Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2406 Treasure Hills Ct Harlingen, TX 78550
    Property profile & analytics

    2406 Treasure Hills Ct Harlingen, TX 78550

    View on Map
    • Apartment buildings
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2406 Treasure Hills Ct

    Year built
    1978
    Property type
    Apartment buildings
    Property subtype
    Small apartment buildings

    Description

    This exceptional investment opportunity presents a two-unit duplex located in the sought-after Treasure Hills neighborhood of Harlingen, Texas. Situated on a spacious 12,324 square foot lot, this property offers a blend of comfort and potential. The property consists of two separate buildings, constructed in 1978. One unit is a single-story, two-bedroom, one-bathroom residence, while the other is a two-story unit boasting three bedrooms and two and a half bathrooms. The two-story unit also includes the added benefit of a fenced backyard. Both units are equipped with convenient washer/dryer hookups and modern recessed lighting in the living areas. Each unit also features the added convenience of a one-car garage. The property's location within a tranquil cul-de-sac adds to its appeal, offering a peaceful and desirable living environment. This duplex presents a strong investment opportunity with excellent rental income potential in a highly sought-after area. The asking price for this property is $244,900. This is a rare opportunity to acquire a well-maintained, income-generating property in a prime Harlingen location. Don't miss out on this chance to add a valuable asset to your portfolio.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Harlingen
    County
    Cameron
    State
    Texas
    Longitude
    -97.6607
    Latitude
    26.1782

    Comparable in this City

    • Value Estimation by Request

      1013 Escondido Ln

      Multifamily properties
      1013 Escondido Ln, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      1.00 Acre

      625 Loop 499

      Multifamily properties • 1.00 Acre
      625 Loop 499, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      5,987 SF

      2501 Treasure Hills Blvd

      Multifamily properties • 5,987 SF
      2501 Treasure Hills Blvd, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      3,504 SF

      2213 Multi-National

      Multifamily properties • 3,504 SF
      2213 Multi-National, Harlingen, TX 78550
      View Details
    • Value Estimation by Request
      1.00 Acre

      2605 21St St

      Multifamily properties • 1.00 Acre
      2605 21St St, Harlingen, TX 78550
      View Details
    • Value Estimation by Request

      2205 G St

      Multifamily properties
      2205 G St, Harlingen, TX 78550
      View Details

    Similar Nearby for Sale

    • $1,150,000

      Harlingen Multifamily Investment Opportunity

      18-unit apartment community in central Harlingen, Texas.
      630 W Taft Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing
      59,777 SF

      Mixed-Use Property with Retail Center

      38 units with retail, value-add potential in high-traffic area.
      1109 N 7Th St, Harlingen, TX 78550
      View Details
    • $399,000
      4,962 SF

      Harlingen Multifamily Investment Opportunity

      Treasure Hills multifamily property near Valley Baptist, Harlingen, TX.
      2302 Treasure Hills Blvd, Harlingen, TX 78550
      View Details
    • $325,000
      1,615 SF

      New Duplex in Coakley Estates

      Modern duplex in Harlingen, TX, great cash-flow opportunity.
      1725 Clinton St, Harlingen, TX 78550
      View Details
    • New
      $229,900
      2,062 SF

      Harlingen Triplex with Converted Units

      Triplex featuring three separate living units and shared backyard.
      802 E Lantana Ave, Harlingen, TX 78550
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,000 SF

      Harlingen Office Space For Lease

      Professional office space available for lease in Harlingen, Texas.
      1713 000, Harlingen, TX 78550
      View Details
    • Contact for pricing
      4,294 SF

      Harlingen Commercial Property For Rent

      Commercial property in high-traffic area, ideal for retail or office.
      4319 Expy, Harlingen, TX 78550
      View Details
    • Contact for pricing
      21,780 SF

      Harlingen Commercial Rental Opportunity

      Prime commercial space in high-traffic Harlingen location.
      918 N 77 Sunshine Strip, Harlingen, TX 78550
      View Details
    • Contact for pricing
      61,864 SF

      Harlingen Warehouse and Storage Units

      Affordable warehouse and storage units centrally located in Harlingen, TX.
      1920-2020 Unit Call For Avails, Harlingen, TX 78550
      View Details
    • Contact for pricing

      Harlingen Central Business District Office

      Move-in ready office spaces in Harlingen's Central Business District.
      222 Van Buren Ave, Harlingen, TX 78550
      View Details
    • Contact for pricing
      2,045 SF

      Renovated Retail Space Available

      Newly renovated retail space in high-traffic location for lease.
      410 N Ed Carey Dr, Harlingen, TX 78550
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2406 Treasure Hills Ct
    Harlingen, TX 78550
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2406 Treasure Hills Ct, Harlingen, TX, 78550
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!