Two-Unit Duplex with Updated
For Sale
$199,900
1821-1823 Warren St., Harlingen, TX 78550
Duplex for sale with two 2-bedroom, 1-bath units, tile flooring, and updated kitchen quartz countertops.
Property Size1,603 SF
Price / SF$124.70
Days on Market230
Property Features for 1821-1823 Warren St.
General Information
Standard status
Active
Size
1,603 SF
Property subtype
Multi-Family
Additional Details
Multifamily Units
2
Building Details
Year Built
1956
Tenancy
Multi
Listing Agency:
THE MBTEAM
Listed By:
MONICA BENAVIDES TEAM
(956) 357-4632
Source:
Accessrealtyrgv
Added: Mar 19
Changed: Oct 26
Last Checked: Oct 7 at 3:20PM
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 MBTEAM
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Investment Insights
Based on property information with market context.
This duplex offers two separate units, each featuring 2 bedrooms and 1 bathroom. Interior details include tile flooring throughout, fresh interior paint, and a kitchen update with new quartz countertops.
The property is located at 1821-1823 Warren Street in Harlingen, TX 78550. It sits on a spacious lot with a large yard, providing meaningful outdoor space.
The layout supports independent occupancy across both units, making it suitable for an owner-occupant or an investor looking to receive rental income from one or both sides, depending on how the property is operated.
The property is located at 1821-1823 Warren Street in Harlingen, TX 78550. It sits on a spacious lot with a large yard, providing meaningful outdoor space.
The layout supports independent occupancy across both units, making it suitable for an owner-occupant or an investor looking to receive rental income from one or both sides, depending on how the property is operated.
Key Highlights
- 1956‑built duplex with two 2‑bedroom, 1‑bath units
- Each unit features tile flooring throughout
- Fresh interior paint in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,225
Cap Rate
6.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,500
$264.5K
Cap Rate 7%
$188,929
$188.9K
Cap Rate 9%
$146,944
$146.9K
Market Conditions
NOI Build-Up for 1,603 SF
Gross rent
$20.2K $12.60/SF
− Vacancy
−$1.3K −$0.81/SF
EGI
$18.9K $11.79/SF
− OpEx
−$5.7K −$3.54/SF
NOI
$13.2K $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%
$264,500
Cap Rate 7%
$188,929
Cap Rate 9%
$146,944
Alternative Uses
Best Use
Multifamily LT 5
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 6.62%
Second Best
Apartment 5plus
$173.3K
$151.6K – $202.1K
NOI $12,128 @ 7.0% cap · market cap 6.07%
Theoretical Best
Healthcare Medical
$276.0K
$241.5K – $322.0K
NOI $19,321 @ 7.0% cap · market cap 9.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
241
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
Frequently Asked Questions
What type of property is this?
Duplex - Duplex for sale with two 2-bedroom, 1-bath units, tile flooring, and updated kitchen quartz countertops.
Where is this duplex located?
The property is located at 1821-1823 Warren St. Harlingen, TX.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: 1956‑built duplex with two 2‑bedroom, 1‑bath units; Each unit features tile flooring throughout; Fresh interior paint in both units
