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    407 S Minnesota Rd Mission, TX 78572

    For Sale
    $535,000

    Multi Family - Mission, TX

    Type:Multi Family
    Property size:
    4,940 SF
    Lot size:
    0.50 Acres
    Days on Market:
    295
    Last Refresh:
    Dec 9 at 11:06 pm

    Property Features for 407 S Minnesota Rd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Multi Family
    Standard status
    Active
    APN
    P295200000000500
    Parking features
    Garage
    Size
    4,940 SF
    Lot size
    0.50 Acres

    Utilities

    Heating system
    Central, Electric (Heating)

    Building Details

    Year built
    2004
    Number of units
    5
    Architectural style
    Other

    eXp Realty, LLC (888) 519-7431 [email protected]

    Listing agent Rene Flores (888) 519-7431

    Listing date Feb 18, 2025

    MLS# 461669 Listing URL

    Copyright © 2025 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mission, TX Multi-Family Investment

    This fully occupied 5-plex, located in Palmview, Mission, offers an investment opportunity with steady cash flow. The property features 2-bed, 2-bath units. 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. The property is located at 407 S Minnesota Road, Mission, TX 78572. The lot size is 0.5 acres, and the living area is 4940 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mission
    County
    Hidalgo
    State
    Texas
    Longitude
    -98.381174
    Latitude
    26.231599

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    FAQs

    What type of property is this?
    Apartment building - Fully occupied 5-plex in Mission, TX with immediate returns.
    Where is this apartment building located?
    The property is located at 407 S Minnesota Rd Mission, TX.
    What is the asking price?
    The asking price for this property is $535,000.
    What are key features of this property?
    This property features: - Fully occupied 5-plex providing steady cash flow and immediate returns.; - All units are 2-bed, 2-bath, appealing to a broad tenant base.; - Low tenant turnover maximizing investment stability.
    (888) 519-7431
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    407 S Minnesota Rd Mission, TX 78572
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