Investment Opportunity – Fully Occupied Income Producing Duplex Discover an excellent investment opportunity at 418 E. Madison St., Harlingen, TX! This well maintained duplex features two income producing units, making it an ideal addition to any investor's portfolio or a great option for an owner occupant looking to offset mortgage costs with rental income. Conveniently located in the heart of Harlingen, the property offers easy access to downtown, shopping, dining, schools, medical facilities, and major roadways. Residents will appreciate being just minutes from local parks, the Harlingen Arts & Heritage Museum, Valley International Airport, and the city's growing retail and business districts. With strong rental potential in an established neighborhood, this duplex provides immediate cash flow and long-term investment value. Whether you're expanding your rental portfolio or purchasing your first investment property, this is an opportunity you won't want to miss.
For sale
Price cut: $6K (7/23)
$179,000
418 E Madison Ave, Harlingen, TX 78550
--beds
--baths
2,048sqft
:
Get pre-qualified$1,365/mo
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$87/sqft
$-- HOA
What's special
Well maintained duplexTwo income producing units
- 21 days |
- 320 |
- 19 |
Likely to sell faster than
Zillow last checked:
Listing updated:
Listed by:
Bertha De La Rosa 956-434-9723,
LEGACY REALTY GROUP RGV
Source: RGVMLS,MLS#: 29778155
Facts & features
Interior
Heating
- Central, Electric
Appliances
- Included: 2 or More Water Heaters Per Unit, Electric Water Heater
Interior area
- Total structure area: 2,048
- Total interior livable area: 2,048 sqft
Video & virtual tour
Property
Parking
- Parking features: No Garage, On Street
- Has uncovered spaces: Yes
Features
- Levels: Two
- Fencing: None
Lot
- Size: 7,000 Square Feet
- Features: None
Details
- Additional structures: None
- Parcel number: 1500000330005000
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Adobe
- Foundation: Slab
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Water Available
Green energy
- Energy efficient items: None
Community & HOA
Community
- Subdivision: Harlingen Original Townsite
Location
- Region: Harlingen
Financial & listing details
- Price per square foot: $87/sqft
- Tax assessed value: $140,363
- Annual tax amount: $2,287
- Date on market: 7/23/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/23/2026 | Price change | $179,000-3.2%$87/sqft |
Source:  RGVMLS #29778155 Report a problem | ||
| 3/28/2026 | Price change | $185,000-2.6%$90/sqft |
Source: RGVMLS #29765326 Report a problem | ||
| 11/7/2025 | Price change | $190,000-9.5%$93/sqft |
Source: RGVMLS #29765326 Report a problem | ||
| 7/8/2025 | Price change | $210,000-6.7%$103/sqft |
Source: Greater McAllen AOR #470331 Report a problem | ||
| 5/19/2025 | Listed for sale | $225,000+51%$110/sqft |
Source: Greater McAllen AOR #470331 Report a problem | ||
| 7/19/2022 | Sold | -- |
Source: RGVMLS #29733102 Report a problem | ||
| 5/5/2022 | Price change | $149,000-11.8%$73/sqft |
Source: RGVMLS #29733102 Report a problem | ||
| 4/20/2022 | Price change | $169,000-0.5%$83/sqft |
Source: RGVMLS #29733102 Report a problem | ||
| 4/14/2022 | Listed for sale | $169,900+324.8%$83/sqft |
Source: RGVMLS #29733102 Report a problem | ||
| 1/20/2015 | Listing removed | $39,999$20/sqft |
Source: Keller Williams - Lower Rio Grande Valley #52764 Report a problem | ||
| 1/7/2015 | Pending sale | $39,999$20/sqft |
Source: Keller Williams - Lower Rio Grande Valley #52764 Report a problem | ||
| 1/7/2015 | Listed for sale | $39,999$20/sqft |
Source: Keller Williams - Lower Rio Grande Valley #52764 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,287 +19.7% | $118,081 +20% |
| 2024 | $1,911 +17.5% | $98,401 +20% |
| 2023 | $1,627 -1.9% | $82,001 +12.5% |
| 2022 | $1,658 | $72,901 +6.7% |
| 2021 | -- | $68,351 |
| 2020 | -- | $68,351 +3.2% |
| 2019 | $1,572 +0.4% | $66,251 |
| 2018 | $1,565 -0.2% | $66,251 |
| 2017 | $1,568 +35.5% | $66,251 +35.3% |
| 2016 | $1,157 +14.1% | $48,956 +8.9% |
| 2015 | $1,014 | $44,972 |
| 2014 | $1,014 | $44,972 +6.5% |
| 2013 | -- | $42,225 -10% |
| 2012 | -- | $46,891 +4% |
| 2011 | -- | $45,092 |
| 2010 | -- | $45,092 +135.7% |
| 2009 | -- | $19,130 |
| 2008 | -- | $19,130 |
| 2007 | -- | $19,130 -4.4% |
| 2005 | $508 +0.6% | $20,002 |
| 2004 | $505 +0.7% | $20,002 |
| 2003 | $501 +1.6% | $20,002 |
| 2002 | $493 -0.1% | -- |
| 2001 | $494 +1.3% | -- |
| 2000 | $487 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 78550
Nearby schools
GreatSchools rating
- 4/10Travis Elementary SchoolGrades: PK-5Distance: 0.4 mi
- 6/10Vernon Middle SchoolGrades: 6-8Distance: 0.7 mi
- 4/10Harlingen High SchoolGrades: 9-12Distance: 1 mi
Schools provided by the listing agent
- Elementary: Travis
- Middle: Vernon
- High: Harlingen
- District: Harlingen C.I.S.D.
Source: RGVMLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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