106 S 48th Lane McAllen, TX $ 480,000
106 S 48th Lane
$ 480,000
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106 S 48th Lane

McAllen, TX, 78501
$ 480,000
Bedrooms-- Baths0.0 Sq 5,440

Monthly Estimate*

$ 3,315

106 S 48th Lane, McAllen, TX 78501 - Image 1
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106 S 48th Lane, McAllen, TX 78501 - Image 11

Multi-Family Home for sale in McAllen, TX

for $480,000. This 5,440 square foot home was built in 2007 on a lot size of 0.2013.

GREAT INVESTMENT OPPORTUNITY! Beautiful two-story fourplex located in a highly desirable area near Shary Road with a McAllen address and zoned to Sharyland ISD. Conveniently located near IDEA McAllen, Sharyland High School, shopping, dining, and everyday amenities. All four units are currently tenant occupied, providing immediate rental income with potential to increase rents. Property features include spray foam insulation, shutters on all units, and paver back patios. Three of the four units have been updated with paint, tile, carpet, appliances, and fixtures. One HVAC system is brand new, while the remaining systems are approximately five years old or newer. Each unit features granite countertops and includes a washer, dryer, refrigerator, stove, and dishwasher. An excellent opportunity to own a fully occupied, income-producing fourplex in a prime location!

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Multi-Family Active

Price

$ 480,000

Property Type

Multi-Family

Taxes

$ 9,243

Style

Quadruplex

Lot Size

0.2013

Year Built

2007

Town/City

McAllen

County/Region

Hidalgo

MLS | Web ID

515077

Features
General
Sewer City Sewer
Possession Closing and Funding
HOA Fee 360
Property Subtype Quadruplex
Tax Year 2017
Community Features None Sidewalks Street Lights
County Hidalgo
Property Type Residential Income
HOA true
Subdivision Name Shary Landing
Status Active
Directions From Bus 83 and Bentson Rd head West on Bus 83 and turn left on 49th St (right before Taylor Rd) turn left on Austin Ave. then right on 48th Lane. Property on the right side.
High School Sharyland H.S.
City McAllen
High School District Sharyland ISD
Lot Size Units Square Feet
Lot Size Square Feet 8768.1924
Elementary School Martinez
Tax Annual Amount 9243
Home Warranty Y/N false
Middle/Junior High School B.L. Garza
Building Area Units Square Feet
Living Area Units Square Feet
Standard Status Active
Middle/Junior School District Sharyland ISD
Elementary School District Sharyland ISD
Legal Description Shary Landing Lot 58
Freehold BBO VOW IDX
Living Area 5440
Cooling Central Air Electric
Roof Composition Shingle
Appliances Electric Water Heater Dishwasher Dryer Refrigerator Stove/Range Washer
Garage Spaces 0
Construction Materials Brick Stone
Year Built 2007
Stories Count 2
Garage Y/N false
Carport Spaces 8
Carport Y/N true
Year Built Source HCAD
Heating Central Electric
Patio/Porch Features Covered Patio Patio Patio Slab
Assoc Fee Paid Per Annually
Association Name Magnolia Property Management
Insurance Expense 6500
Security Features Smoke Detector(s)
Other Structures Outbuilding (None)
Association Amenities Property Owners' Assoc.
Gross Income 55560
MaintenanceExpense 29
Number Of Units Total 4
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Interior
Interior Amenities Ceiling Fan(s) Dryer Washer
Flooring Carpet Tile Vinyl
Air Conditioning Y/N true
Window Features Energy Features (Double Pane Windows)
Heating Y/N true
Laundry Features Laundry Room Washer/Dryer Connection
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Exterior
Water Source Public
Lot Size Area 8768.1924
Lot Size Acres 0.2013
Road Surface Type Paved
Irrigation Water Rights Y/N false
Lot Features Curb & Gutters Mature Trees Sidewalks Sprinkler System
Fencing Privacy Wood
Exterior Amenities Mature Trees Sprinkler System
Parking Features No Carport No Garage
Total Parking 8
Foundation Details Slab
Building Area Total 5440
Lot Dimensions 83x106
Covered Spaces 8
Pool YN false
Number of Separate Water Meters 5
Number of Buildings 1
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* Excluded Features
List By
Erick Ochoa

Listing Agent

Modern Valley Realty

Broker

erick@modernvalleyrealty.com

Email

Affordability Calculator

$4,085
Per Month
81%
19%
0%
Monthly Principal & Interest
$3,315
Monthly Property Taxes
$770
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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
3057755 Elementary School
3057559 Middle School
Sharyland H.S. High School High School
Pricing History
DatePricePrice ChangeDescription
9/11/2026$480,000 Listed Price

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106 S 48th Lane, McAllen, TX, 78501 is a Multi-Family Home for sale at $480,000 with 5,440 sqft and a lot size of 0.2013. 106 S 48th Lane has 0.0 baths and was built in 2007. The property's zip code is 78501 which is in McAllen, TX