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$549,900

1428 E Iris Avenue, McAllen, TX, 78504

PendingInfo
Baths0 Bath
Baths3,900 Sq Ft
QuadruplexQuadruplex
price_per_sqft$141 / sqft
Year BuiltBuilt in 2023

Property Lead Type:

Absentee OwnerHigh EquityCash Buyers

Highlights

Interior

Bathrooms 0Bathrooms 0
Heating CentralHeating Central
CoolingCooling
AppliancesRange, Cooktop, Electric Water Heater, Refrigerator
FlooringTile

Exterior

Exterior FeaturesOther
Lot Size9,858 sqft

Building Information

Year Built2023
Roof Type105

Land Information

APNP3758-00-000-0043-00
Lot Number43
SubdivisionPark Terrace - Spa
Land UseVacant Land
Legal DescriptionPARK TERRACE LOT 43
Census Tract020910
Assessed Land Value$133,058
Assessed Improvement Value$422,375
Assessment Year2025

About this property

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!

Investor Tools

$0Estimated Mortgage Balance
$574,000Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,444 /month
Positive
Cash Flow Estimate:
$1,148 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$1,075/month
$500/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$10,032
$555,433
2025
$133,058
$422,375
$555,433
No

Tax History

Year
Tax Paid
Assessed Value
2024
$10,032
$555,433

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$574,000
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: McAllen

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1428 E Iris Avenue | Property Details | No Agent List