MULTIFAMILYRADAR
8-Unit Multifamily in Palmview, TX, photo 11 / 3
Stabilized
$495,000

8-Unit Multifamily in Palmview, TX

Hidalgo County, TX · listed Feb 26, 2025 (609 days)

Price per unit compared
This property$62K
Within ~40 mi (181)$81K
Texas median (1,196)$92K
$/unit
$61,875
▼ 33% vs TX · 23rd pct
Cap rate
—
 
Gross yield
—
 
Units
8
2 bldg · 1999

Financials

Asking price
$495,000
Price per unit
$61,875
Price per sq ft
$62
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
8
Unit mix
eight 2-bedroom, 1-bath units
Buildings
2
Year built
1999
Building size
8,038 sq ft
Avg unit size
1,005 sq ft
Lot size
0.27 acres
Condition
Stabilized

Deal terms

Owner financing
Not stated

Listing

Listed
Feb 26, 2025
Days on market
609 days
On MultifamilyRadar
Oct 28, 2026
Last price change
Not stated
Location
Approximate (~0.5 mi)
Listing #
1881

About this property

INCOME PRODUCING Investment Opportunity! This well-maintained 8-plex features spacious and inviting 2-bedroom, 1-bathroom units, each thoughtfully designed for comfort and convenience. Property Highlights: 8 total units, all currently leased, except Unit #8 (vacant and ready to show!). Also feature all-wood cabinetry and tile flooring throughout, Kitchen appliances included, two designated parking spaces per unit (16 total covered spaces), Individual water meters and electric meters, tenants pay all utilities, Landlord pays only landscaping and dumpster service ($300/month total), zoned near top-rated schools and close to the expwy for easy commuting. Rental increases up to $795/month can be implemented on three units over the next 2–4 months, offering immediate upside. Whether you're an experienced investor or just entering the market, this 8-plex offers excellent cash flow, strong tenant appeal, and future growth potential.

Multifamily | 8 Units

Location

Approximate area. The exact address is shared on request.

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