Palmview Multifamily Homes & Duplexes for Sale
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$550,000
- 5,544 Sq Ft
406 S Farm To Market 492, Palmview, TX 78572
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
On average, homes in Palmview, TX sell after 85 days on the market compared to the national average of 49 days. The median sale price for homes in Palmview, TX over the last 12 months is $186,000, consistent with the median home sale price over the previous 12 months.
Housing Trends
In Palmview, there are currently 2 multi-family homes for sale, providing an appealing investment opportunity for buyers. With multi-family homes ranging from $550,000 to $975,000, there's something for every budget. As of May, 2025 the median home price in Palmview, Palmview is $240,000, while the average sale price is $210,853, providing insight into local market trends. On average, multi-family homes spend 85 days on the market before being sold. Multi-family homes encompass various property types, including duplexes, triplexes, fourplexes, and apartment complexes, all within a single building divided to accommodate multiple families living separately. These multi-family properties for sale offer investors the chance to generate rental income. Whether you're interested in a duplex for a starter investment or an apartment complex for a larger-scale venture, there are investment properties available to suit your needs. Explore the range of multi-family homes for sale in Palmview, Palmview.