New Construction
For Sale
$359,000
1014 ESCONDIDO LN., Harlingen, TX 78550
Residential Income, HARLINGEN, TX
Property Size2,690 SF
Lot Size0.15 Acres
Price / SF$133.46
Days on Market78
Property Features for 1014 ESCONDIDO LN.
General Information
Property type
Residential Multi Family
Property subtype
Other
Property condition
Under Construction
Interior features
Ceiling Fan(s), Smoke Alarm(s), Walk-in Closet(s)
Appliances
Range, Refrigerator
Subdivision
ESCONDIDO
Lot features
Curb & Gutter
Elementary school
BONHAM
Middle school
VERNON
High school
HARLINGEN
Elementary school district
HARLINGEN C.I.S.D.
Middle school district
HARLINGEN C.I.S.D.
High school district
HARLINGEN C.I.S.D.
Standard status
Active
Size
2,690 SF
Lot size
0.15 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2026
Floors in Building
1
Number of units
2
Flooring type
Tile
Listing Agency:
KELLER WILLIAMS LRGV · Keller Williams Realty
(956) 423-8877
Listed By:
VANESSA CANTU · License #0738372
(956) 970-2851
Added: Jun 12
Changed: Aug 19
Last Checked: Aug 28 at 11:06AM
MLS# 29777146
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This under-construction duplex contains two residential units within 2,690 square feet. Each unit is planned with 2 bedrooms, 2 full bathrooms, a dedicated laundry room, walk-in closets, and tile flooring. Central heating and central air support year-round comfort, while ceiling fans and smoke alarms add practical interior features. Each side also includes a range and refrigerator.
The property occupies 0.15 acres in Harlingen, Texas, with access to public water and public sewer. Construction is scheduled for 2026, and the configuration provides two separate living spaces within one residential income property.
The property occupies 0.15 acres in Harlingen, Texas, with access to public water and public sewer. Construction is scheduled for 2026, and the configuration provides two separate living spaces within one residential income property.
Key Highlights
- Two‑unit duplex totaling 2,690 square feet
- Each unit includes 2 bedrooms and 2 full bathrooms
- Dedicated laundry room in each unit
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,193
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.18%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,860
$443.9K
Cap Rate 7%
$317,043
$317.0K
Cap Rate 9%
$246,589
$246.6K
Market Conditions
NOI Build-Up for 2,690 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$33.9K $12.60/SF
− Vacancy
−$2.2K −$0.81/SF
EGI
$31.7K $11.79/SF
− OpEx
−$9.5K −$3.54/SF
NOI
$22.2K $8.25/SF
Area
Cameron County, TX
Vacancy
6.46%
Lease Rate
$12.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$443,860
Cap Rate 7%
$317,043
Cap Rate 9%
$246,589
Alternative Uses
Best Use
Multifamily LT 5
$317.0K
$277.4K – $369.9K
NOI $22,193 @ 7.0% cap · market cap 6.18%
Second Best
Apartment 5plus
$290.7K
$254.4K – $339.2K
NOI $20,352 @ 7.0% cap · market cap 5.67%
Theoretical Best
Healthcare Medical
$463.2K
$405.3K – $540.4K
NOI $32,422 @ 7.0% cap · market cap 9.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
17
Businesses Nearby
Explore this area
Business Placement
Demographics for 78550, TX
56,038
Population
22,347
Households
2.5
Avg Household Size
35
Median Age
22%
College-Educated
77%
High-School Grad
94.2 sq mi
ZIP Area
595
Density / Sq Mi
$51,524
Median Household Income
$32,065
Median Earnings
$863
Median Rent
$120,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two contemporary residential units offer private laundry rooms, modern finishes, and comfortable two-bedroom layouts.
Where is this duplex located?
The property is located at 1014 ESCONDIDO LN. Harlingen, TX.
What is the asking price?
The asking price for this property is $359,000.
What are key features of this property?
This property features: Two‑unit duplex totaling 2,690 square feet; Each unit includes 2 bedrooms and 2 full bathrooms; Dedicated laundry room in each unit
