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1408 E Iris Avenue McAllen, TX $ 620,000
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1408 E Iris Avenue
$ 620,000
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1408 E Iris Avenue

McAllen, TX, 78501
$ 620,000
Baths0.0 Sq 4,500

Monthly Estimate*

$ 3,817

1408 E Iris Avenue, McAllen, TX 78501 - Image 1
1408 E Iris Avenue, McAllen, TX 78501 - Image 2
1408 E Iris Avenue, McAllen, TX 78501 - Image 3
1408 E Iris Avenue, McAllen, TX 78501 - Image 4
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1408 E Iris Avenue, McAllen, TX 78501 - Image 8
1408 E Iris Avenue, McAllen, TX 78501 - Image 9
Studio

Multi-Family Home for sale in McAllen, TX

for $620,000. This 4,500 square foot home was built in 2023 on a lot size of 0.2362.

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.

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Multi-Family Active

Price

$ 620,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 12,859

Style

Quadruplex

Lot Size

0.2362

Year Built

2023

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

494685
Features
General
Sewer City Sewer
Possession Closing and Funding
HOA Fee 500
Property Subtype Quadruplex
Tax Year 2025
Community Features Gated Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA true
Subdivision Name Park Terrace
Status Active
Directions From Expressway 83 exit on 10th St (Business 83) and head north. Turn right (east) on Iris Ave. Continue to 1408 E Iris Ave located within the gated community.
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 10288.872
Elementary School Milam
Tax Annual Amount 12859
Home Warranty Y/N false
Middle/Junior High School Cathey
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District McAllen ISD
Elementary School District McAllen ISD
Legal Description PARK TERRACE LOT 38
Freehold BBO VOW IDX
Living Area 4500
Cooling Central Air
Roof Shingle
Appliances Electric Water Heater Dryer Refrigerator Stove/Range Washer
Garage Spaces 0
Construction Materials Stucco Wood Siding
Year Built 2023
Stories Count 1
Energy Efficient None
Garage Y/N false
Carport Spaces 8
Carport Y/N true
Year Built Source HCAD
Heating Central
Patio/Porch Features Patio Slab
Assoc Fee Paid Per Annually
Association Name Streamline Management
Insurance Expense 1795
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Gross Income 5200
MaintenanceExpense 0
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s) Decorative/High Ceilings Dryer Microwave Walk-In Closet(s) Washer
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Area Washer/Dryer Connection
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Exterior
Lot Size Area 10288.872
Lot Size Acres 0.2362
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Sidewalks Sprinkler System
Fencing Wood
Exterior Amenities Sprinkler System
Parking Features Garage Faces Rear
Total Parking 8
Foundation Details Slab
Building Area Total 4500
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 5
Number of Buildings 2
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* Excluded Features
List By
Denyss Alanis

Listing Agent

Blue Diamond Realty Group Llc

Broker

denyssguerrero2010@gmail.com

Email

Affordability Calculator

$4,889
Per Month
78%
22%
0%
Monthly Principal & Interest
$3,817
Monthly Property Taxes
$1,072
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
3057039 Elementary School
1204033 Middle School
Memorial H.S. High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
2/16/2026$620,000 Listed Price

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1408 E Iris Avenue, McAllen, TX, 78501 is a Multi-Family Home for sale at $620,000 with 4,500 sqft and a lot size of 0.2362. 1408 E Iris Avenue is a studio with 0.0 baths and was built in 2023. The property's zip code is 78501 which is in McAllen, TX

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