Prime Multifamily Development Lot – Fourplex Zoned & Ready! Attention builders and investors: secure this exceptional lot perfectly positioned at 705 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
705 Thompson Rd, Mission, TX 78573
--beds
--baths
9,596Square Feet
Residential Lot, Unimproved Land
Built in ----
9,596 Square Feet Lot
$-- Zestimate®
$--/sqft
$20/mo HOA
What's special
- 73 days
- 6
- 0
Zillow last checked:
Listing updated:
Listed by:
Gilberto Gutierrez 956-534-4200,
Homestead Realty
Source: Greater McAllen AOR,MLS#: 496441
Facts & features
Property
Features
- Fencing: Wood
Lot
- Size: 9,596 Square Feet
- Features: Curb & Gutters
Details
- Parcel number: G390500000000500
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: $81,077
- Annual tax amount: $1,266
- Date on market: 7/7/2026
- Electric utility on property: Yes
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 7/7/2026 | Listed for sale | $125,000-2.3% |
Source: Greater McAllen AOR #496441 Report a problem | ||
| 6/14/2026 | Listing removed | $128,000 |
Source: Greater McAllen AOR #496441 Report a problem | ||
| 5/10/2026 | Price change | $128,000+2.4% |
Source: Greater McAllen AOR #496441 Report a problem | ||
| 2/21/2026 | Listed for sale | $125,000 |
Source: Greater McAllen AOR #496441 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $947 +20% | $36,845 +20% |
| 2024 | $789 +1.4% | $30,704 |
| 2023 | $778 -0.5% | $30,704 |
| 2022 | $782 | $30,704 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: 78573
Nearby schools
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.




