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1201 E Iris Avenue, McAllen, TX 78504

McAllen
Local realty services provided by:CENTURY 21 Johnston Company
1201 E Iris Avenue,McAllen, TX 78504
$975,000
  • - Beds
  • - Baths
  • 6,639 sq. ft.
  • Multi-family
  • Active
Listed by: yessenia garcia
Office: winners circle
MLS#:509959
Source:TX_GMAR

Price summary

  • Price:$975,000
  • Price per sq. ft.:$146.86
  • Monthly HOA dues:$50

About this home

Excellent investment opportunity in McAllen's newest multifamily subdivision, Park Terrace! This modern 6-unit apartment complex is ideally located at the corner of Nolana Avenue and Jackson Road, offering exceptional access to the area's top employers, shopping, and dining. Just 4 minutes from Doctors Hospital at Renaissance, 4 minutes from Expressway 281, and minutes from major retail and entertainment destinations, this property is perfectly positioned for strong rental demand. The property features an ideal unit mix of (3) 3-bedroom, 2-bath units and (3) 2-bedroom, 2-bath units. Each unit includes a refrigerator, stove, and microwave, providing added convenience for tenants. Built just 2 years ago, this newer construction offers modern finishes, low maintenance, and an excellent opportunity for investors seeking a quality, income-producing asset in one of McAllen's fastest-growing areas.

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Home facts

  • Year built:2024
  • Listing ID #:509959
  • Added:74 day(s) ago
  • Updated:September 30, 2026 at 05:05 PM

Rooms and interior

  • Flooring:Tile
  • Kitchen Description:Electric Water Heater, Microwave, Refrigerator, Smooth Electric Cooktop
  • Living area:6,639 sq. ft.

Heating and cooling

  • Cooling:Ceiling Fan(s), Central Air, Electric
  • Heating:Central, Electric
  • Central air:Yes

Structure and exterior

  • Roof:Shingle
  • Year built:2024
  • Building area:6,639 sq. ft.
  • Construction Materials:Stucco
  • Foundation Description:Slab

Schools

  • High school:Memorial H.S.
  • Middle school:Cathey
  • Elementary school:Milam

Utilities

  • Water:Electric Water Heater, Public Water
  • Sewer:City Sewer

Finances and disclosures

  • Price:$975,000
  • Price per sq. ft.:$146.86
  • Tax amount:$16,027

Features and amenities

  • Appliances:Microwave, Refrigerator
  • Laundry features:Dryer, Laundry Area, Washer, Washer/Dryer Connection
  • Amenities:Gated, Sidewalks, Street Lights

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