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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
Bedrooms20 Baths20.0 Sq 24,000

Monthly Estimate*

$ 14,973

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Multi-Family Home for sale in Alamo, TX

for $2,400,000 with 20 bedrooms and 20 full baths. 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

20

Full Bath

20

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
Living Area 24000
Sewer City Sewer
Heating Central
Cooling Central Air
Utilities Cable Available
Possession Closing and Funding
Roof Composition Shingle
Appliances Electric Water Heater Water Heater (Laundry Room) Electric Cooktop Refrigerator
Garage Spaces 0
Patio/Porch Features Patio Patio Slab
Construction Materials Stone Stucco
Year Built 2017
Stories Count 1
Property Subtype Apartment
Tax Year 2024
Gross Income 18000
Community Features Sidewalks Street Lights
County Hidalgo
Insurance Expense 1250
Property Type Residential Income
HOA No
Energy Efficient None Other Thermostat
MaintenanceExpense 400
Subdivision Name Shea Estates
Garage Y/N No
Other Structures Office
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
Number Of Units Total 20
Lot Size Units Acres
Lot Size Square Feet 60547.9644
Carport Spaces 40
Carport Y/N Yes
Elementary School Santos Livas
Tax Annual Amount 35000
Home Warranty Y/N No
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
Year Built Source HCAD
Virtual Tour https://my.matterport.com/show/?m=36gSYUwTg22
Legal Description SHEA ESTATES LOT 1 & 2 & 5
Freehold BBO VOW IDX
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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 Yes
Heating Y/N Yes
Laundry Features Laundry Closet Washer/Dryer Connection
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Exterior
Exterior Amenities Sprinkler System
Fencing Decorative Metal
Parking Features Detached
Lot Features Alley Sidewalks Sprinkler System
Water Source Public
Total Parking 40
Lot Size Area 1.39
Foundation Details Slab
Number of Buildings 9
Building Area Total 24000
Lot Size Acres 1.39
Road Surface Type Paved
Covered Spaces 40
Number of Separate Water Meters 13
Irrigation Water Rights Y/N No
Pool YN No
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* Excluded Features
List By
Victor Fuentes

Listing Agent

Big Realty

Broker

victor@bigrealty.com

Email

Affordability Calculator

$17,890
Per Month
84%
16%
0%
Monthly Principal & Interest
$14,973
Monthly Property Taxes
$2,917
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% 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
3680488 Elementary School
4684051 Middle School
PSJA Memorial H.S. High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/15/2025$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 has 20 bedrooms, 20.0 baths, and was built in 2017. The property's zip code is 78516 which is in Alamo, TX

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