1408 E Iris Ave McAllen, TX 78501
McAllen AreaEstimated payment $4,158/month
Highlights
- Gated Community
- Walk-In Closet
- Laundry closet
- High Ceiling
- Slab Porch or Patio
- Tile Flooring
About This Home
Modern fourplex in a gated community with controlled access. The property consists of two 3-bedroom, 2-bath units and two 2-bedroom, 2-bath units, providing an ideal mix for strong rental demand.
Each unit features a modern design and comes fully equipped with washer, dryer, microwave, stove, and refrigerator. Contemporary finishes, functional layouts, and quality construction make this a low-maintenance asset built for long-term performance.
Located in an amazing area close to the expressway, shopping centers, restaurants, hospitals, and schools, this property offers convenience and strong tenant appeal. Situated within a gated community, it provides added privacy and security.
Whether you're an investor seeking a turnkey, cash-flowing asset or a first-time buyer looking to offset your mortgage with rental income, this fourplex presents a rare opportunity in one of McAllen’s most desirable locations.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $12,859
Year Built
- Built in 2023
Lot Details
- 10,289 Sq Ft Lot
- Wood Fence
- Sprinkler System
HOA Fees
- $42 Monthly HOA Fees
Home Design
- Quadruplex
- Slab Foundation
- Shingle Roof
- Wood Siding
- Stucco
Interior Spaces
- Walk-In Closet
- 4,500 Sq Ft Home
- 1-Story Property
- High Ceiling
- Ceiling Fan
- Tile Flooring
- Fire and Smoke Detector
Kitchen
- Stove
- Microwave
Laundry
- Laundry closet
- Dryer
- Washer
Parking
- Garage
- 8 Carport Spaces
- Rear-Facing Garage
Outdoor Features
- Slab Porch or Patio
Schools
- Milam Elementary School
- Cathey Middle School
- Memorial High School
Utilities
- Central Heating and Cooling System
- Electric Water Heater
Listing and Financial Details
- Assessor Parcel Number P375800000003800
Community Details
Overview
- 2 Buildings
- 4 Units
- Streamline Management Association
- Park Terrace Subdivision
Building Details
- Insurance Expense $1,795
- Gross Income $5,200
Security
- Gated Community
Map
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $13,889 | $545,000 | $138,891 | $406,109 |
| 2024 | $13,889 | $587,400 | $133,747 | $453,653 |
| 2023 | $3,084 | $130,146 | $130,146 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 07/09/2026 07/09/26 | Price Changed | $555,000 | -1.8% | $123 / Sq Ft | |
| 04/28/2026 04/28/26 | Price Changed | $565,000 | -8.9% | $126 / Sq Ft | |
| 02/16/2026 02/16/26 | For Sale | $620,000 | +13.8% | $138 / Sq Ft | |
| 12/12/2023 12/12/23 | Sold | -- | -- | -- | View Prior Sale |
| 08/07/2023 08/07/23 | Pending | -- | -- | -- | |
| 08/01/2023 08/01/23 | For Sale | $545,000 | -- | $123 / Sq Ft |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Deed | -- | Sierra Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $545,929 | FHA |
Source: Greater McAllen Association of REALTORS®
MLS Number: 494685
APN: P3758-00-000-0038-00
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of Greater McAllen Association of Realtors. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2026 Greater McAllen Association of Realtors. All rights reserved.
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