Two-Unit Duplex with Updated
1821-1823 Warren Street Harlingen, TX 78550
For Sale
Contact for pricing
Duplex for sale with two 2-bedroom, 1-bath units, tile flooring, and updated kitchen quartz countertops.
Property Size1,603 SF
Price / SF$149.10
Days on Market130
Property Features for 1821-1823 Warren Street
General Information
- Standard status
- Active
- Size
- 1,603 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing Agency:
THE MBTEAM
(956) 357-4632
Listed By:
Monica Benavides
Source:
Crexi
Added: Mar 17
Changed: Jul 23
Last Checked: Jul 23 at 9:03AM
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
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 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 | $20.2k | $12.60 |
| − Vacancy | −$1.3k | −$0.81 |
| EGI | $18.9k | $11.79 |
| − OpEx | −$5.7k | −$3.54 |
| NOI | $13.2k | $8.25 |
1,603 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$188.9K
$165.3K – $220.4K
NOI $13,225 @ 7.0% cap · market cap 5.53%
Second Best
Apartment 5plus
$173.3K
$151.6K – $202.1K
NOI $12,128 @ 7.0% cap · market cap 5.07%
Theoretical Best
Healthcare Medical
$276.0K
$241.5K – $322.0K
NOI $19,321 @ 7.0% cap · market cap 8.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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 Street Harlingen, TX.
What is the asking price?
The asking price for this property is $239,000.
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
