




$549,900
1428 E Iris Avenue, McAllen, TX, 78504
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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!
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Learn About the Market: Opportunity in Texas




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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.
Population Growth
~1.3% annually
Net Migration
Positive
Median Home Price
$283,800
Unemployment Rate
4.3%
Price Trend
Flat
New Permits
158,121
City: McAllen
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