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Phillip Veale

phillipveale@gmail.com +1956678626

Listed by Blue Diamond Realty Group LLC

$ 565,000

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Active

1408 E Iris AVE Mcallen, TX 78501

4,500 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,500 sqft

Subdivision Park Terrace

MLS Listing ID 494685

HOA Fees $500/ann

HOA Y/N Yes

Year Built 2023

Annual Tax Amount $12,859

Tax Year 2025

Lot Size 10,288 Sqft

Acres 0.2362

Property Sub-Type Quadruplex

Source Greater McAllen

Property Description

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.

Location

State TX

County Hidalgo

Community Gated, Sidewalks, Street Lights

Rooms

Other Rooms Outbuilding (None)

Interior

Interior Features Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer

Heating Central

Cooling Central Air

Flooring Tile

Appliance Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer

Laundry Laundry Area, Washer/Dryer Connection

Exterior

Exterior Feature Sprinkler System

Carport Spaces 8

Fence Wood

Community Features Gated, Sidewalks, Street Lights

View Y/N No

Roof Type Shingle

Total Parking Spaces 8

Garage No

Building

Lot Description Sidewalks, Sprinkler System

Faces From Expressway 83, exit on 10th St (Business 83) and head north. Turn right (east) on Iris Ave. Continue to 1408 E Iris Ave located within the gated community.

Story 1

Foundation Slab

Sewer City Sewer

Structure Type Stucco,Wood Siding

New Construction No

Schools

Elementary Schools Milam

Middle Schools Cathey

High Schools Memorial H.S.

Others

Tax ID P375800000003800

Security Features Smoke Detector(s)