608 W Iris Avenue McAllen, TX $ 420,000
608 W Iris Avenue
$ 420,000
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608 W Iris Avenue

McAllen, TX, 78501
$ 420,000
Baths0.0 Sq 6,448

Monthly Estimate*

$ 2,652

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Studio

Multi-Family Home for sale in McAllen, TX

for $420,000. This 6,448 square foot home was built in 1975 on a lot size of 0.2093.

Exceptional Investment Opportunity – Fully Leased Fourplex in McAllen! Expand your investment portfolio with this fully leased fourplex offering immediate rental income in a convenient McAllen location. This well-maintained multifamily property features a desirable unit mix of 3 bedroom, 2 bath and 2-bedroom, 1.5 bath units, appealing to a broad range of tenants. Residents enjoy the convenience of on-site parking, separate electric meters with tenants responsible for their own electric service, & quick access to many of McAllen’s most popular destinations. Just minutes from H-E-B, shopping centers, restaurants, medical facilities, schools, and the vibrant downtown McAllen district, this property offers the accessibility today’s renters value. Whether you’re expanding an existing portfolio or purchasing your next income-producing property, this fourplex combines a strong location, established occupancy, & excellent long-term investment potential. Schedule your private tour today!

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Multi-Family Active

Price

$ 420,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,751

Style

Quadruplex

Lot Size

0.2093

Year Built

1975

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

508615

Features
General
Sewer City Sewer
Possession Closing and Funding
Property Subtype Quadruplex
Tax Year 2025
Community Features Street Lights
County Hidalgo
Property Type Residential Income
HOA false
Subdivision Name Greenway Heights
Status Active
Directions From Business 83 head north on 2nd Street. Turn west onto Iris Avenue. Property will be on the left at 608 W. Iris Ave. McAllen TX.
High School Memorial H.S.
City McAllen
High School District McAllen ISD
Lot Size Units Square Feet
Lot Size Square Feet 9117.108
Elementary School Milam
Tax Annual Amount 5751
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 GREENWAY HEIGHTS LOT 6
Freehold BBO VOW IDX
Living Area 6448
Cooling Central Air Electric
Roof Composition Shingle
Appliances Electric Water Heater Water Heater (In Attic) Electric Cooktop Refrigerator
Garage Spaces 0
Construction Materials Brick
Year Built 1975
Stories Count 1
Energy Efficient None
Garage Y/N false
Carport Spaces 4
Carport Y/N true
Year Built Source HCAD
Heating Central Electric
Insurance Expense 4760
Other Structures Laundry Facility
Gross Income 37680
MaintenanceExpense 1200
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s)
Flooring Laminate
Air Conditioning Y/N true
Heating Y/N true
Laundry Features Laundry Room
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Exterior
Water Source Public
Lot Size Area 9117.108
Lot Size Acres 0.2093
Road Surface Type Paved
Irrigation Water Rights Y/N false
Fencing None
Exterior Amenities None
Parking Features Detached
Total Parking 4
Foundation Details Slab
Building Area Total 6448
Covered Spaces 4
Pool YN false
Number of Separate Water Meters 1
Number of Buildings 2
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* Excluded Features
List By
Grand Realty & Associates, Llc

Broker

Affordability Calculator

$3,131
Per Month
85%
15%
0%
Monthly Principal & Interest
$2,652
Monthly Property Taxes
$479
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
7/22/2026$420,000 Listed Price

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608 W Iris Avenue, McAllen, TX, 78501 is a Multi-Family Home for sale at $420,000 with 6,448 sqft and a lot size of 0.2093. 608 W Iris Avenue is a studio with 0.0 baths and was built in 1975. The property's zip code is 78501 which is in McAllen, TX