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Palmview Multifamily Home for Sale

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    $550,000

    • 5,544 Sq Ft

    406 S Farm To Market 492, Palmview, TX 78572

    Discover an incredible investment opportunity with this rare 6-plex in the Rio Grande Valley! Each of the six units offers 2 bedrooms and 1 bathroom, currently rented to long-term tenants at $750 per month. With rents unchanged for some time, there’s exciting potential to increase income, making this property even more appealing.Location is everything, and this property delivers! Situated

    Erick Ochoa Fox Real Estate Pros

    406 S Farm To Market 492, Palmview, TX 78572

Why Live in Palmview

Palmview, located a few miles from the Mexican border in Hidalgo County, is home to 17,000 residents who enjoy affordable homes on spacious lots and a variety of things to do. The neighborhood features contemporary Spanish Revival-style houses and traditional midcentury-era ranch-style homes, often on roomy lots with local plant life and mature trees. The streets are wide, allowing for afternoon walks and bike rides, though sidewalks are limited. Interstate 2 provides access to McAllen, 10 miles east, and Rio Grande, 30 miles west, with McAllen International Airport 11 miles away offering flights to major cities. Local amenities include grocery shopping at H-E-B and La Victoria Meat Market, with additional shopping in nearby McAllen. Dining options in Palmview include Fresco Green Deli and Peter Piper Pizza. For outdoor activities, residents visit Bentsen-Rio Grande Valley State Park in Mission, known for its birdwatching, and Palmview Municipal Park for its playground and grassy fields. The city hosts seasonal events like Christmas tree lighting, Fourth of July fireworks, and the family-oriented CommUNITY Fest in the spring.

Home Trends in Palmview, TX

Housing Trends

Median Sale Price
$255,000
Median 1 Bedroom Sale Price
$255,000
Average Price Per Sq Ft
$701
Number of Homes for Sale
1
Last 12 months Home Sales
2
Months of Supply
6.00
Median List Price
$265,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-24%
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