731 N TOWER ROAD, ALAMO, TX 78516
Homes for sale in Alamo.
Homes for sale in 78516.
List Price$2,400,000
731 N Tower Road
Alamo, TX 78516
Listing #467850
24,000
Square Feet
20
Number of Units
House
Type
About This Property
Rare opportunity to own a high-income producing 20-unit property located directly on Tower Rd, a main thoroughfare just seconds from Expressway 83. This multifamily asset features exceptional quality construction, modern finishes, ample parking, and strong tenant retention. Currently delivering an 8% cap rate with upside potential to increase income even further. Situated in a highly visible and accessible location near commercial centers, this investment offers long-term growth and stability. Don't miss your chance to own one of the best-built properties in the area! All units are FULLY rented. This property also features a large office, perfect to convert into another rental space or to conduct business out of there.
Property Features
Location Information
County
Hidalgo
Directions
N on Tower Road. To the West side before the first stop sign.
Subdivision
Shea Estates
Interior Features
Interior
Ceiling Fan(s), Dryer, Microwave, Split Bedrooms, Walk-In Closet(s), Washer
Laundry
Laundry Closet, Washer/Dryer Connection
Heating
Central
Appliances
Electric Water Heater, Water Heater (Laundry Room), Electric Cooktop, Refrigerator
Cooling
Central Air
Total Number of Units
20
Floors
Porcelain Tile, Tile
Features
Sidewalks, Street Lights
Exterior Features
Construction
Stone, Stucco
Parking Spaces
40
Exterior
Sprinkler System
Fencing
Decorative Metal
Foundation
Slab
Patio / Deck Description
Patio, Patio Slab
Roof
Composition Shingle
Lot Description
Alley, Sidewalks, Sprinkler System
Possession
Closing and Funding
Lot Size in Acres
1.39
Septic or Sewer
City Sewer
Lot Size in Sq. Ft.
60,547
Water
Public
Buildings
Office
Utilities
Cable Available
Energy Features
None, Other, Thermostat
Parking Description
Detached
Road Description
Paved
Garage Spaces
0
School
Elementary School District
PSJA ISD
Middle School
Vela
Elementary School
Santos Livas
High School
PSJA Memorial H.S.
Additional Information
Property Type
SFR
Units in Complex
3
Property SubType
Apartment
Taxes
35000
Year Built
2017
Tax Year
2024
APN
S309000000000100
Square Feet Source
HidalgoCAD
Status
Active
Similar Listings
Mortgage Calculator
$11,208
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$8,648
Monthly Tax
$2,000
Monthly Insurance
$560
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
Courtesy of: Victor Fuentes
Big Realty
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IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Greater McAllen Association of REALTORS®. The listing broker?s offer of compensation is made only to participants of the MLS where the listing is filed.
GMAR(McAllen) data last updated at May 27, 2026, 7:39 AM CT
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