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221 Mile 1 1/4 N Drive

Palmview, TX 78572
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Just listedJust listed
14,560 Sqft
2.69 Lot Acres
Multi-Family

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Description

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.

MLS#
GMARTX-504212
List Price
$1,600,000 ($110/Sqft.)
Listing Status
For Sale
Address
221 Mile 1 1/4 N Drive
City
Palmview
State
TX
Zip Code
78572
County
Hidalgo County
Subdivision
Palm Acres Estate
Property Type
Multi-Family
Garages
20 / Appraisal District
Stories
1
Building Size
14,560 Sqft/Appraisal District
Year Built
1992 /Appraisal District
Lot Size
2.69 Lot Acres/Appraisal District
LP / Acre
$594,707 / Acre

Exterior

Roof
Shingle
Exterior Type
Stucco
Parking
Garage
Dock
Yes

Interior

Cooling
Electric
Heating
Electric (Heating)
Appliances
Electric Water Heater, Electric Cooktop, Refrigerator

Lot Information

Lot Size
2.69 Lot Acres /Appraisal District
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Disclaimer: Lot configuration and dimensions are estimates, not based on personal knowledge and come from a third party (Digital Map Products); therefore, you should not rely on the estimates and perform independent confirmation as to their accuracy
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Listing Broker

Information source

Greater McAllen Association of Realtors®
Source last updated May 12, 2026 at 09:18 AM
Listing last updated May 11, 2026 at 02:40 AM
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Estimated Monthly Payments

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Principal & InterestTaxes30.4%69.6%
Listing TaxNumbers
Principal & Interest2,841
Taxes1,242
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Assigned schools

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Notice & Disclaimer
School information is computer generated and may not be accurate or current. Buyer must independently verify and confirm enrollment. Please contact the school district to determine the schools to which this property is zoned.
Copyright© 2026 , HOUSTON REALTORS® INFORMATION SERVICE, INC. All Rights Reserved. Data Not Verified/Guaranteed by MLS
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