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    Harlingen Multifamily Investment Opportunity Title is generated by Realmo AI

    630 W Taft Avenue, Harlingen, TX 78550

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    For Sale
    $1,150,000

    18-unit apartment community in central Harlingen, Texas.

    Type:Multifamily
    Property size:
    11,924 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $96/SF
    Added:
    Apr 2, 2026
    Days on Market:
    62
    Last Refresh:
    Apr 2 at 8:05 pm

    Property Features for 630 W Taft Avenue

    General Information

    Standard status
    Active
    Size
    11,924 SF
    Lot size
    0.41 Acres
    Property subtype
    Multifamily

    Building Details

    Year Built
    1983

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    Listing Contact
    Daniel Galvan
    Daniel Galvan

    Listing agent Daniel Galvan License #561680

    Listing office Coldwell Banker Commercial | Rio Grande Valley

    Listing date Apr 2, 2026

    Source Cbcworldwide

    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 Coldwell Banker Commercial | Rio Grande Valley

    HighLights

    • 18‑unit apartment community in central Harlingen, Texas.
    • Features primarily two‑bedroom units with select three‑bedroom layouts.
    • Convenient access to schools, neighborhood retail, and major thoroughfares.
    • Strong workforce housing demand location.
    • Garden‑style apartment community.
    • Built in 1983.

    Overview

    This two-story, garden-style apartment community, constructed in 1983, is located in central Harlingen, Texas. The property comprises 18 units, totaling approximately 11,924 square feet and situated on approximately 0.41 acres. The unit layouts primarily feature two-bedroom configurations, with a selection of three-bedroom units also available. The central location provides convenient access to schools, neighborhood retail options, and major thoroughfares throughout the Rio Grande Valley, catering to workforce housing demand.

    Local Financial Insights For Apartment 5plus

    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 $176.0k $14.76
    − Vacancy −$12.0k −$1.00
    EGI $164.0k $13.76
    − OpEx −$73.8k −$6.19
    NOI $90.2k $7.57
    11,924 SF · lease $14.76/SF/yr · vacancy 6.80% · expense 45.00%

    Alternative Uses

    Best Use
    Apartment 5plus
    $1.29M
    $1.13M – $1.50M (±1% cap)
    NOI $90,217 @ 7.0% cap · market cap 7.84%
    Second Best
    no second resolved use
    Theoretical Best
    Healthcare Medical
    $2.05M
    $1.80M – $2.40M (±1% cap)
    NOI $143,718 @ 7.0% cap · market cap 12.50%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.701491
    Latitude
    26.175286

    FAQs

    What type of property is this?
    Apartment building - 18-unit apartment community in central Harlingen, Texas.
    Where is this apartment building located?
    The property is located at 630 W Taft Avenue Harlingen, TX.
    What is the asking price?
    The asking price for this property is $1,150,000.
    What are key features of this property?
    This property features: 18‑unit apartment community in central Harlingen, Texas.; Features primarily two‑bedroom units with select three‑bedroom layouts.; Convenient access to schools, neighborhood retail, and major thoroughfares.
    More about this property
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