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For sale
  • Price cut: $30.5K (6/28)
    $699,000

    1380 Milpa Verde, Brownsville, TX 78521

    --beds
    --baths
    9,750sqft
    : 
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    Apartment
    Built in 1970
    -- sqft lot
    $-- Zestimate®
    $72/sqft
    $-- HOA

    What's special

    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.
    37 days
    |
    154
    |
    10
    |

    Zillow last checked:

    Listing updated:

    Listed by:

    Cesar Cepeda 956-908-3224,

    GRT Realty

    Source: RGVMLS,MLS#: 29777200MLS Logo

      Facts & features

      Interior

      Appliances
      • Included: Electric Water Heater
      Features
      • None
      Interior area
      • Total structure area: 9,750
      • Total interior livable area: 9,750 sqft
      Video & virtual tour

      Property

      Parking
      • Total spaces: 30
      • Parking features: 4 or More Car Garage
      • Has garage: Yes
      Features
      • Levels: One
      • Exterior features: None
      Lot
      • Size: 2.5 Acres
      • Features: None
      Details
      • Additional structures: None
      • Parcel number: 7927000270010000

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Apartment
      Materials
      • Wood Siding
      • Foundation: Slab
      Condition
      • Year built: 1970

      Utilities & green energy

      • Water: Public
      Green energy
      • Energy efficient items: None

      Community & HOA

      Community
      • Subdivision: Unsubdivided
      Location
      • Region: Brownsville

      Financial & listing details

      • Price per square foot: $72/sqft
      • Tax assessed value: $592,118
      • Annual tax amount: $12,274
      • Date on market: 6/15/2026
      • Listing terms: Cash,Conventional
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        $1,307/mo

        Price history

        DateEventPrice
        6/28/2026Price change$699,000-4.2%$72/sqft
        Source: RGVMLS #29777200 Report a problem
        6/24/2026Price change$729,500-0.1%$75/sqft
        Source: RGVMLS #29777200 Report a problem
        6/15/2026Listed for sale$730,000+97.8%$75/sqft
        Source: RGVMLS #29777200 Report a problem
        3/5/2020Listing removed$369,000$38/sqft
        Source: B-Town Realty #29708295 Report a problem
        11/11/2019Listed for sale$369,000+2.5%$38/sqft
        Source: B-Town Realty #29708295 Report a problem
        4/24/2019Listing removed$359,900$37/sqft
        Source: B-Town Realty #29708295 Report a problem
        5/23/2018Listed for sale$359,900-4%$37/sqft
        Source: B-Town Realty #29708295 Report a problem
        2/1/2018Listing removed$375,000$38/sqft
        Source: B-Town Realty #29708295 Report a problem
        11/16/2017Price change$375,000+4.2%$38/sqft
        Source: B-Town Realty #29708295 Report a problem
        9/27/2017Listed for sale$359,900$37/sqft
        Source: B-Town Realty #29708295 Report a problem
        11/11/2013Listing removed$475
        Source: Go Section8 Report a problem
        11/8/2013Listed for rent$475
        Source: Go Section8 Report a problem
        5/3/2013Listing removed$475
        Source: SANFOX APARTMENTS Report a problem
        1/16/2013Listed for rent$475
        Source: SANFOX APARTMENTS Report a problem
        10/19/2012Listing removed$475
        Source: SANFOX APARTMENTS Report a problem
        9/19/2012Listed for rent$475
        Source: SANFOX APARTMENTS Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$12,274 -8.9%$592,118
        2024$13,479 +68.5%$592,118 +69.8%
        2023$8,000 -11.5%$348,695
        2022$9,044 $348,695
        2021-- $348,695
        2020-- $348,695 +55%
        2019$5,915 +2.3%$224,900
        2018$5,784 -2%$224,900
        2017$5,901 +4.8%$224,900
        2016$5,632 +0.1%$224,900
        2015$5,624 $224,900
        2014$5,624 $224,900 -8.6%
        2013-- $245,942
        2012-- $245,942
        2011-- $245,942 +18.8%
        2009-- $207,092 +27.2%
        2008-- $162,760
        2007-- $162,760 +6.7%
        2005$4,216 -1.2%$152,589 -1%
        2004$4,266 -2.4%$154,101 -3.7%
        2003$4,370 -0.1%$160,007
        2002$4,375 -0.6%--
        2001$4,401 +3.5%--
        2000$4,252 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
        See how much you could borrow to make a competitive offer.

        Climate risks

        Neighborhood: Milpa Verde

        Getting around

        23 / 100
        Car-Dependent
        34 / 100
        Somewhat Bikeable

        Nearby schools

        GreatSchools rating
        Schools provided by the listing agent
        • Elementary: Garza
        • Middle: Besteiro
        • High: Lopez
        • District: Brownsville I.S.D.

        Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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