1408 E IRIS AVENUE, MCALLEN, TX 78501
Homes for sale in Mcallen.
Homes for sale in 78501.
1408 E Iris Avenue
McAllen, TX 78501
List Price$620,000
Listing #494685
4,500
Square Feet
4
Number of Units
Multi-Unit Residential
Type
About This Property
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 Features
Location Information
County
Hidalgo
Directions
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.
Subdivision
Park Terrace
Interior Features
Interior
Ceiling Fan(s), Decorative/High Ceilings, Dryer, Microwave, Walk-In Closet(s), Washer
Laundry
Laundry Area, Washer/Dryer Connection
Heating
Central
Appliances
Electric Water Heater, Dryer, Refrigerator, Stove/Range, Washer
Cooling
Central Air
Total Number of Units
4
Floors
Tile
Features
Gated, Sidewalks, Street Lights
Exterior Features
Construction
Stucco, Wood Siding
Parking Spaces
8
Exterior
Sprinkler System
Fencing
Wood
Foundation
Slab
Patio / Deck Description
Patio Slab
Roof
Shingle
Lot Description
Sidewalks, Sprinkler System
Possession
Closing and Funding
Lot Size in Acres
0.236
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
10,288
Security Features
Smoke Detector(s)
Buildings
Outbuilding (None)
Parking Description
Garage Faces Rear
Energy Features
None
Garage Spaces
0
Road Description
Paved
School
Elementary School District
McAllen ISD
Middle School
Cathey
Elementary School
Milam
High School
Memorial H.S.
Additional Information
Is a Gated Community
Yes
Units in Complex
4
Property Type
RI
HOA Fee
$500
Property SubType
Quadruplex
HOA Frequency
Annually
Year Built
2023
Taxes
12859
APN
P375800000003800
Tax Year
2025
Status
Active
Square Feet Source
HidalgoCAD
Similar Listings
Mortgage Calculator
$2,894
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$2,234
Monthly Tax
$516
Monthly Insurance
$144
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
Schools
Walk Score
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