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1380 Milpa Verde

BROWNSVILLE, TX 78521
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Bed --

Bed

Bath 0

Bath

SqFt9,750

Sqft

Acres2.50

Acres(Lot)

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 i s 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.

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Detail Ic Property Details

Property Type : Residential Income

Price : $730,000

AD Id : 84938345

MLS Id : 29777200

Lot Size : 2.50 Acres

Living Area Size : 9,750

Year Built : 1970

County : CAMERON

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Feature Features

  • Interior Features

    Appliances: Electric Water Heater

  • Building Information

    Year Built: 1970 Construction Materials: Wood Siding Stories: 1 Private Pool: No

  • Lot Information

    Lot Size Acres: 2.5 Lot Size Square Feet: 108900

    Property Information

    Subdivision: UNSUBDIVIDED Source Property Type: Residential Income Property SubType: Multi Family Property Age: 56

  • Listing Price Information

    Listing Price: $730000

  • Tax Information

    Tax Year: 2025

  • Parking Information

    Parking Total: 30

  • School Information

    Elementary School: GARZA
    Junior High School: BESTEIRO
    Senior High School: LOPEZ
  • Location Information

    Direction: Heading south on the expressway make a left when you arrive at the light. Follow East until you reach Milpa Verde. Make a right onto Milpa Verde the property will be on your right. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
5014 Alexa Dr, Brownsville, TX, 78521 $425,000 -- -- 3,856 3,856 SqFt
1554 Los Alamos St, Brownsville, TX, 78521 $329,000 -- -- 1,201 1,201 SqFt
8812 Houston Rd #A,B,C, Brownsville, TX, 78521 $155,000 -- -- 2,020 2,020 SqFt
200 N Dakota Ave, Brownsville, TX, 78521 $750,000 -- -- 1,772 1,772 SqFt
6219 Tecate Dr, Brownsville, TX, 78521 $225,000 -- -- 1,760 1,760 SqFt
1134 Chilton St, Brownsville, TX, 78521 $350,000 -- -- 2,176 2,176 SqFt
5042 Mckenzie Ln, Brownsville, TX, 78521 $355,000 -- -- 2,112 2,112 SqFt
1803 Turqueza Dr, Brownsville, TX, 78521 $295,000 -- -- 2,340 2,340 SqFt
4651 Palacio Real Drive, Brownsville, TX, 78521 $308,900 -- -- 1,860 1,860 SqFt
4318 Waco Rd, Brownsville, TX, 78521 $330,995 -- -- 2,442 2,442 SqFt

Copyright © 2026 Rio Grande Valley Multiple Listing Service, Inc. All rights reserved.

ByOwner last updated this listing 06/17/2026 @ 12:44

MLS: 29777200 LISTED BY: Cesar Cepeda, GRT Realty 956-254-0869 SOURCE: Rio Grande Valley Multiple Listing Service

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