Great Investment Property in Mercedes, TX! This 5 Unit Apartment Complex is the perfect fixer upper for any investor looking to maximize their cash flow portfolio! All units ara vacant as the interior of the property needs remodeling. Property already counts with a full roof replacement done in May 2024! Apartment Complex features 2 units composed of 3 bedrooms/2 baths & 3 units of 2 bedrooms/2 baths. Don't miss an opportunity to create a cash flowing asset for yourself!
Sold
Price Unknown
3117 Spanish Palms Dr S, Mercedes, TX 78570
12beds
10baths
5,252sqft
Multi Family
Built in 1998
-- sqft lot
$-- Zestimate®
$--/sqft
$1,036 Estimated rent
Home value
Not available
Estimated sales range
Not available
$1,036/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Samantha Reynoso 956-310-8868,
Luxoria Realty Llc
Source: Greater McAllen AOR,MLS#: 498583
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 12
- Bathrooms: 10
Heating
- Has Heating (Unspecified Type)
Cooling
- Central Air
Appliances
- Included: Electric Water Heater, Water Heater (Other Location), No Conveying Appliances
- Laundry: Laundry Area, Washer/Dryer Connection
Features
- Ceiling Fan(s)
- Flooring: Other, Tile
Interior area
- Total structure area: 5,252
- Total interior livable area: 5,252 sqft
Property
Parking
- Total spaces: 10
- Parking features: Other Garage or Carport
- Carport spaces: 10
Features
- Exterior features: None
- Fencing: Chain Link,Other,Privacy
Lot
- Size: 0.52 Acres
Details
- Additional structures: Outbuilding (None)
- Parcel number: S531000002000300
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Stucco
- Foundation: Slab
- Roof: Shingle
Condition
- Year built: 1998
Utilities & green energy
- Sewer: Septic Tank
- Water: Public
Green energy
- Energy efficient items: None
Community & HOA
Community
- Features: Curbs
- Subdivision: Spanish Palms
HOA
- Has HOA: No
Location
- Region: Mercedes
Financial & listing details
- Tax assessed value: $350,000
- Annual tax amount: $7,192
- Date on market: 3/19/2026
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 6/11/2026 | Sold | -- |
Source: Greater McAllen AOR #498583 Report a problem | ||
| 3/19/2026 | Pending sale | $199,000$38/sqft |
Source: Greater McAllen AOR #498583 Report a problem | ||
| 11/27/2025 | Listed for sale | $199,000$38/sqft |
Source: Greater McAllen AOR #443405 Report a problem | ||
| 11/6/2024 | Pending sale | $199,000$38/sqft |
Source: Greater McAllen AOR #443405 Report a problem | ||
| 10/21/2024 | Price change | $199,000-33.7%$38/sqft |
Source: Greater McAllen AOR #443405 Report a problem | ||
| 7/5/2024 | Listed for sale | $300,000+53.8%$57/sqft |
Source: Greater McAllen AOR #443405 Report a problem | ||
| 11/14/2023 | Listing removed | -- |
Source: Greater McAllen AOR #414580 Report a problem | ||
| 11/8/2023 | Price change | $195,000-33.9%$37/sqft |
Source: Greater McAllen AOR #414580 Report a problem | ||
| 10/1/2023 | Listed for sale | $295,000$56/sqft |
Source: Greater McAllen AOR #414580 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,193 +6.8% | $350,000 +7% |
| 2024 | $6,733 -9.2% | $327,191 -9.8% |
| 2023 | $7,415 +19.9% | $362,844 +25.5% |
| 2022 | $6,187 +23% | $289,076 +24.1% |
| 2021 | $5,030 | $232,986 -1.3% |
| 2020 | -- | $236,055 -1.2% |
| 2019 | $5,211 +7.7% | $238,983 +1.5% |
| 2018 | $4,840 | $235,500 +6.3% |
| 2017 | $4,840 +9.9% | $221,538 +10.5% |
| 2016 | $4,405 +25.9% | $200,485 +4.4% |
| 2015 | $3,500 | $192,048 +20.4% |
| 2014 | $3,500 | $159,475 -0.9% |
| 2013 | -- | $160,957 -0.9% |
| 2012 | -- | $162,439 +1.2% |
| 2011 | -- | $160,539 -0.9% |
| 2010 | -- | $162,021 -0.9% |
| 2009 | -- | $163,493 -0.2% |
| 2008 | -- | $163,848 +4.9% |
| 2007 | -- | $156,216 -0.3% |
| 2006 | -- | $156,647 -0.9% |
| 2005 | -- | $158,032 +3.1% |
| 2004 | -- | $153,278 +12.6% |
| 2003 | -- | $136,159 -0.8% |
| 2002 | -- | $137,323 |
| 2001 | -- | $137,323 -0.8% |
| 2000 | -- | $138,483 |
Find assessor info on the county website
Neighborhood: 78570
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Nearby schools
GreatSchools rating
- 3/10Santiago Garcia Elementary SchoolGrades: K-5Distance: 3.4 mi
- 4/10David Ybarra Fine Arts AcademyGrades: 6Distance: 3.8 mi
- 2/10Edcouch-Elsa High SchoolGrades: 9-12Distance: 3.9 mi
Schools provided by the listing agent
- Elementary: Santiago
- Middle: Ybarra
- High: Edcouch-Elsa H.S.
- District: Mercedes 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.
- Texas
- Hidalgo County
- Mercedes
- 78570
- 3117 Spanish Palms Dr S
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Nearby neighborhoods
Nearby zip codes
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