Movoto Real Estate

1201 E Iris Ave, Mcallen, TX 78504

  • $975,000

  • bed

  • bath

  • 6,639

    Sqft ($147/Sqft)

Multi-family for sale 32 days
Movoto is helping 95 homebuyers near you

About 1201 E Iris Ave

Property type Multi-family
Neighborhood
Year built 2024
HOA fee $50/month
Lot size 0.41 Acre
Movoto estimate
Rental estimate
Property description
Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.
Listed by
Listing Agent - Yessenia Garcia
Listing Office - Winners Circle
Source: Greater McAllen AOR mls logo
MLS#509959 • last updated 1 month ago
Movoto checked Greater McAllen AOR for data 29 minutes ago
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Overview
Levels/Style 1
SubType Multi Family
Type Residential Income
Living Area 6639, Square Feet
Status Active
MLS # 509959
Lot Size (Acres) 0.41
Lot Size (SqFt) 17860.0356
Property Tax 16027
HOA Fee Annually, 600
Year Built 2024
HOA TBD
Interior
Flooring Tile
Exterior
Roof Shingle
Exterior Features Other
Construction Stucco
Foundation Slab
# Carport Spaces 8
Parking No Garage
# Covered Spaces 8
# Parking Spaces 8
Patio and Porch Features Patio
Fencing Wood
Other Structures Outbuilding (None)
Amenities / Utilities
Green Features: Energy Efficient Thermostat
Sewer City Sewer
Water Source Public
Security Features Smoke Detector(s)
Location
County Hidalgo
Subdivision Park Terrace
Elementary School Milam
High School Memorial H.S.
Middle School District McAllen ISD
Elementary School District McAllen ISD
Middle School Cathey
High School District McAllen ISD
Directions Jackson & Jonquil - Go North Nolana And Turn Right To Jackson Rd. Drive One Block And Turn To Jonquil Ave. New Subdivision - Park Terrace.
APN P375800000005800
Multifamily Details
# of Buildings 3
# of Separate Water Meters 6
# of Units Total 6
Maintenance Expense 3000
Gross Income 100800
Insurance Expense 5000
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

Around Park Terrace

Explore everything this neighborhood has to offer.
46/100
Walk
96/100
Family
86/100
Dining
91/100
Pet
  • Real Estate
  • TX
  • Hidalgo County
  • Mcallen
  • 78504
  • 1201 E Iris Ave

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