$690,000
8-Unit Multifamily in Palmview, TX
TX · listed Mar 7, 2025 (600 days)
Price per unit compared
This property$86K
Within ~40 mi (197)$81K
Texas median (1,196)$92K
- $/unit
- $86,250
- ▼ 6% vs TX · 45th pct
- Cap rate
- —
- Gross yield
- —
- Units
- 8
- 2 bldg · 1997
Financials
- Asking price
- $690,000
- Price per unit
- $86,250
- Price per sq ft
- $96
- 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
- All units are 2bedroom/1bath
- Buildings
- 2
- Year built
- 1997
- Building size
- 7,200 sq ft
- Avg unit size
- 900 sq ft
- Lot size
- 1 acres
- Condition
- Not stated
Deal terms
- Owner financing
- Not stated
Listing
- Listed
- Mar 7, 2025
- Days on market
- 600 days
- On MultifamilyRadar
- Oct 28, 2026
- Last price change
- Not stated
- Location
- Approximate (~0.5 mi)
- Listing #
- 2186
About this property
Great investment opportunity located in a great location with 8 apartments. The property has one 4-plex that was built in 2000 and another 4 plex built in 1997 totaling 8 units (7,200 SF). All units are 2bedroom/1bath approximately 940 SF (according to HCAD). If you are an investor looking to purchase a great income producing property, look no further! The subject site totals 1 acre with additional space to build more units in the future. Each unit is individually metered.
Multifamily | 8 Units
Location
Approximate area. The exact address is shared on request.
Similar buildings nearby
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 Mission, TXNew construction | $700K | $117K$117K | — |
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