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731 N Tower Road Alamo, TX $ 2,400,000
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$ 2,400,000 Get more info
731 N Tower Road
$ 2,400,000
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Share Save

731 N Tower Road

Alamo, TX, 78516
$ 2,400,000
Baths0.0 Sq 24,000

Monthly Estimate*

$ 14,777

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View a Virtual Tour
Studio

Multi-Family Home for sale in Alamo, TX

for $2,400,000. This 24,000 square foot home was built in 2017 on a lot size of 1.39.

Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.

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Multi-Family Active

Price

$ 2,400,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 35,000

Style

Apartment

Lot Size

1.39

Year Built

2017

Town/City

Alamo

County/Region

Hidalgo

MLS | Web ID

467850
Features
General
Sewer City Sewer
Utilities Cable Available
Possession Closing and Funding
Property Subtype Apartment
Tax Year 2024
Community Features Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Shea Estates
Status Active
Directions N on Tower Road. To the West side before the first stop sign.
High School PSJA Memorial H.S.
City Alamo
High School District PSJA ISD
Lot Size Units Acres
Lot Size Square Feet 60547.9644
Elementary School Santos Livas
Tax Annual Amount 35000
Home Warranty Y/N false
Middle/Junior High School Vela
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District PSJA ISD
Elementary School District PSJA ISD
Legal Description SHEA ESTATES LOT 1 & 2 & 5
Freehold BBO VOW IDX
Living Area 24000
Cooling Central Air
Roof Composition Shingle
Appliances Electric Water Heater Water Heater (Laundry Room) Electric Cooktop Refrigerator
Garage Spaces 0
Construction Materials Stone Stucco
Year Built 2017
Stories Count 1
Energy Efficient None Other Thermostat
Garage Y/N false
Carport Spaces 40
Carport Y/N true
Year Built Source HCAD
Heating Central
Patio/Porch Features Patio Patio Slab
Insurance Expense 1250
Other Structures Office
Gross Income 18000
MaintenanceExpense 400
Number Of Units Total 20
Virtual Tour https://my.matterport.com/show/?m=36gSYUwTg22
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Interior
Interior Amenities Ceiling Fan(s) Dryer Microwave Split Bedrooms Walk-In Closet(s) Washer
Flooring Porcelain Tile Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Closet Washer/Dryer Connection
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Exterior
Water Source Public
Lot Size Area 1.39
Lot Size Acres 1.39
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Alley Sidewalks Sprinkler System
Fencing Decorative Metal
Exterior Amenities Sprinkler System
Parking Features Detached
Total Parking 40
Foundation Details Slab
Building Area Total 24000
Covered Spaces 40
Pool YN false
Number of Separate Water Meters 13
Number of Buildings 9
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* Excluded Features
List By
Victor Fuentes

Listing Agent

Big Realty

Broker

victor@bigrealty.com

Email

Affordability Calculator

$17,694
Per Month
84%
16%
0%
Monthly Principal & Interest
$14,777
Monthly Property Taxes
$2,917
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
PSJA Memorial H.S. High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$2,400,000 Listed Price

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731 N Tower Road, Alamo, TX, 78516 is a Multi-Family Home for sale at $2,400,000 with 24,000 sqft and a lot size of 1.39. 731 N Tower Road is a studio with 0.0 baths and was built in 2017. The property's zip code is 78516 which is in Alamo, TX

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