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
- Flooring Type: Other
- Interior: Other
- Parking: No Garage
- Exterior: None
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $550,000
- Price/SqFt: $99
- Lot: Corner Lot
- Directions: Google Flores Elementary at 1913 Roque Salinas Rd, Mission, TX 78572 and property will be just in front of it. Less than a block away from the expressway.
- Year Built: 1997
- Stories: 1
- Living Area: 5,544 SqFt
- Lot Size: 0.5 Acres
- 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: 7/28/2025, 8:45:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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. The majority of Mission, TX residents have income between $35k-100k annually. Residents typically live in married, with kids family. Most residents in this area have high school diploma education.
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
Frequently asked questions
About 406 S Fm 492
The listing price of 406 S Fm 492 property is $550,000.
The property 406 S Fm 492 is a multi located in Mission, Texas, 78572.
Active Listing: 406 S Fm 492 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 406 S Fm 492 are: Henry B Gonzalez Elementary School (GreatSchools Rating 7/10), Guillermo Flores Elementary School (GreatSchools Rating 8/10), Leo J Leo Elementary School (GreatSchools Rating 3/10), Ann Richards Middle School (GreatSchools Rating 7/10), Cesar Chavez Middle School (GreatSchools Rating 6/10), Irene M Garcia Middle School (GreatSchools Rating 6/10), Premier High School of Palmview (GreatSchools Rating 6/10), La Joya Palmview High School (GreatSchools Rating 3/10), Idea College Preparatory Mission (GreatSchools Rating 6/10).
The property 406 S Fm 492 is 5,544 SqFt (source: MLS/tax record).
The year of construction for 406 S Fm 492 is 1997.
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.
Mission, TX housing market in June 2025 saw over 7 listings sold above listed price, more than 13 sold at listed price and over 39 sold below. The number of homes for sale in Mission, TX increased by 9.5% between May and June 2025. In June 2025 median list price was $247,500 and the average listing age was 94 days.