708 Palmer Road, Mission, TX 78573
MULTI_FAMILY - Mission, TX
- Added:
- Jun 19, 2026
- Days on Market:
- 7
- Last Refresh:
- Jun 25 at 5:06 am
Property Features for 708 Palmer Road
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Parking
- 8
- Parking features
- Garage
- Patio and Porch features
- Patio
- Appliances
- Electric Water Heater, Dishwasher, Microwave, Stove/Range
- Standard status
- Active
- APN
- B22250000C004200
- Size
- 4,136 SF
- Lot size
- 0.23 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 13060
Utilities
- Heating system
- Central, Heat Pump (Heating)
- Cooling system
- Heat Pump, Central Air
Building Details
- Year built
- 2023
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Stone, Stucco
- Roof type
- Composition
Listing agent Blake Phillips (956) 566-6091
Listing office Encore Fine Properties 817 N Ware Road, McAllen, TX (956) 821-6170
Listing date Jun 19, 2026
Copyright © 2026 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.
HighLights
- Fully leased fourplex in Mission with all units rented
- Year built: 2023
- Units include appliances plus window blind shades
- Central heating and cooling with heat pump and central air
- Composition shingle roof and stucco/stone construction
- Garage parking and a patio
Overview
The building sits on a 0.2296-acre lot at 708 Palmer Road in Mission (Hidalgo County). The public remarks note convenient expressway access and that daily needs such as grocery, shopping, and dining are just minutes away.
For investors or owner-operators seeking a straightforward entry into multifamily ownership, this property is positioned as turnkey due to its fully leased status. Each unit’s inclusion of appliances and window blind shades reduces move-in friction and supports ongoing rental operations.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $58.1k | $14.04 |
| − Vacancy | −$6.4k | −$1.55 |
| EGI | $51.7k | $12.49 |
| − OpEx | −$15.5k | −$3.75 |
| NOI | $36.2k | $8.74 |
Alternative Uses
Current Use by Public Records
Map
- City
- Mission
- County
- Hidalgo
- State
- Texas
- Longitude
- -98.327314
- Latitude
- 26.250194
