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$115,345

1002 E Monroe Ave, HARLINGEN, TX, 78550

Off MarketInfo
Baths0 Bath
Baths5,808 Sq Ft
price_per_sqft$44.59 / sqft
Year BuiltBuilt in 1947

Property Lead Type:

Absentee OwnerHigh Equity

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating GasHeating Gas

Exterior

Lot Size7,000 sqft

Building Information

Year Built1942
Stories2
Roof Type105

Land Information

APN24-1050-0030-0010-00
Lot Number1
SubdivisionTaylor Subdivision
Land UseResidential
Legal DescriptionHARLINGEN - TAYLOR LOT 1 BLK 3
Census Tract010900
Assessed Land Value$45,150
Assessed Improvement Value$79,011
Assessment Year2025

About this property

Exceptional value-add opportunity near Downtown Harlingen! This property includes two solid brick 2-story multifamily buildings at 1002 & 1006 E Monroe Ave, totaling 8 units (each 1 bed/1 bath). Building 1 offers 630 SF per unit, Building 2 offers 728 SF per unit. All units are vacant and ready for renovation. Each unit has its own electric meter. Situated on a 0.32-acre lot just east of Downtown, this property is ideal for an investor seeking to rehab and stabilize rents or redevelop for modern multifamily use. Offered AS-IS.

Investor Tools

Property Icon
$115,345
Estimated Property Value
$0Estimated Mortgage Balance
$115,345Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$1,554 /month
Positive
Cash Flow Estimate:
$518 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$234/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$2,234
$115,345
2025
$45,150
$79,011
$124,161
No

Tax History

Year
Tax Paid
Assessed Value
2025
$2,234
$115,345

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$115,345
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

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Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: HARLINGEN

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1002 E Monroe Ave | Property Details | No Agent List