$549,900
$10K PRICE DROP

1428 E Iris Ave McAllen, TX 78501

Estimated payment $4,086/month

Total Views 1,159
-- Bed
-- Bath
3,900 Sq Ft
$141 Price per Sq Ft

Highlights

  • Laundry closet
  • Central Heating and Cooling System
  • 1-Story Property
  • Tile Flooring
  • Wood Fence

About This Home

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!

Listing Agent

Roberto Leal

Imperio Real Estate Llc Listed on: 05/24/2026

Imperio Real Estate Llc

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,099

Year Built

  • Built in 2023

Lot Details

  • 9,856 Sq Ft Lot
  • Wood Fence

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 8 Carport Spaces

Home Design

  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,900 Sq Ft Home
  • 1-Story Property
  • Tile Flooring
  • Stove
  • Laundry closet

Outdoor Features

  • Outbuilding

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 P375800000004300

Community Details

Overview

  • 2 Buildings
  • 4 Units
  • Streamline Managment Association
  • Park Terrace Subdivision

Building Details

  • Insurance Expense $3,400
  • Maintenance Expense $700
  • Gross Income $57,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,099

Year Built

Built in 2023

Lot Details

9,856 Sq Ft Lot

HOA Fees

$42 per month

Listing Details

  • Directions: On Nolana and Jackson Rd.
  • Year Built: 2023
  • Property Sub Type: Quadruplex
  • Prop. Type: Residential Income
  • Lot Size Acres: 0.2263
  • Road Surface Type: Paved
  • Subdivision Name: Park Terrace
  • Carport Y N: Yes
  • Garage Yn: No
  • Efficiency: Other
  • Building Stories: 1
  • Special Features: None
  • Stories: 1

Interior Features

  • Roof: Shingle
  • Appliances: Electric Water Heater, Refrigerator, Stove/Range
  • Flooring: Tile
  • Living Area: 3900

Exterior Features

  • Exterior Features: Other
  • Interior Amenities: Other
  • Fencing: Wood
  • Home Warranty: No
  • Construction Type: Stucco
  • Foundation Details: Slab
  • Other Structures: Outbuilding (Other)
  • Pool YN: No

Garage/Parking

  • Carport Spaces: 8
  • Covered Parking Spaces: 8
  • Parking Features: Attached

Utilities

  • Laundry Features: Laundry Area
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: None
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Streamline Managment
  • Association: Yes

Schools

  • Elementary School: Milam
  • High School: Memorial H.S.
  • Junior High Dist: McAllen ISD
  • Middle Or Junior School: Cathey

Lot Info

  • Lot Size Sq Ft: 9855.8856
  • Parcel #: P375800000004300

Building Info

  • Buildings: 2

Tax Info

  • Tax Year: 2026
  • Tax Annual Amount: 13099

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Annual Gross Income: 57600
  • Insurance Expense: 3400

Map

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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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
06/19/2026 06/19/26 Price Changed $549,900 -1.8% $141 / Sq Ft
05/24/2026 05/24/26 For Sale $559,900 -- $144 / Sq Ft
Source: Greater McAllen Association of REALTORS®

Source: Greater McAllen Association of REALTORS®

MLS Number: 505314

Greater McAllen Association of REALTORS®

APN: P3758-00-000-0043-00

Texas Hidalgo County McAllen 78501

1428 E Iris Ave, McAllen, TX

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.

Greater McAllen Association of REALTORS® 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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