For sale

$535,000

407 S Minnesota Rd, Palmview, TX 78572

10beds

10baths

4,940sqft

Est.:

Multi Family

Built in 2004

-- sqft lot

$-- Zestimate^®

$108/sqft

$-- HOA

What's special

Investment Opportunity: 5-Plex at 407 S Minnesota, Palmview, Mission This fully occupied 5-plex offers steady cash flow with 2-bed, 2-bath units. A solid, income-generating asset for investors seeking growth. All units are leased, ensuring immediate returns. The well-maintained property offers a tranquil environment with low tenant turnover, maximizing investment stability. Situated in a desirable area with easy access to local amenities, this 5-plex is an ideal addition to any real estate portfolio. Don’t miss out on this income-producing property.

404 days

56

1

Tour with a local agent

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 10
Bathrooms: 10

Heating

Has Heating (Unspecified Type)

Cooling

Central Air, Electric

Appliances

Included: Electric Water Heater, Water Heater (Programmable thermostat), No Conveying Appliances
Laundry: Laundry Area

Features

Flooring: Tile
Windows: Solar Screens

Interior area

Total structure area: 4,940
Total interior livable area: 4,940 sqft

Property

Parking

Parking features: No Garage

Features

Exterior features: Other
Fencing: Wood

Lot

Size: 0.5 Acres

Details

Additional structures: Outbuilding (None)
Parcel number: P295200000000500

Construction

Type & style

Home type: MultiFamily
Property subtype: Multi Family

Materials

Brick
Foundation: Slab
Roof: Shingle

Condition

New construction: No
Year built: 2004

Utilities & green energy

Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available

Green energy

Energy efficient items: Thermostat

Community & HOA

Community

Features: Other
Subdivision: Palmview West

HOA

Has HOA: No

Location

Region: Palmview

Financial & listing details

Price per square foot: $108/sqft
Tax assessed value: $422,052
Annual tax amount: $11,356
Date on market: 2/13/2025
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

$1,334/mo

Price history

Date	Event	Price
2/13/2025	Listed for sale	$535,000$108/sqft
Source: Greater McAllen AOR #461669 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$10,504 -7.5%	$422,052 -6.3%
2024	$11,356 +1.4%	$450,297
2023	$11,200 +13.6%	$450,297 +23.7%
2022	$9,858 +24.1%	$364,024 +23.2%
2021	$7,943	$295,460 0%
2020	--	$295,605 -0.8%
2019	$8,084 +7.3%	$297,912 +7.5%
2018	$7,537	$277,065
2017	$7,537 +4%	$277,065 +3.4%
2016	$7,248 +11.7%	$267,912 +7.9%
2015	$6,489	$248,267 +3.7%
2014	$6,489	$239,465 -0.9%
2013	--	$241,548 -0.9%
2012	--	$243,631 -0.8%
2011	--	$245,718 -0.8%
2010	--	$247,801 0%
2009	--	$247,802 +4.6%
2008	--	$236,834 +6%
2007	--	$223,323 +0.7%
2006	--	$221,739 +1205.2%
2005	--	$16,989
2004	--	$16,989 +13%
2003	--	$15,029
2002	--	$15,029
2001	--	$15,029
2000	--	$15,029

Find assessor info on the county website

BuyAbility℠ payment

Est. payment

$3,692/mo

Principal & interest

$2689

Property taxes

$1003

More affordability tools

Climate risks

Neighborhood: 78572

Getting around

29 / 100

Car-Dependent

40 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

2/10
Leo J Leo Elementary School
Grades: PK-5Distance: 0.6 mi
4/10
Cesar Chavez Middle School
Grades: 6-8Distance: 2 mi
3/10
La Joya Palmview High School
Grades: 9-12Distance: 2.3 mi

Schools provided by the listing agent

Elementary: Leo
Middle: Chavez
High: Palmview H.S.
District: La Joya ISD

Source: Greater McAllen AOR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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