Prime Multifamily Development Lot – Four plex Zoned & Ready! Attention builders and investors: secure this exceptional lot perfectly positioned at 703 Thompson Rd in Mission, TX. Zoned for multifamily use and sitting directly across the street from Escobar Rios Elementary School, this clear, flat, and turnkey plot is located in a high-demand rental corridor heavily driven by dense multifamily housing. City utilities are available making this a seamless, ground-up development opportunity for an investor looking to construct a high-yield fourplex asset. Available for a clean cash sale at $125,000, this property offers an elite chance to build and capture massive rental equity in a rapidly growing sub-market. Act fast—bring your builder and submit your cash offer today before this prime development site is gone!
Lot/land
$125,000
703 Thompson Rd, Mission, TX 78573
--beds
--baths
9,670Square Feet
Residential Lot, Unimproved Land
Built in ----
9,670 Square Feet Lot
$-- Zestimate®
$--/sqft
$20/mo HOA
What's special
- 159 days |
- 7 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Gilberto Gutierrez 956-534-4200,
Homestead Realty
Source: Greater McAllen AOR,MLS#: 496444
Facts & features
Property
Features
- Fencing: Wood
Lot
- Size: 9,670 Square Feet
- Features: Curb & Gutters
Details
- Parcel number: G390500000000600
Utilities & green energy
- Sewer: Public Sewer
- Water: Public, City
- Utilities for property: Cable Connected, City Garbage, Electricity Connected, Water Connected, Sewer Connected
Community & HOA
Community
- Features: Curbs, Street Lights
- Subdivision: Gilberto Gutierrez
HOA
- Has HOA: Yes
- HOA fee: $20 monthly
- HOA name: Tbd
Location
- Region: Mission
Financial & listing details
- Tax assessed value: $81,726
- Annual tax amount: $1,266
- Date on market: 2/21/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,087/mo
Price history
| Date | Event | Price |
|---|---|---|
| 2/21/2026 | Listed for sale | $125,000 |
Source: Greater McAllen AOR #496444 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $954 +20% | $37,139 +20% |
| 2024 | $795 +1.4% | $30,949 |
| 2023 | $785 -0.5% | $30,949 |
| 2022 | $788 | $30,949 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 78573
Nearby schools
GreatSchools rating
- 4/10Hilda C Escobar/Alicia C Rios Elementary SchoolGrades: PK-5Distance: 0.2 mi
- 4/10Alton Memorial Jr High SchoolGrades: 6-8Distance: 2.7 mi
- 3/10Mission High SchoolGrades: 9-12Distance: 2 mi
Schools provided by the listing agent
- Elementary: Escobar
- Middle: White Junior High
- High: Veterans Memorial 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.
- $125,0009,596.268 Square Feet705 Thompson Rd, Mission, TX 78573Lot/Land
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- $--3 bd2 ba1.1k sqft702 Thompson Rd #2, Mission, TX 78573Off Market
- $--2 bd1 ba800 sqft704 Thompson Rd APT 1, Mission, TX 78573Off Market
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A local agent can set up tours, give advice and negotiate with sellers.
A local lender can help you make sure your offer is ready when you are.
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