1 / 25-Unit Multifamily in Palmview, TX
Hidalgo County, TX · listed Dec 6, 2024 (691 days)
- $/unit
- $79,800
- ▼ 20% vs TX · 31st pct
- Cap rate
- 7.5%
- ▲ 0.2 pts vs TX median
- Gross yield
- —
- Units
- 5
- 1 bldg · 2005
Financials
- Asking price
- $399,000
- Price per unit
- $79,800
- Price per sq ft
- $133
- Gross rent / year
- Not stated
- Net operating income
- Not stated
- NOI per unit
- Not stated
- Cap rate
- 7.5%
- Gross yield
- Not stated
- Occupancy
- Not stated
As stated by the seller. Verify during due diligence.
Building
- Units
- 5
- Unit mix
- 2 UNITS ARE STUDIOS (OPEN CONCEPT) EACH ONE FULL BATHROOM, 2 UNITS ARE 1 BEDROOM, 1 BATH, & 1 UNIT IS 2 BEDS, 1 BATH
- Buildings
- 1
- Year built
- 2005
- Building size
- 3,000 sq ft
- Avg unit size
- 600 sq ft
- Lot size
- 0.73 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Dec 6, 2024
- Days on market
- 691 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 1800
About this property
JUST REDUCED! NICE 5PLEX FOR SALE, 2 UNITS ARE STUDIOS (OPEN CONCEPT) EACH ONE FULL BATHROOM, 2 UNITS ARE 1 BEDROOM, 1 BATH, & 1 UNIT IS 2 BEDS, 1 BATH, MONTHLY RENT INCOME IS $3,650+, BIG 0.75 (3/4) ACRE LOT, ROOM FOR ONE MORE BUILDING, INCLUDES 8 SECURITY CAMERAS WITH SALE, AC MINI SPLITS IN EVERY UNIT, RENT INCLUDES WATER & TRASH COLLECTION, TENANTS PAY FOR ELECTRICITY WITH EACH UNIT HAS AN ELECTRIC METER. 5PLEX WELL LOCATED IN A CORNER LOT ON ABRAMS RD & EL BARQUITO ST. PALMVIEW, TX. QUICK ACCESS TO EXP 83, AND CLOSE TO HEB, FOOD ESTABLISHMENTS, AND MANY MORE! BUILDING & UNITS ARE IN GOOD CONDITION, GOOD INVESTMENT OPPORTUNITY, INCOME PRODUCING PROPERTY! CAP RATE @ 7.5%.
Multifamily | 5 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
| Property | Price | $/unit$/unit vs median | Cap |
|---|---|---|---|
 Palmview, TXStabilized | $495K | $62K$62K | — |
 Palmview, TXOwner financingNew construction | $975K | $81K$81K | — |
 Mission, TXStabilized | $535K | $107K$107K | — |
 Mission, TX▼ 5% cutHigh yield | $525K | $58K$58K | 12.1%gy |
 Mission, TX▼ 4% cut | $460K | $46K$46K | — |
 Palmview, TX | $595K | $50K$50K | — |