Six-Unit Duplex
For Sale
$813,000
1801 Midlane Dr, Harlingen, TX 78552
Three adjoining buildings offer fully leased, two-bedroom residences with private outdoor space.
Property Size5,880 SF
Price / SF$138.27
Days on Market22
Property Features for 1801 Midlane Dr
General Information
Standard status
Active
Size
5,880 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$8,541
Listing Agency:
The Agency Austin
(512) 607-5113
Listed By:
Myra Garcia · License #719556
(956) 606-4688
Source:
Exprealty
Added: Sep 22
Changed: Oct 13
Last Checked: Oct 13 at 1:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Agency Austin
Investment Insights
Based on property information with market context.
This Harlingen portfolio consists of three neighboring duplexes at 1801, 1805, and 1809 Midlane Dr, comprising six residences. Each unit has two bedrooms, two bathrooms, and a private backyard. The properties are fully occupied.
The buildings are a short drive from I-2 and I-69E, providing regional highway access.
The buildings are a short drive from I-2 and I-69E, providing regional highway access.
Key Highlights
- Three duplexes at 1801, 1805, and 1809 Midlane Dr
- Six units, each with 2 bedrooms and 2 bathrooms
- Fully occupied portfolio
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,511
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$970,220
$970.2K
Cap Rate 7%
$693,014
$693.0K
Cap Rate 9%
$539,011
$539.0K
Market Conditions
NOI Build-Up for 5,880 SF
Gross rent
$74.1K $12.60/SF
− Vacancy
−$4.8K −$0.81/SF
EGI
$69.3K $11.79/SF
− OpEx
−$20.8K −$3.54/SF
NOI
$48.5K $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 Rate 5%
$970,220
Cap Rate 7%
$693,014
Cap Rate 9%
$539,011
Alternative Uses
Best Use
Multifamily LT 5
$693.0K
$606.4K – $808.5K
NOI $48,511 @ 7.0% cap · market cap 5.97%
Second Best
Apartment 5plus
$635.5K
$556.1K – $741.5K
NOI $44,488 @ 7.0% cap · market cap 5.47%
Theoretical Best
Healthcare Medical
$1.01M
$885.9K – $1.18M
NOI $70,870 @ 7.0% cap · market cap 8.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
284
Businesses Nearby
Explore this area
Business Placement
Demographics for 78552, TX
38,474
Population
16,009
Households
2.4
Avg Household Size
37
Median Age
22%
College-Educated
81%
High-School Grad
48.0 sq mi
ZIP Area
802
Density / Sq Mi
$67,183
Median Household Income
$34,571
Median Earnings
$1,054
Median Rent
$154,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Duplex - Three adjoining buildings offer fully leased, two-bedroom residences with private outdoor space.
Where is this duplex located?
The property is located at 1801 Midlane Dr Harlingen, TX.
What is the asking price?
The asking price for this property is $813,000.
What are key features of this property?
This property features: Three duplexes at 1801, 1805, and 1809 Midlane Dr; Six units, each with 2 bedrooms and 2 bathrooms; Fully occupied portfolio
