30-Unit Apartment
For Sale
$5,020,000
1801 Atrium Drive, Harlingen, TX 78550
MULTI_FAMILY - Harlingen, TX
Property Size32,164 SF
Lot Size3.34 Acres
Price / SF$156.08
Days on Market22
Property Features for 1801 Atrium Drive
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
None
Appliances
Electric Water Heater, Dishwasher, Microwave, Stove/Range-Electric Smooth
Subdivision
Arbor Health
Lot features
Curb & Gutters, Irregular Lot, Professional Landscaping, Sidewalks, Sprinkler System
Elementary school
Roberts
Middle school
Cabaza
High school
San Benito H.S.
Elementary school district
Harlingen ISD
Middle school district
Harlingen ISD
High school district
Harlingen ISD
Directions
Heading the 2 East bound, then take the 69 East, Take exit 22 toward FM 509/Paso Real Hwy, Merge onto S Expressway 83/S Expwy 77/Frontage Rd., Continue straight to stay on S Expressway 83/S Expwy 77/Frontage Rd., turn left on Paso Real, Left onto Haine Dr., Left onto Atrium and your destination is on the left.
Standard status
Active
APN
8853360000006000
Size
32,164 SF
Lot size
3.34 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
56890
Utilities
Heating system
Central
Cooling system
Central Air
Water source
Public
Building Details
Year built
2023
Floors in Building
1
Number of units
30
Building materials
Stucco
Roof type
Composition
Listing Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 14
Last Checked: Aug 4 at 8:06AM
MLS# 509541
Copyright © 2026 Greater McAllen Association of Realtors. 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 for-sale multifamily property is a well-maintained 30-unit apartment community. The asset is designed around a consistent unit layout and provides functional living spaces intended for comfortable day-to-day occupancy.
The community is located in Harlingen, Texas, in Cameron County, with convenient access to major highways and proximity to shopping, dining, schools, medical facilities, and employment centers.
With 30 total units, the property offers a straightforward income-producing configuration for an investor seeking a stabilized, longer-term rental housing option.
The community is located in Harlingen, Texas, in Cameron County, with convenient access to major highways and proximity to shopping, dining, schools, medical facilities, and employment centers.
With 30 total units, the property offers a straightforward income-producing configuration for an investor seeking a stabilized, longer-term rental housing option.
Key Highlights
- 30‑unit multifamily apartment community in Harlingen, Texas
- Built in 2023 with stucco construction
- Central heat and central air conditioning throughout
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $474.7k | $14.76 |
| − Vacancy | −$32.3k | −$1.00 |
| EGI | $442.5k | $13.76 |
| − OpEx | −$199.1k | −$6.19 |
| NOI | $243.4k | $7.57 |
32,164 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$3.48M
$3.04M – $4.06M
NOI $243,352 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$5.54M
$4.85M – $6.46M
NOI $387,666 @ 7.0% cap · market cap 7.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
30
Residential units
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
248
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - For sale 30-unit apartment community on Atrium Drive in Harlingen, Texas.
Where is this apartment building located?
The property is located at 1801 Atrium Drive Harlingen, TX.
What is the asking price?
The asking price for this property is $5,020,000.
What are key features of this property?
This property features: 30‑unit multifamily apartment community in Harlingen, Texas; Built in 2023 with stucco construction; Central heat and central air conditioning throughout
