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122 W Washington Ave 9 Unit Apartment Building $320,000 ($35,556/Unit) 13.78% Cap Rate Harlingen, TX 78550
Executive Summary
9 units. One property. Strong value-add potential.
This 9-unit multifamily property presents an opportunity for investors looking to add a cash-flowing asset to their portfolio with room to increase rents and improve overall performance.
Located in the growing Rio Grande Valley, the property offers multiple income-producing units and the potential to create additional value through strategic management and improvements.
Ideal for:
• Investors looking to expand their multifamily portfolio
• Value-add buyers
• Long-term buy-and-hold investors
• Investors seeking multiple income streams under one roof
Opportunities like this are becoming harder to find in the RGV. Contact us for pricing, financials, rent roll, and additional property details.
This 9-unit multifamily property presents an opportunity for investors looking to add a cash-flowing asset to their portfolio with room to increase rents and improve overall performance.
Located in the growing Rio Grande Valley, the property offers multiple income-producing units and the potential to create additional value through strategic management and improvements.
Ideal for:
• Investors looking to expand their multifamily portfolio
• Value-add buyers
• Long-term buy-and-hold investors
• Investors seeking multiple income streams under one roof
Opportunities like this are becoming harder to find in the RGV. Contact us for pricing, financials, rent roll, and additional property details.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $320,000 | Apartment Style | Low-Rise |
| Price Per Unit | $35,556 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.32 AC |
| Cap Rate | 13.78% | Building Size | 4,000 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 9 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1945/2022 |
| Property Subtype | Apartment |
| Price | $320,000 |
| Price Per Unit | $35,556 |
| Sale Type | Investment |
| Cap Rate | 13.78% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 4,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1945/2022 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 4 | - | - |
| 2+1 | 2 | - | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Total Assessment | $212,351 (2026) | |
| Land Assessment | $74,176 (2026) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $138,175 (2026) | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$74,176 (2026)
Improvements Assessment
$138,175 (2026)
Total Assessment
$212,351 (2026)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Contact the Sale Advisor
122 W Washington Ave