About This Home

This 0-bedroom, 0-bathroom multi-family at 1425 E Iris Avenue in McAllen, TX is listed for $510,000 ($118 per sqft). Built in 2023, the home offers 4,320 sqft of living space on a 0.21 acres lot.

Key Features

  • Built in 2023
  • 0.21 acre lot
  • 8 parking spaces

Property Details

1 story
8 spaces
2023

Amenities

A/C
Listing Description

Prime investment opportunity, this fully occupied fourplex offers exceptional convenience just minutes from DHR, the medical district, dining, and retail destinations. Nestled in the Park Terrace subdivision at the southwest corner of Jackson Road and Jonquil Avenue, the property boasts a striking mid-century modern aesthetic.

The property consists of two buildings with a total of four units, featuring a balanced mix of one 2-bedroom, 2-bathroom unit and one 1-bedroom, 1-bathroom unit in each building. A great opportunity to own a well-maintained, fully leased property in a premier location.

Monthly Cost Estimate

$3,228/mo

20% down · 6.5% · 30 years

Principal$369
Interest$2,210
Insurance$149
HOA$500

Estimates only. Actual payments may vary.

Location

1425 E Iris Avenue

McAllen, TX 78501

Park Terrace

Property Details

Construction

Stucco

Parking

Garage

Heating

Central

Cooling

Central Air

Appliances

Electric Water HeaterDryerRefrigeratorStove/Range-Electric SmoothWasher

Questions & Answers

This 0-bedroom, 0-bathroom multi-family at 1425 E Iris Avenue is listed at $510,000 ($118/sqft). The estimated monthly payment is $3,228 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance, HOA fees.

HOA fees are $500/month.

Key features include: Built in 2023, 0.21 acre lot, 8 parking spaces.

This property is listed by Jaime Lee Gonzalez.

JG

Jaime Lee Gonzalez

Agent at RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV

Listed by RGV Venture Capital, LP d/b/a Keller Williams Realty - RGV · Broker phone: (956) 566-8377 · View on Broker Site

MLS# 506697· Source: Greater McAllen Association of Realtors· 8 days on PropertySimple

Copyright © 2026 Greater McAllen Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

1425 E Iris Avenue, McAllen, TX 78501

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