1802 Aragon Drive, Harlingen, TX 78552
Fully leased duplex with two 2-bedroom, 2-bath units and separate electric and water meters.
- Added:
- Jun 17, 2026
- Days on Market:
- 11
- Last Refresh:
- Jun 24 at 5:41 am
Property Features for 1802 Aragon Drive
General Information
- Standard status
- Active
- Size
- 1,960 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2001
Listing office Keller Williams Realty RGV
Listing date Jun 17, 2026
Source Crexi
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 Keller Williams Realty RGV
HighLights
- Fully leased duplex investment with two 2‑bedroom, 2‑bath units
- Separate electric and water meters for each unit
- Roof replaced in 2025
- Year built: 2001
Overview
Located in Harlingen, the property is described as being near Harlingen High School, the Expressway, shopping, restaurants, and major employers. This positioning can support a tenant base drawn from nearby services and workforce locations.
For buyers seeking an income-producing residential duplex, the fully leased status and separate metering are practical considerations. Terms require proof of funds or lender pre-approval prior to contract acceptance. Showings are permitted only after the property is under contract and during the option period, which helps maintain orderly scheduling for due diligence and follow-up.
Local 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 | $24.7k | $12.60 |
| − Vacancy | −$1.6k | −$0.81 |
| EGI | $23.1k | $11.79 |
| − OpEx | −$6.9k | −$3.54 |
| NOI | $16.2k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.714656
- Latitude
- 26.174625
