Pending

$1,600,000

221 Mile Rd, Mission, TX 78574

6beds

3baths

14,560sqft

$12,099/mo

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Apartment, Multi Family

Built in 1992

-- sqft lot

$-- Zestimate^®

$110/sqft

$-- HOA

What's special

Excellent multifamily investment opportunity in Palmview, TX. This fully occupied income producing property features 20 units, each offering 2 bedrooms and 1 bathroom. Conveniently located near shopping, restaurants, schools, and major roadways, this property offers strong rental potential in a rapidly expanding area of the Rio Grande Valley. The property presents an excellent opportunity for investors seeking steady cash flow, long-term appreciation, and a well positioned multifamily asset. Don’t miss the chance to add this fully occupied investment property to your portfolio. Call today for additional information or to schedule a private showing.

155 days
3
0

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 6
Bathrooms: 3

Heating

Has Heating (Unspecified Type)

Cooling

Electric

Appliances

Included: Electric Water Heater, Electric Cooktop, Refrigerator
Laundry: Laundry Area

Features

Ceiling Fan(s)
Flooring: Other, Tile

Interior area

Total structure area: 14,560
Total interior livable area: 14,560 sqft

Property

Parking

Total spaces: 20
Parking features: No Garage
Carport spaces: 20

Features

Exterior features: None
Fencing: None

Lot

Size: 2.69 Acres
Features: Irregular Lot

Details

Additional structures: Outbuilding (None)
Parcel number: P030000000001400

Construction

Type & style

Home type: MultiFamily
Property subtype: Apartment, Multi Family

Materials

Stucco
Foundation: Slab
Roof: Shingle

Condition

Year built: 1992

Utilities & green energy

Sewer: Public Sewer

Green energy

Energy efficient items: None

Community & HOA

Community

Features: None
Subdivision: Palm Acres Estate

HOA

Has HOA: No

Location

Region: Mission

Financial & listing details

Price per square foot: $110/sqft
Annual tax amount: $15,947
Date on market: 5/12/2026
Road surface type: Paved

Estimated market value

Not available

Estimated sales range

Not available

Price history

Date	Event	Price
8/23/2026	Pending sale	$1,600,000$110/sqft
Source: Greater McAllen AOR #504212 Report a problem
8/4/2026	Listed for sale	$1,600,000$110/sqft
Source: Greater McAllen AOR #504212 Report a problem
7/26/2026	Pending sale	$1,600,000$110/sqft
Source: Greater McAllen AOR #504212 Report a problem
5/12/2026	Listed for sale	$1,600,000-5.9%$110/sqft
Source: Greater McAllen AOR #504212 Report a problem
8/21/2024	Listed for sale	$1,700,000+54.5%$117/sqft
Source: Greater McAllen AOR #446842 Report a problem
7/9/2021	Sold	--
Source: Greater McAllen AOR #353018 Report a problem
6/7/2021	Pending sale	$1,100,000$76/sqft
Source: Greater McAllen AOR #353018 Report a problem
3/5/2021	Listed for sale	$1,100,000$76/sqft
Source: Greater McAllen AOR #353018 Report a problem

Public tax history

Tax history is unavailable.

Monthly payment

Est. payment

Payment breakdown

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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included

All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.

HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.

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Climate risks

Neighborhood: 78574

Getting around

44 / 100

Car-Dependent

45 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

4/10
Pearson Elementary School
Grades: PK-5Distance: 0.6 mi
6/10
White Junior High School
Grades: 6-8Distance: 1.9 mi
3/10
Mission High School
Grades: 9-12Distance: 2 mi

Schools provided by the listing agent

Elementary: Reyna
Middle: Garcia
High: Palmview H.S.
District: Mission 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.