1425 E Iris Avenue McAllen, TX $ 510,000
1425 E Iris Avenue
$ 510,000
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1425 E Iris Avenue

McAllen, TX, 78501
$ 510,000
Baths0.0 Sq 4,320

Monthly Estimate*

$ 3,140

1425 E Iris Avenue, McAllen, TX 78501 - Image 1
Studio

Multi-Family Home for sale in McAllen, TX

for $510,000. This 4,320 square foot home was built in 2023 on a lot size of 0.2087.

Prime investment opportunity, this fully occupied fourplex offers exceptional convenience just minutes from DHR, the medical district, dining, and retail destinations. Nestled in the Park Terrace subdivision at the southwest corner of Jackson Road and Jonquil Avenue, the property boasts a striking mid-century modern aesthetic. The property consists of two buildings with a total of four units, featuring a balanced mix of one 2-bedroom, 2-bathroom unit and one 1-bedroom, 1-bathroom unit in each building. A great opportunity to own a well-maintained, fully leased property in a premier location.

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Multi-Family Active

Price

$ 510,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 15,118

Style

Quadruplex

Lot Size

0.2087

Year Built

2023

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

506697

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 495/Ferguson Ave head north on Jackson Rd turn left onto Jonquil Ave. Park Terrace subdivision will be on the left hand side.
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 9091.8432
Elementary School Milam
Tax Annual Amount 15118
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 45
Freehold BBO VOW IDX
Living Area 4320
Cooling Central Air
Roof Shingle
Appliances Electric Water Heater Dryer Refrigerator Stove/Range-Electric Smooth Washer
Garage Spaces 0
Construction Materials Stucco
Year Built 2023
Stories Count 1
Energy Efficient Thermostat
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 Management
Insurance Expense 0
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Association Amenities Property Owners' Assoc.
Gross Income 57600
MaintenanceExpense 0
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s) Walk-In Closet(s)
Flooring Tile
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Area Washer/Dryer Connection
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Exterior
Water Source Public
Lot Size Area 9091.8432
Lot Size Acres 0.2087
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Irregular Lot
Fencing Wood
Exterior Amenities None
Parking Features Garage Faces Front
Total Parking 8
Foundation Details Slab
Building Area Total 4320
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 4
Number of Buildings 2
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* Excluded Features
List By
Jaime Lee Gonzalez

Listing Agent

Keller Williams Realty Rgv

Broker

jaime@jlgrealtor.com

Email

Affordability Calculator

$4,400
Per Month
71%
29%
0%
Monthly Principal & Interest
$3,140
Monthly Property Taxes
$1,260
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
6/8/2026$510,000 Listed Price

Map


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1425 E Iris Avenue, McAllen, TX, 78501 is a Multi-Family Home for sale at $510,000 with 4,320 sqft and a lot size of 0.2087. 1425 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