608 W Iris Ave Mc Allen, TX 78501
Estimated payment $2,767/month
Highlights
- No HOA
- Laundry Room
- Ceiling Fan
- Milam Elementary School Rated A
- Central Heating and Cooling System
- 1-Story Property
About This Home
Exceptional Investment Opportunity – Fully Leased Fourplex in McAllen!
Expand your investment portfolio with this fully leased fourplex offering immediate rental income in a convenient McAllen location. This well-maintained multifamily property features a desirable unit mix of 3 bedroom, 2 bath and 2-bedroom, 1.5 bath units, appealing to a broad range of tenants.
Residents enjoy the convenience of on-site parking, separate electric meters with tenants responsible for their own electric service, & quick access to many of McAllen’s most popular destinations. Just minutes from H-E-B, shopping centers, restaurants, medical facilities, schools, and the vibrant downtown McAllen district, this property offers the accessibility today’s renters value.
Whether you’re expanding an existing portfolio or purchasing your next income-producing property, this fourplex combines a strong location, established occupancy, & excellent long-term investment potential. Schedule your private tour today!
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $5,751
Year Built
- Built in 1975
Lot Details
- 9,117 Sq Ft Lot
Parking
- 4 Carport Spaces
Home Design
- Quadruplex
- Brick Exterior Construction
- Slab Foundation
- Composition Shingle Roof
Interior Spaces
- 3,224 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Laminate Flooring
- Electric Cooktop
- Laundry Room
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 G820000000000600
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 4 Units
- Greenway Heights Subdivision
Amenities
- Laundry Facilities
Building Details
- Insurance Expense $4,760
- Maintenance Expense $1,200
- Gross Income $37,680
Map
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 |
|---|---|---|---|---|
| 07/22/2026 07/22/26 | For Sale | $420,000 | -- | $130 / Sq Ft |
Source: Greater McAllen Association of REALTORS®
MLS Number: 508615
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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Ask me questions while you tour the home.