Four-Unit Multifamily
New
For Sale
$490,000
1706 & 1710 DECILOS DR, Harlingen, TX 78550
MULTI_FAMILY - HARLINGEN, TX
Property Size4,074 SF
Lot Size0.28 Acres
Price / SF$120.27
Days on Market3
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
Electric (Heating), Central
Cooling system
Central Air, Electric
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
Last Checked: Aug 6 at 1:06AM
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.
Built in 2018, this four-unit multifamily property contains 4,074 square feet across two duplex buildings positioned opposite one another. Each residence offers two bedrooms and two bathrooms, with tile flooring, ceiling fans, smoke alarms, range appliances, and refrigerators. Central electric heating and cooling serve the units, while public water and public sewer support the property.
The property occupies 0.2785 acres at 1706 & 1710 Decilos Dr in Harlingen, Texas. Its setting is near an expressway, Walmart, Harlingen South High School, and other everyday conveniences. The combination of four similarly configured residences and established building systems provides a clear, compact multifamily layout.
The property occupies 0.2785 acres at 1706 & 1710 Decilos Dr in Harlingen, Texas. Its setting is near an expressway, Walmart, Harlingen South High School, and other everyday conveniences. The combination of four similarly configured residences and established building systems provides a clear, compact multifamily layout.
Key Highlights
- Four units totaling 4,074 square feet
- Four 2‑bedroom, 2‑bath residences
- Two duplex buildings built in 2018
Financial Insights For Multifamily LT 5
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 | $51.3k | $12.60 |
| − Vacancy | −$3.3k | −$0.81 |
| EGI | $48.0k | $11.79 |
| − OpEx | −$14.4k | −$3.54 |
| NOI | $33.6k | $8.25 |
4,074 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
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
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
383
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 structures provide four residential units with central HVAC, tile flooring, and public utilities.
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 units totaling 4,074 square feet; Four 2‑bedroom, 2‑bath residences; Two duplex buildings built in 2018
