showings. Not all units may be available to see prior to inspections, which may occur during the option period. The property is already wired for a security system and insulated with spray foam insulation, both of which may support day-to-day resident comfort and maintenance planning for an ownership transition.
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 | $22.8k | $12.60 |
| − Vacancy | −$1.5k | −$0.81 |
| EGI | $21.4k | $11.79 |
| − OpEx | −$6.4k | −$3.54 |
| NOI | $14.9k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- La Feria
- County
- Cameron
- State
- Texas
- Longitude
- -97.829395
- Latitude
- 26.1551629
