$550,000

406 S Fm 492 Mission, TX 78572

$6,531
Closing credit¹
5,544 sqft
0.5 acres
$99 / sqft
Multi-Family

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

Home typeMulti Family
HeatingCentral, Electric
StatusActive
CoolingCentral Air, Electric
Size5,544 sqft
Lot size0.5 Acres
Year built1997
ParkingNo Garage
MLS #458470

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: 3/13/2025, 5:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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aerial view

$550,000

406 S Fm 492

$6,531

closing credit¹

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0.5% sale price²

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.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $44,167. Residents of Mission, TX typically earn between $35k-100k each year. Residents typically live in married, with kids family. Typical level of education for residents in this area is high school diploma.

How much money do the neighbors make?

39%
<35k
46%
35k-100k
12%
100k-200k
3%
200k+

What level of education do the neighbors have?

No High School
High School Diploma
Post Secondary Degree
Masters Degree

What types of families live nearby?

15%
Single, No Kids
14%
Single, with Kids
23%
Married, No Kids
48%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

20%
<11 yrs old
13%
12-17 yrs old
26%
18-34 yrs old
34%
35-64 yrs old
7%
65+ yrs old

What do the neighbors do for fun?

  • Mexican League SoccerMexican League Soccer
  • BasketballBasketball
  • SoccerSoccer

Where do the neighbors shop?

  • BurlingtonBurlington
  • Ross Dress For LessRoss Dress For Less
  • Big LotsBig Lots

Where do the neighbors go to eat?

  • Church's ChickenChurch's Chicken
  • Jasons DeliJasons Deli
  • WingstopWingstop

What do the neighbors drive?

  • ChevroletChevrolet
  • AcuraAcura
  • NissanNissan

What do the neighbors listen to?

  • Urban Adult ContemporaryUrban Adult Contemporary
  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Christian Adult ContemporaryChristian Adult Contemporary
All data provided by Home Junction and Claritas

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.

Over 2 listings were sold over their listed price in February 2025 in Mission, TX. In the same period over 32 listings were sold below the listed price and 15 listings were sold for the listed price. The inventory of homes for sale in Mission, TX between January and February 2025 increased by 21.2%.

From Rocket Homes Real Estate and based on county public records data.

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