Exceptional value-add investment opportunity featuring a 17-unit multifamily property situated on approximately 2.5 acres, offering both immediate income potential and long-term upside. Several occupied units are currently rented below market rent, providing investors with the opportunity to increase cash flow through strategic rent adjustments as leases turn over. The property also includes 6 vacant units, creating an excellent opportunity for renovations to further enhance returns. With its expansive 2.5-acre site, there may be additional potential for future expansion or redevelopment, subject to buyer due diligence and any applicable local regulations. Whether you’re looking to grow your portfolio, reposition an underperforming asset, or capitalize on the property’s excess land, this is a rare chance to acquire a multifamily investment with multiple avenues for value creation. Don’t miss the opportunity to unlock the full potential of this unique income-producing property.
Listing Provided Courtesy of GRT Realty at 9562540869
Property Details
Price:
$730,000
MLS #:
29777200
Status:
Active
Baths:
0
Type:
Multi Family
Listed Date:
Jun 16, 2026
Finished Sq Ft:
9,750
Lot Size:
108,900 sqft / 2.50 acres (approx)
Year Built:
1970
See this Listing
Schools
School District:
BROWNSVILLE I.S.D.
Elementary School:
GARZA
Middle School:
BESTEIRO
High School:
LOPEZ
Interior
Heating System
Other
Exterior
# Prkng Spcs
30.00
# Stories
One
Energy Features
None
Financial
Map
Community
- Address1380 MILPA VERDE BROWNSVILLE TX
- CityBROWNSVILLE
- CountyCAMERON
- Zip Code78521
Market Summary
Current real estate data for Multi Family in BROWNSVILLE as of Jun 18, 2026
62
Multi Family Listed
169
Avg DOM
145
Avg $ / SqFt
$686,269
Avg List Price
Property Summary
- 1380 MILPA VERDE BROWNSVILLE TX is a Multi Family for sale in BROWNSVILLE, TX, 78521. It is listed for $730,000 To schedule a showing of MLS#29777200 at 1380 MILPA VERDE in BROWNSVILLE, TX, contact your Lolly Burns Real Estate agent at 956-423-0400.
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