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 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)
- Fencing
- Privacy
- Appliances
- Range, Refrigerator
- Standard status
- Active
- Size
- 1,808 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
- Built in 2022 duplex with 2‑bedroom, 2‑bath units and an open floor plan
- Fully leased duplex—financial details available with NDA during the option period
- Kitchen features quartz countertops, pantry, and includes range and refrigerator
- Large walk‑in closets with built‑ins; master bath included
- Central air and electric heating; spray foam insulation
- Wired for a security system; tile flooring; carport and garage parking; privacy fencing
Overview
The property is located at 609 W Cypress in La Feria, Texas, in a neighborhood described as desirable and only minutes from an expressway. With the units currently occupied, the seller will require drive-by review and offers in hand before scheduling showings, and not all units may be available for viewing prior to inspections during the option period.
For investors or owner-operators seeking an income-producing residential duplex with newer construction, this property provides turnkey, occupied occupancy at the time of sale. Financial information is available with an NDA during the option period, and inspections may take place during that time based on unit availability.
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 | $21.3k | $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
- -97.829496
- Latitude
- 26.1551077
