605 & 609 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 & 609 W CYPRESS
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking features
- Carport, Garage
- Interior features
- Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
- Fencing
- Privacy
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 3,620 SF
- Lot size
- 0.27 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
- 4
- 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
- Built in 2022: two side‑by‑side 2‑bedroom, 2‑bath duplexes (multi‑family)
- Fully leased; units are occupied, with drive‑by looks and offers in‑hand required before scheduling showings
- Open floor plan design with tile flooring; equipped with range and refrigerator
- Heating and cooling include central air and central/electric heating
- Includes carport, garage parking, and privacy fencing
- Public water and public sewer; property is spray‑foam insulated and wired for a security system
Overview
The duplex pair is located at 605 & 609 W Cypress in La Feria, Texas, on a 0.27-acre site. The remarks indicate the property is only minutes from the expressway and is situated within a desirable neighborhood.
Because the duplexes are fully leased, this is positioned for buyers seeking an income-producing residential asset with newer construction. The information provided notes that financials are available with an NDA during the option period, and that buyers should plan on drive-by review and having offers in hand before showings are scheduled, since not all units may be available to view prior to inspections during the option period.
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- La Feria
- County
- Cameron
- State
- Texas
- Longitude
- -97.829496
- Latitude
- 26.1551077
