722 Sonesta Dr, Harlingen, TX 78550
Well-managed four-unit property in a prime location with cash flow.
- Added:
- Jan 21, 2026
- Days on Market:
- 157
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 722 Sonesta Dr
General Information
- Standard status
- Active
- Size
- 4,256 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 2004
Listing office THE FENNEGAN GROUP, INC
Listing date Jan 21, 2026
Source Crexi
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 THE FENNEGAN GROUP, INC
HighLights
- Steady cash flow with upside potential in rents.
- Separately metered for electricity and water, increasing cash flow.
- Located in a strong rental market in the rapidly growing Rio Grande Valley.
- Convenient location near schools, walking trail, retail stores, and major roads.
- Each unit has washer/dryer connections and ceramic tile floors.
- Priced below replacement costs.
Overview
Local Financial Insights For Multifamily LT 5
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 | $53.6k | $12.60 |
| − Vacancy | −$3.5k | −$0.81 |
| EGI | $50.2k | $11.79 |
| − OpEx | −$15.0k | −$3.54 |
| NOI | $35.1k | $8.25 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Harlingen
- County
- Cameron
- State
- Texas
- Longitude
- -97.666629
- Latitude
- 26.199246
