406 S Fm 492 Mission, TX 78572
Property details
About 406 S Fm 492
Discover an incredible investment opportunity with this rare 6-plex in the Rio Grande Valley! Each of the six units offers 2 bedrooms and 1 bathroom, currently rented to long-term tenants at $750 per month. With rents unchanged for some time, there’s exciting potential to increase income, making this property even more appealing. Location is everything, and this property delivers! Situated just seconds from Highway 83, you’ll enjoy easy access to major areas. Plus, it’s within walking distance to Flores Elementary, making it a desirable spot for families. A 6-plex is a rare find in the RGV, and this one is perfect for investors seeking steady income with room to grow. Don’t miss out on this fantastic opportunity to own a multi-unit property in a prime location!
Highlights
Summary
- MLS Number: 458470
- MLS Name: McAllenTX
- Office Name: Fox Real Estate Pros
- Office Phone: (956) 280-0405
- Listing Agent: Erick Ochoa
Listing information provided by Greater McAllen Association of REALTORS MLS. Information is deemed to be reliable but is not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 3/14/2025, 3:15:56 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$550,000
406 S Fm 492
$6,531
closing credit¹
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Price information
Property sales
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Tax history
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Nearby schools
7
Henry B Gonzalez Elementary School
Public District PK-5
1.0 mi
•3912 E Expy 83
8
Guillermo Flores Elementary School
Public District PK-5
1.1 mi
•1913 Roque Salinas Rd
3
Leo J Leo Elementary School
Public District PK-5
1.2 mi
•1625 Roque Salinas Rd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $44,167. Typical income of Mission, TX residents is between $35k-100k annually. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
What level of education do the neighbors have?
What types of families live nearby?
Are the neighbors home owners or renters?
How old are people in this area?
What do the neighbors do for fun?
Mexican League Soccer
Basketball
Soccer
Where do the neighbors shop?
Burlington
Ross Dress For Less
Big Lots
Where do the neighbors go to eat?
Church's Chicken
Jasons Deli
Wingstop
What do the neighbors drive?
Chevrolet
Acura
Nissan
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
Christian Adult Contemporary
This home is located at 406 S Fm 492 in Mission, TX and zip code 78574. This 5,544 square foot home, which was built in 1997, sits on a 0.50 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since January 10, 2025 and is currently priced at $550,000.
While more than 2 listings in Mission, TX in February 2025 were sold above asking price, there were more than 15 listings sold at asking price, and more than 32 were sold below. Between January and February 2025, Mission, TX real estate market has seen increase in the number of listings by 21.2%.