MULTIFAMILYRADAR
12-Unit Multifamily in Palmview, TX, photo 1
$595,000

12-Unit Multifamily in Palmview, TX

TX · listed Jul 17, 2025 (468 days)

Price per unit compared
This property$50K
Within ~40 mi (195)$81K
Texas median (1,196)$92K
$/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.

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