Four-Unit
For Sale
$490,000
1706 & 1710 DECILOS DR, Harlingen, TX 78550
Residential Income, HARLINGEN, TX
Property Size4,074 SF
Lot Size0.28 Acres
Price / SF$120.27
Days on Market53
Property Features for 1706 & 1710 DECILOS DR
General Information
Property type
Residential Multi Family
Property subtype
Other
Interior features
Ceiling Fan(s), Smoke Alarm(s)
Appliances
Range, Refrigerator
Subdivision
DECILOS PHASE 2
Lot features
Curb & Gutter
Elementary school
LAMAR
Middle school
VELA
High school
HARLINGEN SOUTH
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
4,074 SF
Lot size
0.28 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central, Electric (Heating)
Cooling system
Electric, Central Air
Water source
Public
Building Details
Year built
2018
Floors in Building
1
Number of units
4
Flooring type
Tile
Listing Agency:
EXP Realty, LLC
(888) 519-7431
Listed By:
Adela Capetillo · License #0719961
(956) 622-1307
Added: Aug 4
Changed: Sep 14
Last Checked: Sep 25 at 2:06PM
MLS# 29778465
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.
Completed in 2018, this quadplex includes 4,074 square feet across two duplex buildings positioned opposite one another. The property contains four two-bedroom, two-bath units, with tile flooring, ceiling fans, smoke alarms, ranges, and refrigerators. Heating and cooling are provided through central electric systems.
The 0.2785-acre property is near an expressway, Walmart, Harlingen South High School, and other everyday conveniences. Public water and public sewer serve the property, supporting its four-unit residential configuration.
The 0.2785-acre property is near an expressway, Walmart, Harlingen South High School, and other everyday conveniences. Public water and public sewer serve the property, supporting its four-unit residential configuration.
Key Highlights
- Four 2‑bedroom, 2‑bath units across two duplex buildings
- 4,074 square feet on a 0.2785‑acre parcel
- Built in 2018
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
$33,611
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
6.86%
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%
$672,220
$672.2K
Cap Rate 7%
$480,157
$480.2K
Cap Rate 9%
$373,456
$373.5K
Market Conditions
NOI Build-Up for 4,074 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
$51.3K $12.60/SF
− Vacancy
−$3.3K −$0.81/SF
EGI
$48.0K $11.79/SF
− OpEx
−$14.4K −$3.54/SF
NOI
$33.6K $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%
$672,220
Cap Rate 7%
$480,157
Cap Rate 9%
$373,456
Alternative Uses
Best Use
Multifamily LT 5
$480.2K
$420.1K – $560.2K
NOI $33,611 @ 7.0% cap · market cap 6.86%
Second Best
Apartment 5plus
$440.3K
$385.3K – $513.7K
NOI $30,824 @ 7.0% cap · market cap 6.29%
Theoretical Best
Healthcare Medical
$701.5K
$613.8K – $818.4K
NOI $49,103 @ 7.0% cap · market cap 10.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
317
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?
Quadplex - Two duplex buildings contain spacious two-bedroom, two-bath residences with tile flooring and central air conditioning.
Where is this quadplex located?
The property is located at 1706 & 1710 DECILOS DR Harlingen, TX.
What is the asking price?
The asking price for this property is $490,000.
What are key features of this property?
This property features: Four 2‑bedroom, 2‑bath units across two duplex buildings; 4,074 square feet on a 0.2785‑acre parcel; Built in 2018
