1 / 220-Unit Multifamily in Olmito, TX
Cameron County, TX · listed Aug 7, 2026 (82 days)
- $/unit
- $112,500
- ▲ 22% vs TX · 63rd pct
- Cap rate
- —
- Gross yield
- —
- Units
- 20
- 5 bldg · 2015
Financials
- Asking price
- $2,250,000
- Price per unit
- $112,500
- Price per sq ft
- $115
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 20
- Unit mix
- Not stated
- Buildings
- 5
- Year built
- 2015
- Building size
- 19,560 sq ft
- Avg unit size
- 978 sq ft
- Lot size
- 37500 acres
- Condition
- Value-add
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Aug 7, 2026
- Days on market
- 82 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1448
About this property
This 20-unit apartment complex is strategically positioned along one of Brownsville’s key transportation and employment corridors, with immediate access to Interstate 69E and FM 511. The location provides convenient connectivity throughout Brownsville and the Rio Grande Valley, as well as direct access to the Port of Brownsville and several of the region’s most significant industrial and infrastructure projects, including Rio Grande LNG, Texas LNG, and the future Saronic Technologies development.
The property offers investors the opportunity to acquire a manageable, value-add multifamily asset within one of Brownsville’s most active growth corridors. With continued investment and employment growth in the surrounding area, the asset is well positioned for long-term appreciation and offers potential upside through rental growth, operational efficiencies, and minimal property improvements.
20 Unit Multifamily - Brownsville, TX
Highlights
- Location Location Location - Located at the Interstate 69 and Highway FM 511 intersection
- Direct access to the Port of Brownsville and all of the Rio Grande Valley
- Brownsville Reports an Expanding Employement Base
- Value-Add Potential Through Lease-Up and Rent Growth
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Los Fresnos, TX | $720K | $90K$90K | — |
 Los Fresnos, TXStabilized | $650K | $130K$130K | 9.2%gy |
 Los Fresnos, TXValue-add | $599K | $75K$75K | — |
 Brownsville, TXNew construction | $2.5M | $192K$192K | — |
 Brownsville, TX | $1.2M | $149K$149K | — |
 Harlingen, TX | $3.3M | $89K$89K | 7.4% |