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1380 Milpa Verde

BROWNSVILLE, TX 78521
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Just listedJust listed
9,750 Sqft
2.50 Lot Acres
Multi-Family

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Description

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.

MLS#
HBRTX-29777200
List Price
$730,000 ($75/Sqft.)
Listing Status
For Sale
Address
1380 Milpa Verde
City
BROWNSVILLE
State
TX
Zip Code
78521
County
CAMERON County
Subdivision
UNSUBDIVIDED
Property Type
Multi-Family
Stories
1
Building Size
9,750 Sqft/Appraisal District
Year Built
1970 /Appraisal District
Lot Size
2.50 Lot Acres/Appraisal District
LP / Acre
$292,000 / Acre

Interior

Floors
Vinyl
Cooling
Ductless, Zoned

Exterior

Dock
Yes

Lot Information

Lot Size
2.50 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Listing Broker

Information source

Rio Grande Valley Multiple Listing Service Inc.
Source last updated Jun 20, 2026 at 02:32 AM
Listing last updated Jun 15, 2026 at 03:10 AM
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Know the property tax history and market value

Cost/Sqft based on tax value

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Create and estimate your monthly mortgage payment and property taxes based on past rates.

Estimated Monthly Payments

DOWN PAYMENT
Loan Term
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Presented by TimeValue Software ©2021
Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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