Duplex with New Metal
For Sale
$335,000
Pending
2631/2635 HUNTERS CROSSING ST., Harlingen, TX 78550
Residential Income, HARLINGEN, TX
Property Size2,570 SF
Lot Size0.07 Acres
Days on Market208
Property Features for 2631/2635 HUNTERS CROSSING ST.
General Information
Property type
Residential Multi Family
Property subtype
Other
Parking features
Garage
Patio and Porch features
Patio
Interior features
Cable TV, Ceiling Fan(s), Smoke Alarm(s)
Exterior features
Patio
Fencing
Privacy
Appliances
Dishwasher, Dryer, Range, Refrigerator, Washer
Subdivision
FOX RUN
Lot features
Corner Lot, Sidewalks
Elementary school
TREASURE HILLS
Middle school
COAKLEY
High school
HARLINGEN SOUTH
Elementary school district
HARLINGEN C.I.S.D.
Middle school district
HARLINGEN C.I.S.D.
High school district
HARLINGEN C.I.S.D.
Standard status
Pending
Size
2,570 SF
Lot size
0.07 Acres
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
private fenced in backyard patio
Building Details
Year built
1983
Floors in Building
1
Number of units
2
Flooring type
Vinyl, Tile, Carpet
Listing Agency:
Real Broker, LLC
(855) 450-0442
Listed By:
Jaime Segovia
(210) 639-7327
Added: Mar 2
Changed: Sep 15
Last Checked: Sep 26 at 9:06AM
MLS# 29772511
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.
Investment Insights
Based on property information with market context.
This 2,570-square-foot duplex, built in 1983, contains two leased units with separate electric and water meters. Each unit includes a two-car garage and a private, privacy-fenced backyard patio. Interior features include tile, vinyl, and carpet flooring, central heating and central air, ceiling fans, cable TV, and smoke alarms. Appliances include a range, refrigerator, dishwasher, washer, and dryer. A new metal roof was installed in 2025.
The property occupies a 0.07-acre corner lot at 2631/2635 Hunters Crossing St. in Harlingen, Texas. Public water and public sewer serve the property. Both units are currently leased, providing an existing duplex configuration with dedicated garage and outdoor patio areas for each unit.
The property occupies a 0.07-acre corner lot at 2631/2635 Hunters Crossing St. in Harlingen, Texas. Public water and public sewer serve the property. Both units are currently leased, providing an existing duplex configuration with dedicated garage and outdoor patio areas for each unit.
Key Highlights
- 2,570 square feet across two leased duplex units
- New metal roof installed in 2025
- Each unit includes a 2‑car garage
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$21,203
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,060
$424.1K
Cap Rate 7%
$302,900
$302.9K
Cap Rate 9%
$235,589
$235.6K
Market Conditions
NOI Build-Up for 2,570 SF
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.
Gross rent
$32.4K $12.60/SF
− Vacancy
−$2.1K −$0.81/SF
EGI
$30.3K $11.79/SF
− OpEx
−$9.1K −$3.54/SF
NOI
$21.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$424,060
Cap Rate 7%
$302,900
Cap Rate 9%
$235,589
Alternative Uses
Best Use
Multifamily LT 5
$302.9K
$265.0K – $353.4K
NOI $21,203 @ 7.0% cap · market cap 6.33%
Second Best
Apartment 5plus
$277.8K
$243.1K – $324.1K
NOI $19,445 @ 7.0% cap · market cap 5.80%
Theoretical Best
Healthcare Medical
$442.5K
$387.2K – $516.3K
NOI $30,976 @ 7.0% cap · market cap 9.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,023
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Both units are leased and include separate electric and water metering, private patios, and garage parking.
Where is this duplex located?
The property is located at 2631/2635 HUNTERS CROSSING ST. Harlingen, TX.
What is the asking price?
The asking price for this property is $335,000.
What are key features of this property?
This property features: 2,570 square feet across two leased duplex units; New metal roof installed in 2025; Each unit includes a 2‑car garage
