$505,000
NEW CONSTRUCTION

1032 Palm Dr Alamo, TX 78516

Estimated payment $3,172/month

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

Highlights

  • New Construction
  • Double Pane Windows
  • Slab Porch or Patio
  • High Ceiling
  • Walk-In Closet
  • Laundry closet

About This Home

Brand New multi family building with ALL 3 bedroom/2baths.Exceptional investment opportunity in a desirable multi-family subdivision just minutes from Expressway 83,top schools, shopping,and dining.Newly built fourplexes offer modern design, strong tenant appeal,and immediate cash flow.Each unit features an open-concept layout with wood-look tile flooring,a contemporary kitchen with custom cabinetry,quartz countertops, a spacious island providing ample storage and workspace.Bedrooms are generously sized with large closets,and the primary suites include a luxurious frameless glass shower and walk-in closet.Additional highlights include private fenced backyards for every unit,stainless steel appliances,in-unit washer and dryer, and covered carports.This is an outstanding opportunity for investors seeking a low-maintenance,high-demand rental asset in a rapidly growing area.Don’t miss your chance to own a premium multi-family property with long-term value and impressive rental potential.

Listing Agent

Daniela Perez

Alliance Real Estate Group Listed on: 11/24/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 2025 | New Construction

Lot Details

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

Home Design

  • Quadruplex
  • Slab Foundation
  • Composition Shingle Roof
  • Stucco

Interior Spaces

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

Kitchen

  • Stove
  • Microwave

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • 8 Carport Spaces
  • No Garage

Outdoor Features

  • Slab Porch or Patio

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

  • Assessor Parcel Number R33080A000001500

Community Details

Overview

  • Property has a Home Owners Association
  • 2 Buildings
  • 4 Units
  • Riverside Tower & 495 Subdivision Phase A

Building Details

  • Insurance Expense $2,000
  • Maintenance Expense $185
  • Gross Income $52,800

Property Details

Home Type

Multi-Family

Year Built

Built in 2025 | New Construction

Lot Details

0

Listing Details

  • Directions: From Expressway 83 going North on N Tower Rd. Go passed 495/Kansas Rd and the new subdivision will be on the East (Right) hand side.
  • 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
  • Building Stories: 1
  • Special Features: NewHome
  • Stories: 1

Interior Features

  • Roof: Composition Shingle
  • Appliances: Electric Water Heater, Water Heater (In Attic), Water Heater (Other Location), Dryer, Microwave, Refrigerator, Stove/Range, Washer
  • Flooring: Tile
  • Living Area: 4312
  • Window Features: Energy Features (Double Pane Windows)

Exterior Features

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

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: No Garage

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks, Street Lights
  • Amenities: Property Owners' Assoc.
  • Association: No

Schools

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

Lot Info

  • Lot Size Sq Ft: 10399.95
  • Parcel #: R33080A000001500

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: 52800
  • Insurance Expense: 2000

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
11/24/2025 11/24/25 For Sale $505,000 -- $117 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 486993

Greater McAllen Association of REALTORS®