Duplex with Open-Concept
For Sale
$315,000
602 W Davis St, Harlingen, TX 78550
Two-bedroom, two-bath duplex with a spacious interior arrangement and a large yard.
Property Size1,944 SF
Price / SF$162.04
Days on Market84
Property Features for 602 W Davis St
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Multi-Family
Amenities
large yard
Building Details
Year Built
2006
Listing Agency:
EZ Realty & Property Mgt, LLC
Listed By:
Esmeralda Zuniga · License #0582634
(956) 200-5892
Source:
Accessrealtyrgv
Added: Jul 25
Changed: Sep 15
Last Checked: Oct 7 at 4:14PM
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 EZ Realty & Property Mgt, LLC
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Investment Insights
Based on property information with market context.
Located at 602 W Davis St in Harlingen, Texas, this duplex contains 1,944 square feet and was built in 2006. The property is described with an open-concept interior and two bedrooms and two bathrooms. A large yard provides additional outdoor space for gatherings and general use. The duplex format offers two residential units within one property, with the available information emphasizing the units’ condition and roominess.
Key Highlights
- 1,944‑square‑foot duplex in Harlingen, TX
- Built in 2006
- Two bedrooms and two bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,038
Cap Rate
5.09%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$320,760
$320.8K
Cap Rate 7%
$229,114
$229.1K
Cap Rate 9%
$178,200
$178.2K
Market Conditions
NOI Build-Up for 1,944 SF
Gross rent
$24.5K $12.60/SF
− Vacancy
−$1.6K −$0.81/SF
EGI
$22.9K $11.79/SF
− OpEx
−$6.9K −$3.54/SF
NOI
$16.0K $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%
$320,760
Cap Rate 7%
$229,114
Cap Rate 9%
$178,200
Alternative Uses
Best Use
Multifamily LT 5
$229.1K
$200.5K – $267.3K
NOI $16,038 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$210.1K
$183.9K – $245.1K
NOI $14,708 @ 7.0% cap · market cap 4.67%
Theoretical Best
Healthcare Medical
$334.7K
$292.9K – $390.5K
NOI $23,431 @ 7.0% cap · market cap 7.44%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
302
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
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom, two-bath duplex with a spacious interior arrangement and a large yard.
Where is this duplex located?
The property is located at 602 W Davis St Harlingen, TX.
What is the asking price?
The asking price for this property is $315,000.
What are key features of this property?
This property features: 1,944‑square‑foot duplex in Harlingen, TX; Built in 2006; Two bedrooms and two bathrooms
