Property details
About 407 S Minnesota Rd
Investment Opportunity: 5-Plex at 407 S Minnesota, Palmview, Mission This fully occupied 5-plex offers steady cash flow with 2-bed, 2-bath units. A solid, income-generating asset for investors seeking growth. All units are leased, ensuring immediate returns. The well-maintained property offers a tranquil environment with low tenant turnover, maximizing investment stability. Situated in a desirable area with easy access to local amenities, this 5-plex is an ideal addition to any real estate portfolio. Don’t miss out on this income-producing property.
Highlights
Summary
- Appliances: Dryer, Microwave, Electric Water Heater
- Flooring Type: Tile
- Parking: No Garage
- Exterior: Other
- Heating: Central, Electric
- Cooling: Central Air, Electric
- List Price: $535,000
- Price/SqFt: $108
- Annual Tax Amount: $12,194
- Tax Year: 2023
- Directions: To reach 407 S Minnesota Ave, Mission, TX 78572, follow these directions: Starting from Edinburg, TX: Head west on US-83 W toward Mission. Continue on US-83 W for approximately 15 miles. Approaching Mission: Take the exit toward Los Ebanos Rd from US-83 W. Merge onto Frontage Rd. Turn left onto Los Ebanos Rd. Final Steps: Continue on Los Ebanos Rd for about 1 mile. Turn right onto S Minnesota Ave. Your destination, 407 S Minnesota Ave, will be on the left. Please note that 407 S Minnesota Ave is located in Mission, not Palmview. Ensure you are heading to the correct city to avoid any confusion.
- Year Built: 2004
- Stories: 1
- Living Area: 4,940 SqFt
- Lot Size: 0.5 Acres
- MLS Number: 461669
- MLS Name: McAllenTX
- Office Name: eXp Realty LLC
- Office Phone: (888) 519-7431
- Listing Agent: Rene Flores
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
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $450,297 | $12,194 |
History based on county public records data.
Nearby schools
3
Leo J Leo Elementary School
Public District PK-5
0.9 mi
•1625 Roque Salinas Rd
8
Guillermo Flores Elementary School
Public District PK-5
0.9 mi
•1913 Roque Salinas Rd
8
E B Reyna Elementary School
Public District PK-5
1.0 mi
•900 E Veterans Blvd
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 most common annual income of people living in Mission, TX is between $35k-100k. Typical family type is 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
Frequently asked questions
About 407 S Minnesota Rd
The listing price of 407 S Minnesota Rd property is $535,000.
The property 407 S Minnesota Rd is a multi located in Mission, Texas, 78572.
Active Listing: 407 S Minnesota Rd is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 407 S Minnesota Rd are: Leo J Leo Elementary School (GreatSchools Rating 3/10), Guillermo Flores Elementary School (GreatSchools Rating 8/10), E B Reyna Elementary School (GreatSchools Rating 8/10), Irene M Garcia Middle School (GreatSchools Rating 6/10), Ann Richards Middle School (GreatSchools Rating 7/10), Memorial Middle School (GreatSchools Rating 7/10), 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).
According to the records, the last property tax for 2023 is $12,194 (source: MLS/based on county public records data).
The property 407 S Minnesota Rd is 4,940 SqFt (source: MLS/tax record).
The year of construction for 407 S Minnesota Rd is 2004.
This home is located at 407 S Minnesota Rd in Mission, TX and zip code 78574. This 4,940 square foot home, which was built in 2004, sits on a 0.50 acre lot. Features: 0 bathroom. It has been listed on Rocket Homes since February 13, 2025 and is currently priced at $535,000.
In June 2025, from all listings sold in Mission, TX there were more than 7 sold above asking price, over 39 sold below and more than 13 were sold right at the asked price. The number of listings 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.