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1016 Palm Drive Alamo, TX $ 499,000
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1016 Palm Drive
$ 499,000
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New Construction
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1016 Palm Drive

Alamo, TX, 78516
$ 499,000
Baths0.0 Sq 4,312

Monthly Estimate*

$ 3,072

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Studio

Multi-Family Home for sale in Alamo, TX

for $499,000. This 4,312 square foot home was built in 2025 on a lot size of 0.2387.

Discover this stunning brand-new 4-plex, now complete and ready to lease in the heart of Alamo! Each unit features a sleek, modern design with a spacious open-concept layout and 3 full bedrooms, perfect for families, professionals, or anyone needing extra space for a home office, gym, or playroom. Large windows throughout the units bring in abundant natural light, enhancing the bright and welcoming atmosphere. Every unit also includes two beautifully finished bathrooms with contemporary fixtures and clean, elegant finishes. Enjoy the convenience of being close to Expressway 83, top-rated schools, shopping, and local dining. With its modern appeal, prime location, and strong rental demand, this 4-plex presents a high-yield investment opportunity and is ideal for securing reliable tenants quickly. Don’t miss your chance to own this exceptional, fully finished, and move-in-ready property!

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Multi-Family Active

Price

$ 499,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 1

Style

Quadruplex

Lot Size

0.2387

Year Built

2025

Town/City

Alamo

County/Region

Hidalgo

MLS | Web ID

487060
Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Quadruplex
Tax Year 2025
Community Features Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Riverside Tower & 495 Subdivision Phase A
Status Active
Directions Tower road and 495
High School Donna H.S.
City Alamo
High School District Donna ISD
Lot Size Units Square Feet
Lot Size Square Feet 10399.95
Elementary School Salinas
Tax Annual Amount 1
Home Warranty Y/N false
Middle/Junior High School Sauceda
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Donna ISD
Elementary School District Donna ISD
Legal Description RIVERSIDE TOWER & 495 PH A LOT 11
Freehold BBO VOW IDX
Property Condition New Construction
Living Area 4312
Cooling Central Air
Roof Shingle
Appliances Electric Water Heater Dryer Oven-Microwave Refrigerator Stove/Range-Electric Smooth Washer
Garage Spaces 0
Construction Materials Stucco
Year Built 2025
Stories Count 1
New Construction true
Energy Efficient Thermostat
Garage Y/N false
Carport Spaces 8
Carport Y/N true
Year Built Source Builder
Heating Central
Patio/Porch Features Patio
Insurance Expense 1800
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 52200
MaintenanceExpense 2200
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s) Dryer Microwave Walk-In Closet(s) Washer
Flooring 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 10399.95
Lot Size Acres 0.2387
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Sidewalks Sprinkler System
Fencing Privacy Wood
Exterior Amenities Sprinkler System
Parking Features Garage Faces Front Detached
Total Parking 8
Foundation Details Slab
Building Area Total 4312
Lot Dimensions 130x80
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 1
Other Equipment 1 Year Warranty
Number of Buildings 2
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* Excluded Features
List By
Bryanna Hernandez

Listing Agent

Imperio Real Estate Llc

Broker

bryannahdzrealtor@gmail.com

Email

Affordability Calculator

$3,073
Per Month
100%
0%
0%
Monthly Principal & Interest
$3,072
Monthly Property Taxes
$0
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
3057747 Elementary School
3057372 Middle School
Donna H.S. High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/18/2026$499,000 Listed Price

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1016 Palm Drive, Alamo, TX, 78516 is a Multi-Family Home for sale at $499,000 with 4,312 sqft and a lot size of 0.2387. 1016 Palm Drive is a studio with 0.0 baths and was built in 2025. The property's zip code is 78516 which is in Alamo, TX

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