12-Unit Multifamily in Palmview, TX
TX · listed Jul 17, 2025 (468 days)
- $/unit
- $49,583
- ▼ 46% vs TX · 12th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 12
- 3 bldg · 1996
Financials
- Asking price
- $595,000
- Price per unit
- $49,583
- Price per sq ft
- $64
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- Not stated
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 12
- Unit mix
- Not stated
- Buildings
- 3
- Year built
- 1996
- Building size
- 9,276 sq ft
- Avg unit size
- 773 sq ft
- Lot size
- 1.95 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Jul 17, 2025
- Days on market
- 468 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1490
About this property
Discover a prime investment opportunity in Palmview, TX! This 12-unit apartment complex is perfectly located on a generous 1.95-acre lot, less than 0.3 miles from Hwy 83, ensuring access to local amenities in Mission and McAllen, TX. Each apartment offers comfortable living spaces that promote high occupancy rates, making this property an excellent addition to your investment opportunity portfolio. The current setup features all residential units in the back, while the front portion is ripe for potential rezoning to commercial use. Imagine constructing a vibrant commercial plaza that caters to the community's needs while enjoying steady residential income. With ample space available for further development, this property presents an ideal chance for forward-thinking investors to tap into the growing demands to tap into the growing demands for mixed-use spaces in the area. Don't miss this fantastic opportunity to own a versatile piece of real estate in a thriving Texas market!
Multifamily | 12 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
Owner financingNew construction | $975K | $81K$81K | — |
▼ 6% cut | $515K | $57K$57K | — |
Value-add | $340K | $49K$49K | 11.7%gy |
▼ 5% cutHigh yield | $525K | $58K$58K | 12.1%gy |
▼ 4% cut | $460K | $46K$46K | — |
Stabilized | $495K | $62K$62K | — |