MULTIFAMILYRADAR
8-Unit Multifamily in Harlingen, TX, photo 1
Value-add
$395,000

8-Unit Multifamily in Harlingen, TX

TX · listed Aug 26, 2026 (63 days)

Price per unit compared
This property$49K
Within ~40 mi (194)$83K
Texas median (1,196)$92K
$/unit
$49,375
▼ 46% vs TX · 12th pct
Cap rate
—
 
Gross yield
—
 
Units
8
1961

Financials

Asking price
$395,000
Price per unit
$49,375
Price per sq ft
$205
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
8
Unit mix
seven 2-bedroom/1-bath units and one 1-bedroom/1-bath unit
Buildings
Not stated
Year built
1961
Building size
1,926 sq ft
Avg unit size
241 sq ft
Lot size
Not stated
Condition
Value-add

Deal terms

Owner financing
Not stated

Listing

Listed
Aug 26, 2026
Days on market
63 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1998

About this property

Investment opportunity in Harlingen! This 8-unit multifamily property offers an established income stream with significant value-add potential. The property consists of seven 2-bedroom/1-bath units and one 1-bedroom/1-bath unit. Current rents vary across similar units, creating an opportunity for an investor to improve income as units turn over and rents are brought closer to market levels. With eight units already in place and producing income, this property offers an attractive opportunity for an investor looking to expand their multifamily portfolio in Harlingen. Conveniently located near shopping, restaurants, schools, and major thoroughfares.

Location

Approximate area. The exact address is shared on request.

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