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221 Mile 1 ¼ N Drive Palmview, TX $ 1,600,000
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$ 1,600,000 Get more info
221 Mile 1 ¼ N Drive
$ 1,600,000
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221 Mile 1 ¼ N Drive

Palmview, TX, 78572
$ 1,600,000
Baths0.0 Sq 14,560

Monthly Estimate*

$ 9,851

221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 1
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 2
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 3
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 4
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 5
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 6
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 7
221 Mile 1 ¼ N Drive, Palmview, TX 78572 - Image 8
Studio

Multi-Family Home for sale in Palmview, TX

for $1,600,000. This 14,560 square foot home was built in 1992 on a lot size of 2.6904.

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.

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Multi-Family Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,947

Style

Apartment

Lot Size

2.6904

Year Built

1992

Town/City

Palmview

County/Region

Hidalgo

MLS | Web ID

504212
Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Apartment
Tax Year 2021
Community Features None
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Palm Acres Estate
Status Active
Directions From Expressway 83 exit Bentsen Palm Rd go north on Bentsen Palm Rd to Mile 1 1/4/Rio Palm St turn right. Property will be on the right at end of street.
High School Palmview H.S.
City Palmview
High School District Mission ISD
Lot Size Units Acres
Lot Size Square Feet 117193.824
Elementary School Reyna
Tax Annual Amount 15947
Home Warranty Y/N false
Middle/Junior High School Garcia
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Mission ISD
Elementary School District Mission ISD
Legal Description PALM ACRES ESTATES LOTS 14 15 & 16
Freehold BBO VOW IDX
Living Area 14560
Cooling Electric
Roof Shingle
Appliances Electric Water Heater Electric Cooktop Refrigerator
Garage Spaces 0
Construction Materials Stucco
Year Built 1992
Stories Count 1
Energy Efficient None
Garage Y/N false
Carport Spaces 20
Carport Y/N true
Year Built Source HCAD
Heating Electric
Insurance Expense 0
Other Structures Outbuilding (None)
Gross Income 0
MaintenanceExpense 0
Number Of Units Total 20
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Other Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Area
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Exterior
Lot Size Area 2.6904
Lot Size Acres 2.6904
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Irregular Lot
Fencing None
Exterior Amenities None
Parking Features No Garage
Total Parking 20
Foundation Details Slab
Building Area Total 14560
Covered Spaces 20
Pool YN false
Number of Separate Water Meters 1
Number of Buildings 3
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* Excluded Features
List By
Candice Clayton

Listing Agent

Winners Circle

Broker

candicechristineclayton@gmail.com

Email

Affordability Calculator

$11,180
Per Month
88%
12%
0%
Monthly Principal & Interest
$9,851
Monthly Property Taxes
$1,329
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4390203 Elementary School
4230757 Middle School
Palmview H.S. High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/12/2026$1,600,000 Listed Price

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221 Mile 1 ¼ N Drive, Palmview, TX, 78572 is a Multi-Family Home for sale at $1,600,000 with 14,560 sqft and a lot size of 2.6904. 221 Mile 1 ¼ N Drive is a studio with 0.0 baths and was built in 1992. The property's zip code is 78572 which is in Palmview, TX

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