MULTIFAMILYRADAR
18-Unit Multifamily in Harlingen, TX, photo 11 / 4
Value-add
$1,150,000

18-Unit Multifamily in Harlingen, TX

Cameron County, TX · listed Apr 1, 2026 (210 days)

Price per unit compared
This property$64K
Within ~40 mi (156)$88K
Texas median (1,029)$100K
$/unit
$63,889
▼ 36% vs TX · 16th pct
Cap rate
—
 
Gross yield
—
 
Units
18
2 bldg · 1983

Financials

Asking price
$1,150,000
Price per unit
$63,889
Price per sq ft
$69
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
18
Unit mix
mix of two- and three-bedroom units
Buildings
2
Year built
1983
Building size
16,785 sq ft
Avg unit size
933 sq ft
Lot size
0.41 acres
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Apr 1, 2026
Days on market
210 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1911

About this property

Coldwell Banker Commercial Rio Grande Valley presents (address on request) — an 18-unit, two-story garden-style apartment community in central Harlingen, Texas. At $1,150,000 ($63,889/unit), this offering delivers an accessible entry into Rio Grande Valley multifamily with immediate cash flow and a clear value-add path.

The property totals 11,924 SF on ±0.41 acres and features a mix of two- and three-bedroom units serving the workforce renter base that underpins RGV housing demand. Built in 1983 of brick construction, the community benefits from decades of established occupancy in a supply-constrained submarket.

Positioned just off Interstate 69E, residents have immediate access to one of Harlingen's densest retail corridors — anchored by H-E-B, Walmart, Target, Kohl's, TJ Maxx, Academy Sports, Burlington, and Marshalls. Harlingen South High School, Victor Park, and Tony Bulter Golf Course are all within the immediate trade area, reinforcing the property's appeal to families and long-term renters.

For the investor willing to deploy capital strategically, 630 W. Taft presents a direct and executable value-add thesis. Interior unit upgrades paired with exterior improvements to curb appeal and common areas offer a clear path to above-market rents in a submarket with limited new supply. The broader RGV continues to attract population growth and infrastructure investment driven by SpaceX/Starbase expansion, Port of Brownsville cargo activity, and sustained cross-border trade volume — all of which translate to durable demand at the workforce housing level.

Multifamily | 18 Units | $63,889/unit

Highlights

18-unit, two-story garden-style apartment community in central Harlingen, Texas

Priced at $1,150,000 — $63,889 per unit

Well-balanced mix of two- and three-bedroom workforce housing units

Brick construction on ±0.41 acres | 11,924 SF total building area

Direct access to Interstate 69E — primary RGV arterial connecting McAllen to Brownsville

Located within 1 mile of major retail corridor anchored by H-E-B, Walmart, Target, Kohl's, TJ Maxx, Academy Sports, Burlington, and Marshalls

Proximate to Harlingen South High School, Victor Park, and Tony Bulter Golf Course

Strong workforce housing demand fundamentals with limited new supply in submarket

Value-add upside through strategic interior and exterior improvements

RGV market supported by SpaceX/Starbase expansion, Port of Brownsville cargo growth, and sustained cross-border trade activity

Location

Approximate area. The exact address is shared on request.

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