1428 E Iris Avenue McAllen, TX $ 559,900
1428 E Iris Avenue
$ 559,900
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1428 E Iris Avenue

McAllen, TX, 78504
$ 559,900
Baths0.0 Sq 1

Monthly Estimate*

$ 3,447

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Studio

Multi-Family Home for sale in McAllen, TX

for $559,900. This 1 square foot home was built in 2023 on a lot size of 0.2263.

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!

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Multi-Family Active

Price

$ 559,900

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 13,099

Style

Quadruplex

Lot Size

0.2263

Year Built

2023

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

505314

Features
General
Possession Closing and Funding
HOA Fee 500
Property Subtype Quadruplex
Tax Year 2026
Community Features None
County Hidalgo
Property Type Residential Income
HOA true
Subdivision Name Park Terrace
Status Active
Directions On Nolana and Jackson Rd.
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 9855.8856
Elementary School Milam
Tax Annual Amount 13099
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 43
Freehold BBO VOW IDX
Living Area 1
Cooling Central Air
Roof Shingle
Appliances Electric Water Heater Refrigerator Stove/Range
Garage Spaces 0
Construction Materials Stucco
Year Built 2023
Stories Count 1
Energy Efficient Other
Garage Y/N false
Carport Spaces 8
Carport Y/N true
Year Built Source HCAD
Heating Central
Assoc Fee Paid Per Annually
Association Name Streamline Managment
Insurance Expense 3400
Other Structures Outbuilding (Other)
Gross Income 57600
MaintenanceExpense 700
Number Of Units Total 4
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Interior
Interior Amenities Other
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Area
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Exterior
Water Source Public
Lot Size Area 9855.8856
Lot Size Acres 0.2263
Road Surface Type Paved
Irrigation Water Rights Y/N false
Fencing Wood
Exterior Amenities Other
Parking Features Attached
Total Parking 8
Foundation Details Slab
Building Area Total 1
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 4
Number of Buildings 2
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* Excluded Features
List By
Roberto Leal

Listing Agent

Imperio Real Estate Llc

Broker

robertlegar@yahoo.com

Email

Affordability Calculator

$4,539
Per Month
76%
24%
0%
Monthly Principal & Interest
$3,447
Monthly Property Taxes
$1,092
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
Pricing History
DatePricePrice ChangeDescription
5/24/2026$559,900 Listed Price

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1428 E Iris Avenue, McAllen, TX, 78504 is a Multi-Family Home for sale at $559,900 with 1 sqft and a lot size of 0.2263. 1428 E Iris Avenue is a studio with 0.0 baths and was built in 2023. The property's zip code is 78504 which is in McAllen, TX