$505,000
NEW CONSTRUCTION

1016 Palm Dr Alamo, TX 78516

Estimated payment $3,167/month

-- Bed
-- Bath
4,312 Sq Ft
$117 Price per Sq Ft

Highlights

  • New Construction
  • Walk-In Closet
  • Laundry closet
  • No HOA
  • Patio
  • Tile Flooring

About This Home

Discover this stunning brand-new 4-plex, now complete and ready to lease in the heart of Alamo! Each unit features a sleek, modern design with a spacious open-concept layout and 3 full bedrooms, perfect for families, professionals, or anyone needing extra space for a home office, gym, or playroom. Large windows throughout the units bring in abundant natural light, enhancing the bright and welcoming atmosphere. Every unit also includes two beautifully finished bathrooms with contemporary fixtures and clean, elegant finishes.
Enjoy the convenience of being close to Expressway 83, top-rated schools, shopping, and local dining. With its modern appeal, prime location, and strong rental demand, this 4-plex presents a high-yield investment opportunity and is ideal for securing reliable tenants quickly.
Don’t miss your chance to own this exceptional, fully finished, and move-in-ready property!

Listing Agent

Bryanna Hernandez

Imperio Real Estate Llc Listed on: 11/14/2025

Imperio Real Estate Llc

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

  • 10,400 Sq Ft Lot
  • Privacy Fence
  • Wood Fence
  • Sprinkler System

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • Walk-In Closet
  • 4,312 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Electric Range
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Garage
  • 8 Carport Spaces
  • Front Facing Garage

Schools

  • Salinas Elementary School
  • Sauceda Middle School
  • Donna High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Additional Features

  • Energy-Efficient Thermostat
  • Patio

Listing and Financial Details

  • Assessor Parcel Number R33080A000001100

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Riverside Tower & 495 Subdivision Phase A

Building Details

  • Insurance Expense $1,800
  • Maintenance Expense $2,200
  • Gross Income $52,200

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Directions: Tower road and 495
  • Year Built: 2025
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2387
  • Road Surface Type: Paved
  • Subdivision Name: Riverside Tower & 495 Subdivision Phase A
  • Carport Y N: Yes
  • Garage Yn: No
  • New Construction: Yes
  • Efficiency: Thermostat
  • Building Stories: 1
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Dryer, Oven-Microwave, Refrigerator, Stove/Range-Electric Smooth, Washer
  • Other Equipment: 1 Year Warranty
  • Flooring: Tile
  • Living Area: 4312

Exterior Features

  • Exterior Features: Sprinkler System
  • Interior Amenities: Ceiling Fan(s), Dryer, Microwave, Walk-In Closet(s), Washer
  • Fencing: Privacy, Wood
  • Lot Features: Sidewalks, Sprinkler System
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (None)
  • Patio And Porch Features: Patio
  • Property Condition: New Construction
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Garage Faces Front, Detached

Utilities

  • Laundry Features: Laundry Closet, Washer/Dryer Connection
  • Security: Smoke Detector(s)
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Sewer: City Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Association: No

Schools

  • Elementary School: Salinas
  • High School: Donna H.S.
  • Junior High Dist: Donna ISD
  • Middle Or Junior School: Sauceda

Lot Info

  • Lot Size Sq Ft: 10399.95
  • Parcel #: R33080A000001100

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2025
  • Tax Annual Amount: 1

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 52200
  • Insurance Expense: 1800

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/14/2025 11/14/25 For Sale $505,000 -- $117 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 487060

Greater McAllen Association of REALTORS®