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221 Mile 1 N Drive, Palmview, TX 78572

Palmview
Local realty services provided by:CENTURY 21 Johnston Company
221 Mile 1 N Drive,Palmview, TX 78572
$1,600,000
  • - Beds
  • - Baths
  • 14,560 sq. ft.
  • Multi-family
  • Active
Listed by: candice clayton
Office: winners circle
MLS#:504212
Source:TX_GMAR

Price summary

  • Price:$1,600,000
  • Price per sq. ft.:$109.89

About this home

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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Home facts

  • Year built:1992
  • Listing ID #:504212
  • Added:1 day(s) ago
  • Updated:May 12, 2026 at 10:36 AM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Cooktop, Electric Water Heater, Refrigerator
  • Living area:14,560 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Electric
  • Heating:Electric

Structure and exterior

  • Roof:Shingle
  • Year built:1992
  • Building area:14,560 sq. ft.
  • Lot Features:Irregular Lot
  • Construction Materials:Stucco
  • Foundation Description:Slab

Schools

  • High school:Palmview H.S.
  • Middle school:Garcia
  • Elementary school:Reyna

Utilities

  • Water:Electric Water Heater
  • Sewer:City Sewer

Finances and disclosures

  • Price:$1,600,000
  • Price per sq. ft.:$109.89
  • Tax amount:$15,947

Features and amenities

  • Appliances:Refrigerator
  • Laundry features:Laundry Area

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