30-Unit Apartment
1801 Atrium Drive Harlingen, TX 78550
For Sale
$5,020,000
MULTI_FAMILY - Harlingen, TX
Property Size32,164 SF
Lot Size3.34 Acres
Price / SF$156.08
Days on Market11
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 Agency:
Keller Williams Realty RGV
(956) 928-1155
Listed By:
Jaime Lee Gonzalez
(956) 599-8400
Added: Jul 14
Last Checked: Jul 24 at 1:06PM
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
FAQs
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
