1801 Atrium Drive Harlingen, TX 78550
MULTI_FAMILY - Harlingen, TX
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
- 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 agent Jaime Lee Gonzalez (956) 599-8400
Listing office Keller Williams Realty RGV 3300 N Mccoll. Ste P & Q, McAllen, TX (956) 928-1155
Listing date Jul 14, 2026
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.
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
Local 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 |
