Turnkey Multifamily Investment
1921 Dennis Street, Harlingen, TX 78550
Leased quadplex on a large lot with expansion potential.
Type:Multifamily
Property size:
2,808 SFLot size:
0.28 AcresPrice / SF:
$137/SF- Added:
- May 17, 2026
- Days on Market:
- 13
- Last Refresh:
- May 20 at 4:55 am
Property Features for 1921 Dennis Street
General Information
- Standard status
- Active
- Size
- 2,808 SF
- Lot size
- 0.28 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 2005
Listing agent Diana Martinez-Moon License #0755014
Listing office RE/MAX PLATINUM Of Mcallen
Listing date May 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 RE/MAX PLATINUM Of Mcallen
HighLights
- Turnkey and fully leased investment property with stable, long‑term tenants.
- Future expansion potential, including the possibility of adding an additional 4‑plex.
- Low‑maintenance operation with minimal expenses.
- Located on a quiet dead‑end street with convenient access to amenities.
- Well‑maintained property built in 2005, reflecting pride of ownership.
- Roof replaced in 2018.
Overview
This is a fully leased multifamily investment opportunity situated on a nearly 12,000 square foot lot with future expansion potential, including the possibility of adding an additional 4-plex. The property features four 2-bedroom, 1-bath units with stable long-term tenants. The property has been exceptionally maintained. The roof was replaced in 2018. It is a low-maintenance operation with owner-paid water and minimal expenses. The property is located on a quiet dead-end street with minimal traffic, providing convenient access to schools, grocery stores, and Bus 77 Sunshine Strip. The property size is 2,808 square feet. Strong occupancy history and future upside make this an excellent addition to an investment portfolio.
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 | $35.4k | $12.60 |
| − Vacancy | −$2.3k | −$0.81 |
| EGI | $33.1k | $11.79 |
| − OpEx | −$9.9k | −$3.54 |
| NOI | $23.2k | $8.25 |
2,808 SF · lease $12.60/SF/yr · vacancy 6.46% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$331.0K
$289.6K – $386.1K
NOI $23,167 @ 7.0% cap · market cap 6.02%
Second Best
Apartment 5plus
$303.5K
$265.6K – $354.1K
NOI $21,245 @ 7.0% cap · market cap 5.52%
Theoretical Best
Healthcare Medical
$483.5K
$423.1K – $564.1K
NOI $33,844 @ 7.0% cap · market cap 8.79%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Quadplexes
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.700101
- Latitude
- 26.211853
Nearby Similar for Sale
FAQs
What type of property is this?
Quadplex - Leased quadplex on a large lot with expansion potential.
Where is this quadplex located?
The property is located at 1921 Dennis Street Harlingen, TX.
What is the asking price?
The asking price for this property is $385,000.
What are key features of this property?
This property features: Turnkey and fully leased investment property with stable, long‑term tenants.; Future expansion potential, including the possibility of adding an additional 4‑plex.; Low‑maintenance operation with minimal expenses.
