For sale

$535,000

407 S Minnesota Rd, Palmview, TX 78572

10beds

10baths

4,940sqft

$3,974/mo

Get pre-qualified

Multi Family

Built in 2004

-- sqft lot

$-- Zestimate^®

$108/sqft

$-- HOA

What's special

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.

543 days

25

2

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

$1,032/mo

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

Year	Property taxes	Tax assessment
2025	$10,504 -7.5%	$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

Monthly payment

Est. payment

Payment breakdown

Explore the cost of this home by adjusting the details. Changes won't be saved.

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.

Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.

See how much you could borrow to make a competitive offer.

Get pre-qualified

Climate risks

Neighborhood: 78572

Getting around

32 / 100

Car-Dependent

41 / 100

Somewhat Bikeable

Nearby schools

GreatSchools rating

2/10
Leo J Leo Elementary School
Grades: PK-5Distance: 0.6 mi
5/10
Cesar Chavez Middle School
Grades: 6-8Distance: 2 mi
3/10
La Joya Palmview High School
Grades: 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.