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.
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
- 389 days |
- 55 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: March 05, 2026 at 10:49am
Listed by:
Rene Flores 956-250-2084,
Exp Realty Llc
Source: Greater McAllen AOR,MLS#: 461669
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
$1,198/mo
Price history
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
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | -- | $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
$3,566/mo
Principal & interest
$2563
Property taxes
$1003
Climate risks
Neighborhood: 78572
Nearby schools
GreatSchools rating
- 5/10Leo J Leo Elementary SchoolGrades: PK-5Distance: 0.6 mi
- 6/10Cesar Chavez Middle SchoolGrades: 6-8Distance: 2 mi
- 3/10La Joya Palmview High SchoolGrades: 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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