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1428 E Iris Ave, Mcallen, TX 78504

$535,000
•
  • —

    bed

  • —

    bath

  • 3,900

    Sqft ($137/Sqft)

Multi-family for sale 147 days
$14.9K price drop
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About 1428 E Iris Ave

Property type Multi-family
Neighborhood
Year built 2023
HOA fee $42/month
Lot size 9,856 Sqft
Movoto estimate
Rental estimate
Property description
Multi-family investment opportunity located at 1428 Iris Ave, McAllen, TX! Built in 2023, this modern four-unit property features an excellent unit mix with two spacious 3-bedroom, 2-bath units and two comfortable 2-bedroom, 2-bath units. Each apartment offers a sleek contemporary design with high ceilings, open-concept layouts, elegant quartz countertops, modern cabinetry, stylish finishes, and abundant natural light throughout. The kitchens are designed for both functionality and style, making these units highly attractive for tenants and owner-occupants alike. Conveniently located in the heart of McAllen near shopping, dining, schools, and major roadways, this property combines modern living with strong rental potential. Whether you are looking to expand your investment portfolio or live in one unit while generating income from the others, this is an outstanding opportunity you don’t want to miss!
Listed by
Listing Agent - Roberto Leal
Listing Office - Imperio Real Estate Llc
Source: Greater McAllen AOR mls logo
MLS#505314 • last updated 3 weeks ago
Movoto checked Greater McAllen AOR for data 52 minutes ago
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Overview
Cooling/AC Central Air
Heating Central
Levels/Style 1
SubType Quadruplex
Type Residential Income
Living Area 3900, Square Feet
Status Active
MLS # 505314
Lot Size (Acres) 0.2263
Lot Size (SqFt) 9855.8856
Property Tax 13099
HOA Fee Annually, 500
Year Built 2023
HOA Streamline Managment, 956-800-4442
Interior
Flooring Tile
Interior Features Other
Exterior
Roof Shingle
Exterior Features Other
Construction Stucco
Foundation Slab
# Carport Spaces 8
Parking Attached
# Covered Spaces 8
# Parking Spaces 8
Fencing Wood
Other Structures Outbuilding (Other)
Amenities / Utilities
Laundry Laundry Area
Green Features: Energy Efficient Other
Water Source Public
Location
County Hidalgo
Subdivision Park Terrace
Community Features None
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 On Nolana And Jackson Rd.
APN P375800000004300
Multifamily Details
# of Buildings 2
# of Separate Water Meters 4
# of Units Total 4
Maintenance Expense 700
Other Expense 500
Gross Income 57600
Insurance Expense 3400
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
  • 78504
  • 1428 E Iris Ave

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