Modern Duplex with Private
2005 NEW COMBES RD, Harlingen, TX 78550
For Sale
$449,900
Residential Income, HARLINGEN, TX
Property Size3,186 SF
Lot Size0.15 Acres
Price / SF$141.21
Days on Market47
Property Features for 2005 NEW COMBES RD
General Information
Property type
Property subtype
Parking features
Interior features
Fencing
Appliances
Subdivision
Lot features
Elementary school
Middle school
High school
Elementary school district
Middle school district
High school district
Standard status
Size
Lot size
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Number of units
Flooring type
Listing Agency:
KELLER WILLIAMS LRGV · Keller Williams Realty
(956) 423-8877
Listed By:
ESTHER ORTEGA
(956) 463-7732
Added: Sep 25
Changed: Nov 7
Last Checked: Nov 10 at 4:06AM
MLS# 29779816
Copyright © 2026 Rio Grande Valley Multiple Listing Service Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Completed in 2023, this duplex contains two residences with a combined 3,186 square feet on a 0.15-acre lot. Each unit offers three bedrooms, two bathrooms, and a private one-car garage. Interior details include tile flooring, custom cabinetry, contemporary countertops, ceiling fans, and smoke alarms. Both homes have central electric heating and air conditioning, plus a range and dishwasher.
The property is at 2005 New Combes Rd in Harlingen. Public water and sewer serve the site, and privacy fencing is also present.
The property is at 2005 New Combes Rd in Harlingen. Public water and sewer serve the site, and privacy fencing is also present.
Key Highlights
- Two units, each with 3 bedrooms and 2 bathrooms
- Each residence includes a private one‑car garage
- 3,186 square feet on a 0.15‑acre lot
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,285
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,700
$525.7K
Cap Rate 7%
$375,500
$375.5K
Cap Rate 9%
$292,056
$292.1K
Market Conditions
NOI Build-Up for 3,186 SF
Gross rent
$40.1K $12.60/SF
− Vacancy
−$2.6K −$0.81/SF
EGI
$37.6K $11.79/SF
− OpEx
−$11.3K −$3.54/SF
NOI
$26.3K $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%
$525,700
Cap Rate 7%
$375,500
Cap Rate 9%
$292,056
Alternative Uses
Best Use
Multifamily LT 5
$375.5K
$328.6K – $438.1K
NOI $26,285 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$344.4K
$301.3K – $401.8K
NOI $24,105 @ 7.0% cap · market cap 5.36%
Theoretical Best
Healthcare Medical
$548.6K
$480.0K – $640.0K
NOI $38,400 @ 7.0% cap · market cap 8.54%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
215
Businesses Nearby
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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
$120,500
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Cameron County, TX
Properties on Market for Duplexes in Cameron County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms, two bathrooms, and a one-car garage.
Where is this duplex located?
The property is located at 2005 NEW COMBES RD Harlingen, TX.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Two units, each with 3 bedrooms and 2 bathrooms; Each residence includes a private one‑car garage; 3,186 square feet on a 0.15‑acre lot
