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1408 E Iris Ave, Mcallen, TX 78501

  • $565,000

    •

  • —

    bed

  • —

    bath

  • 4,500

    Sqft ($126/Sqft)

Multi-family for sale 130 days
$55K price drop
Movoto is helping 95 homebuyers near you

About 1408 E Iris Ave

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $42/month
Lot size 10,289 Sqft
Movoto estimate
Rental estimate
Property description
Modern fourplex in a gated community with controlled access. The property consists of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, providing an ideal mix for strong rental demand. Each unit features a modern design and comes fully equipped with washer, dryer, microwave, stove, and refrigerator. Contemporary finishes, functional layouts, and quality construction make this a low-maintenance asset built for long-term performance. Located in an amazing area close to the expressway, shopping centers, restaurants, hospitals, and schools, this property offers convenience and strong tenant appeal. Situated within a gated community, it provides added privacy and security. Whether you're an investor seeking a turnkey, cash-flowing asset or a first-time buyer looking to offset your mortgage with rental income, this fourplex presents a rare opportunity in one of McAllen’s most desirable locations.
Listed by
Listing Agent - Denyss Alanis
Listing Office - Blue Diamond Realty Group Llc
Source: Greater McAllen AOR mls logo
MLS#494685 • last updated 1 month ago
Movoto checked Greater McAllen AOR for data 20 minutes ago
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Overview
Cooling/AC Central Air
Heating Central
Levels/Style 1
SubType Quadruplex
Type Residential Income
Living Area 4500, Square Feet
Status Active
MLS # 494685
Lot Size (Acres) 0.2362
Lot Size (SqFt) 10288.872
Property Tax 12859
HOA Fee Annually, 500
Year Built 2023
HOA Streamline Management, 956-800-4442
Interior
Flooring Tile
Exterior
Roof Shingle
Exterior Features Sprinkler System
Foundation Slab
# Carport Spaces 8
Parking Garage Faces Rear
# Covered Spaces 8
# Parking Spaces 8
Patio and Porch Features Patio Slab
Fencing Wood
Other Structures Outbuilding (None)
Amenities / Utilities
Green Features: Energy Efficient None
Sewer City Sewer
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
APN P375800000003800
Multifamily Details
# of Buildings 2
# of Separate Water Meters 5
# of Units Total 4
Gross Income 5200
Insurance Expense 1795
Lot/ Land Details
Road Surface Paved
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Source: GreatSchools.org © 2026. All rights reserved.

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  • Real Estate
  • TX
  • Hidalgo County
  • Mcallen
  • 78501
  • 1408 E Iris Ave

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