Harlingen Multifamily Investment
630 W Taft Avenue Harlingen, TX 78550
630 W Taft Avenue, Harlingen, TX, 78550
$1,150,000
For Sale
$1,150,000
18-unit apartment community in central Harlingen, Texas.
Property Size11,924 SF
Lot Size0.41 Acres
Price / SF$96.44
Days on Market107
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
Listing Agency
Coldwell Banker Commercial Rio Grande Valley
(956) 451-2983
Listed by
Daniel Galvan · License #561680
(956) 451-2983
Source
Cbcworldwide
Added: Apr 2 Checked: Apr 3 at 12:18 pm
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
Investment Insights
Based on property information with market context.
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.
Key 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.
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
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
NOI $143,718 @ 7.0% cap · market cap 12.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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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.
